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Wright Medical reported 2Q17 revenue of US $179.7MM, +5.3% from 2Q16, and 1H17 revenue of $356.9MM, +5.0% vs. 1H16. ORTHOWORLD estimates for segment sales and growth follow.
| 2Q17 | 2Q16 | $ Change | % Change | |
| Joint Reconstruction Extremities | $82.3 | $76.7 | $5.6 | 7.3% |
| Trauma | $67.3 | $65.4 | $2.0 | 3.0% |
| Arthroscopy/Soft Tissue | $5.7 | $6.0 | -$0.3 | -5.1% |
| Orthobiologics | $24.4 | $22.7 | $1.7 | 7.7% |
| Total | $179.7 | $170.7 | $9.0 | 5.3% |
| 1H17 | 1H16 | $ Change | % Change | |
| Joint Reconstruction | $163.4 | $153.3 | $10.1 | 6.6% |
| Trauma | $133.7 | $130.6 | $3.1 | 2.4% |
| Arthroscopy/Soft Tissue | $11.6 | $12.1 | -$0.6 | -4.7% |
| Orthobiologics | $48.2 | $44.0 | $4.2 | 9.6% |
| Total | $356.9 | $340.0 | $16.9 | 5.0% |
2Q17 Geographic results: U.S. $132.9MM, +9.1%; ex-U.S. $46.7MM, -4.3%
Performance highlights:
- Growth supported by AUGMENT bone graft, SALVATION limb salvage, total ankles, BLUEPRINT surgical planning, INFINITY total ankle, SIMPLICITI shoulder and PERFORM Reversed glenoid; for the latter, releasing additional instrument sets in the U.S. during 3Q17
- U.S. shoulders alone +16%, total ankles +28% (latter now >$60MM, annualized)
- Core U.S. lower extremity plates & screws/biologics growth impacted by revenue dis-synergies, which appear to be done now, and the distraction of new direct quota-carrying reps
- Ex-U.S. revenue affected by unfavorable impact of foreign currency exchange and timing of orders to stocking distributors, but offset by increase in direct Australia, EU and Japan markets
- Year to date, added ~370 new AUGMENT customers, many of which are completely new to WMGI
- The 100 sales reps added (primarily in lower extremities) are now through onboarding and training; will see meaningful benefit from them by 4Q
- No plans to divest sports medicine products, but not investing in the business presently
- After quarter close, launched the INVISION™ Revision Total Ankle and ORTHOLOC 3Di Ankle Fracture Low Profile System (latter ahead of expected 4Q launch)
Sources: Wright Medical Group, Inc.; ORTHOWORLD estimates
Wright Medical reported 2Q17 revenue of US $179.7MM, +5.3% from 2Q16, and 1H17 revenue of $356.9MM, +5.0% vs. 1H16. ORTHOWORLD estimates for segment sales and growth follow.
Q17
Q16
$ Change
% Change
Joint Reconstruction...
Wright Medical reported 2Q17 revenue of US $179.7MM, +5.3% from 2Q16, and 1H17 revenue of $356.9MM, +5.0% vs. 1H16. ORTHOWORLD estimates for segment sales and growth follow.
| 2Q17 | 2Q16 | $ Change | % Change | |
| Joint Reconstruction Extremities | $82.3 | $76.7 | $5.6 | 7.3% |
| Trauma | $67.3 | $65.4 | $2.0 | 3.0% |
| Arthroscopy/Soft Tissue | $5.7 | $6.0 | -$0.3 | -5.1% |
| Orthobiologics | $24.4 | $22.7 | $1.7 | 7.7% |
| Total | $179.7 | $170.7 | $9.0 | 5.3% |
| 1H17 | 1H16 | $ Change | % Change | |
| Joint Reconstruction | $163.4 | $153.3 | $10.1 | 6.6% |
| Trauma | $133.7 | $130.6 | $3.1 | 2.4% |
| Arthroscopy/Soft Tissue | $11.6 | $12.1 | -$0.6 | -4.7% |
| Orthobiologics | $48.2 | $44.0 | $4.2 | 9.6% |
| Total | $356.9 | $340.0 | $16.9 | 5.0% |
2Q17 Geographic results: U.S. $132.9MM, +9.1%; ex-U.S. $46.7MM, -4.3%
Performance highlights:
- Growth supported by AUGMENT bone graft, SALVATION limb salvage, total ankles, BLUEPRINT surgical planning, INFINITY total ankle, SIMPLICITI shoulder and PERFORM Reversed glenoid; for the latter, releasing additional instrument sets in the U.S. during 3Q17
- U.S. shoulders alone +16%, total ankles +28% (latter now >$60MM, annualized)
- Core U.S. lower extremity plates & screws/biologics growth impacted by revenue dis-synergies, which appear to be done now, and the distraction of new direct quota-carrying reps
- Ex-U.S. revenue affected by unfavorable impact of foreign currency exchange and timing of orders to stocking distributors, but offset by increase in direct Australia, EU and Japan markets
- Year to date, added ~370 new AUGMENT customers, many of which are completely new to WMGI
- The 100 sales reps added (primarily in lower extremities) are now through onboarding and training; will see meaningful benefit from them by 4Q
- No plans to divest sports medicine products, but not investing in the business presently
- After quarter close, launched the INVISION™ Revision Total Ankle and ORTHOLOC 3Di Ankle Fracture Low Profile System (latter ahead of expected 4Q launch)
Sources: Wright Medical Group, Inc.; ORTHOWORLD estimates
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
