ConMed posted 2Q17 arthroscopy/soft tissue repair revenue of US $105.5MM, -0.3% vs. 2Q16, and 1H17 revenue of $209.3MM, -0.9% vs. 2H16.
2Q17
2Q16
$ Change
% Change
Arthroscopy/Soft Tissue Repair
$105.5
$105.9
-$0.3
-0.3%
1H17
1H16
$ Change
% Change
Arthroscopy/Soft Tissue Repair
$209.3
$211.2
-$1.8
-0.9%
Performance highlights from 2Q:
Confident that new products and sales execution improvements will drive U.S. growth in 2H17
Specifically called out uptake of CuffLink Double Row rotator cuff repair (on the market for ~1 year) and new shaver system
Ex-U.S. sales +0.4%, reflecting strong performance in sports medicine and direct sales in regions such as Asia, Australia, Europe and New Zealand
Rounding out performance turnaround strategies with an acquisition: after close of quarter, announced purchase of MedShape’s all-PEEK ExoShape Anterior Cruciate Ligament repair system, filling a gap in offerings and complementing the GraftMax Button and allografts from Musculoskeletal Transplant Foundation
ConMed posted 2Q17 arthroscopy/soft tissue repair revenue of US $105.5MM, -0.3% vs. 2Q16, and 1H17 revenue of $209.3MM, -0.9% vs. 2H16.
Q17 2Q16 $ Change % Change
Arthroscopy/Soft Tissue Repair $105.5 ...
ConMed posted 2Q17 arthroscopy/soft tissue repair revenue of US $105.5MM, -0.3% vs. 2Q16, and 1H17 revenue of $209.3MM, -0.9% vs. 2H16.
2Q17
2Q16
$ Change
% Change
Arthroscopy/Soft Tissue Repair
$105.5
$105.9
-$0.3
-0.3%
1H17
1H16
$ Change
% Change
Arthroscopy/Soft Tissue Repair
$209.3
$211.2
-$1.8
-0.9%
Performance highlights from 2Q:
Confident that new products and sales execution improvements will drive U.S. growth in 2H17
Specifically called out uptake of CuffLink Double Row rotator cuff repair (on the market for ~1 year) and new shaver system
Ex-U.S. sales +0.4%, reflecting strong performance in sports medicine and direct sales in regions such as Asia, Australia, Europe and New Zealand
Rounding out performance turnaround strategies with an acquisition: after close of quarter, announced purchase of MedShape’s all-PEEK ExoShape Anterior Cruciate Ligament repair system, filling a gap in offerings and complementing the GraftMax Button and allografts from Musculoskeletal Transplant Foundation
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