Globus Medical Q3 revenue $383.6M (+51% YoY); raises FY revenue guidance to $1.55B

GLOBUS MEDICAL INC

2023-Q3 EPS reported $0.98 revenue$951,942,000

GAAP net income $1.0M, diluted EPS $0.01; non-GAAP diluted EPS $0.57 (+14.7% YoY).
NuVasive merger closed Sept 1; combined results from that date drove 51% revenue increase.
Stand-alone Globus Medical net sales $281.2M (+10.7% YoY); U.S. +8.1%, International +25.5%.
Non-GAAP adjusted EBITDA $112.9M (29.4% of sales); free cash flow $29.0M.
FY 2023 revenue guidance raised to $1.55B (from $1.125B); non-GAAP EPS reaffirmed at $2.30.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBUS MEDICAL INC reported the quarter ended September 30, 2023 results: revenue $383.6 million, net income $1.0 million, EPS $0.01.

Period: the quarter ended September 30, 2023
Revenue: $383.6 million
Net income: $1.0 million
EPS: $0.01
Result: reported results

Exact text from the filing

merger with NuVasive, Inc. was completed on September 1, 2023 and results presented within include NuVasive, Inc. results from that closing date . · Worldwide net sales were $ 383.6 million , an increase of 5 1.0 % . · GAAP net income for the quarter was $ 1.0 million · GAAP d iluted earnings per share (“ EPS ”) was $0. 0 1 and non-GAAP diluted EPS was $0. 57 ·

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBUS MEDICAL INC reported full year fiscal 2023 results: revenue $1.55 billion, EPS $2.30. Guidance raised.

Period: full year fiscal 2023
Revenue: $1.55 billion
EPS: $2.30
Guidance: raised
Result: guidance update

Exact text from the filing

The Company today increased its full year fiscal 2023 revenue guidance to $1.55 billion, up from $1.125 billion, and reaffirmed non-GAAP fully diluted earnings per share guidance of $2.30.

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Source: SEC EDGAR

accession 0001562762-23-000405

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