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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 | |
| Â Joint Reconstruction Extremities | $82.3Â | $76.7Â | $5.6Â | 7.3%Â |
| Â Trauma | $67.3Â | $65.4Â | $2.0Â | 3.0%Â |
| Â Arthroscopy/Soft Tissue | $5.7Â | $6.0Â | -$0.3Â | -5.1%Â |
| Â Orthobiologics | $24.4Â | $22.7Â | $1.7Â | 7.7%Â |
|  Total | $179.7 | $170.7 | $9.0 | 5.3% |
| 1H17 | 1H16 | $ Change | % Change | |
| Â Joint Reconstruction | $163.4Â | $153.3Â | $10.1Â | 6.6%Â |
| Â Trauma | $133.7Â | $130.6Â | $3.1Â | 2.4%Â |
| Â Arthroscopy/Soft Tissue | $11.6Â | $12.1Â | -$0.6Â | -4.7%Â |
| Â Orthobiologics | $48.2Â | $44.0Â | $4.2Â | 9.6%Â |
|  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 INVISIONâ„¢ 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.
Q17Â
Q16Â
$ ChangeÂ
% ChangeÂ
 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 | |
| Â Joint Reconstruction Extremities | $82.3Â | $76.7Â | $5.6Â | 7.3%Â |
| Â Trauma | $67.3Â | $65.4Â | $2.0Â | 3.0%Â |
| Â Arthroscopy/Soft Tissue | $5.7Â | $6.0Â | -$0.3Â | -5.1%Â |
| Â Orthobiologics | $24.4Â | $22.7Â | $1.7Â | 7.7%Â |
|  Total | $179.7 | $170.7 | $9.0 | 5.3% |
| 1H17 | 1H16 | $ Change | % Change | |
| Â Joint Reconstruction | $163.4Â | $153.3Â | $10.1Â | 6.6%Â |
| Â Trauma | $133.7Â | $130.6Â | $3.1Â | 2.4%Â |
| Â Arthroscopy/Soft Tissue | $11.6Â | $12.1Â | -$0.6Â | -4.7%Â |
| Â Orthobiologics | $48.2Â | $44.0Â | $4.2Â | 9.6%Â |
|  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 INVISIONâ„¢ 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.
