Strong Revenue Growth
Bioventus reported a 14% increase in revenue for the fourth quarter and 12% for the full year 2024, with organic growth of 14%.
Surgical Solutions Performance
Surgical Solutions achieved double-digit growth, with Ultrasonics experiencing its highest quarterly growth rate of the year and an 18% acceleration in revenue.
Improved Profitability
Adjusted EBITDA grew by 23% to $109 million for the year, with a 160 basis point expansion in adjusted EBITDA margin.
Debt Reduction
The company paid down nearly $50 million in debt in the fourth quarter, reducing the net leverage ratio by more than a full turn since the start of 2024.
Positive Outlook for 2025
Bioventus targets above-market growth, continued profitability expansion, and accelerated free cash flow generation for 2025.