ConMed Reports 1Q19 Orthopedic Revenue of $113.4MM, +4.2% vs. 1Q18

ConMed reported 1Q19 orthopedic revenue of USD $113.4MM, +4.2% vs. 1Q18.

• Increased 2019 guidance by .25%, bringing the range to 5.25% to 6.25%
• Sixth consecutive quarter of orthopedic revenue growth
• Orthopedic revenue driven by new products like the cordless MicroFree System
• Released a hip system with additional components slated for launch in 1H19

ConMed’s segment sales and growth on an as-reported basis are as follows ($MM).

ORTHOWORLD estimates ConMed’s orthopedic revenue by geographic region as follows ($MM).

Net earnings are as follows, inclusive of all ConMed revenue.

Sources: ConMed; ORTHOWORLD estimates.

Mike Evers is ORTHOWORLD’s Market Analyst. He can be reached by email.