OrthoPediatrics reports Q EPS (34c), consensus (24c)

Reports Q3 revenue $54.6M, consensus $53.73M. David Bailey, President & CEO of OrthoPediatrics (KIDS), commented, “The third quarter results represent yet another strong performance for OrthoPediatrics in which we continued our positive momentum and executed our strategic initiatives. With multiple levers driving our growth, we saw strength across all business segments as Trauma and Deformity, Scoliosis, and OPSB all contributed to further establishing our dominant market share position within pediatric orthopedics. As we look ahead, we are confident in the remainder of 2024 and ending the year in a position of strength. Even more, we are excited about our long-term outlook as we expect to continue extending our growth while we maintain healthy gross margins and generate substantial EBITDA, all while we surround the children’s hospital with everything needed to optimize pediatric care.”