Revenue Growth
Total revenue for the fourth quarter was $443 million, representing year-over-year reported growth of 11.5% within the guidance range. This increase was driven by supply chain recovery, clearance of ship holds, and the ramp-up of Integra Skin production.
Adjusted EPS Performance
Fourth quarter adjusted EPS was $0.97, which was above the guidance range, supported by a sequential increase in revenue and successful integration of Acclarent.
CSS Revenue Highlights
Reported fourth quarter revenues in CSS were $314.7 million, an increase of 15.8% on a reported basis and 4.1% on an organic basis, driven by the Acclarent acquisition and strong performance in the neurosurgery segment.
Tissue Technologies Growth
Tissue Technologies grew 2% on both a reported and organic basis compared to the prior year, with Wound Reconstruction franchise sales increasing by 8.2%.
Strategic Initiatives
The company is advancing its dual PMA clinical strategy for SurgiMend and DuraSorb to capitalize on the implant-based breast reconstruction market and expanded its international commercial footprint in Brazil, India, Korea, and China.