Strong Financial Performance
Bioventus reported second quarter revenue of $148 million, in line with expectations and reflecting a 6% organic growth despite challenging prior year comparisons. Adjusted earnings per share increased by 31% compared to the prior year, and the adjusted EBITDA margin of 23% exemplified stability and disciplined investment in key growth strategies.
Surgical Solutions Growth
The Surgical Solutions business delivered strong double-digit growth in ultrasonics, driven by enhanced precision and control for surgeons, reduced patient blood loss, and increased operating room efficiency.
Restorative Therapies Success
Exogen accelerated and achieved double-digit growth for the quarter, validating the approach to drive success across product categories with tighter focus, right strategy, targeted investments, and disciplined commercial execution.
510(k) Clearance for Chronic Pain Treatment
Bioventus received 510(k) clearance for StimTrial and TalisMann for peripheral nerve stimulation, opening a significant growth opportunity in the fast-growing PNS market, expected to exceed $500 million by 2029.
Cash Flow and Debt Management
Cash flow from operations totaled $26 million, an increase of $11 million compared to the prior year. The company expects to nearly double cash flow from operations compared to 2024, and refinanced its credit facility with benefits like reduced interest rates and extended maturity.