Record Sales and Earnings Growth
Globus Medical achieved sales of $769 million and non-GAAP diluted earnings per share of $1.18, representing growth of 22.9% and 42.6%, respectively, over the prior year quarter.
Strong Cash Flow Generation
The company delivered a record free cash flow of $213.9 million in the third quarter.
U.S. Spine Business Growth
The U.S. Spine business led with a growth of 9.6% as reported, marking 32 weeks of consecutive growth.
Successful Nevro Integration
The Nevro business, acquired earlier in the year, delivered $99.3 million in revenue and achieved a positive adjusted EBITDA margin of 16.2%.
International Growth
The International Spine business grew by 5.6% as reported, with notable performances in EMEA, Asia Pacific, and Latin America.
Trauma Segment Success
The Trauma business grew 17.2% in the third quarter, achieving the highest quarterly revenue since its inception.