GMED
Globus Medical, Inc.85.79
-0.71-0.82%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
11.59BP/E (TTM)
27.76Basic EPS (TTM)
3.09Dividend Yield
0%Recent Filings
10-Q
8-K
10-Q
Q2 FY2025 results
Globus Medical's Q2 FY2025 results showed net sales climbing 18.4% y/y to $745.3M, fueled by the April Nevro acquisition adding $94.6M in revenue, while musculoskeletal solutions grew 19.7% y/y to $710.2M; U.S. sales surged 20.3% y/y, outpacing international's 11.0% y/y rise. Operating income jumped to $76.1M from $49.6M y/y, with gross margin expanding to 66.6% from 58.7% amid lower inventory step-up amortization, though SG&A swelled 26.8% y/y on integration costs. Diluted EPS hit $1.49, up from $0.23 y/y, reconciling to 136.5M weighted shares; the $110.6M bargain purchase gain from Nevro's deferred tax assets boosted net income to $202.8M. Cash dipped to $229.4M after $450M note repayment and $215.4M stock buybacks, yet operating cash flow strengthened to $255.2M YTD. Closed Nevro in April 2025 for $252.5M cash, recognizing $53.6M intangibles over 8-15 years. Patent disputes linger as a key risk.
8-K
Q2 sales soar 18.4% post-Nevro
Globus Medical reported Q2 2025 net sales of $745.3 million, up 18.4% year-over-year, fueled by the recent Nevro acquisition adding $94.6 million while base business grew 3.3%. US Spine surged 5.7%, but Enabling Technologies dipped slightly amid integration pushes. Non-GAAP diluted EPS hit a record $0.86, up 14.1%, yet GAAP figures swelled from a $110.6 million bargain purchase gain. The company closed Nevro and eyes synergies, reaffirming 2025 revenue guidance of $2.80-2.90 billion. Synergy execution poses integration risks.
8-K
CEO transition and strong Q2 sales
Globus Medical shook up its C-suite on July 18, 2025, with Daniel Scavilla resigning as CEO to chase another gig, paving the way for Keith Pfeil—former COO and CFO—to step in, while Kyle Kline took the CFO reins. This internal shuffle, free of any rifts, coincides with solid Q2 sales hitting $745.3 million, up 18.4% year-over-year, driven by US Spine's 7.4% day-adjusted growth and Enabling Tech gains. Leadership transition smooth. The company sticks to its $2.80–$2.90 billion full-year revenue guide, but integration risks from NuVasive and Nevro loom large.
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