Wright Medical’s profits up 12 percent, company buys EZ Concept Surgical Device Corp. assets
Wright Medical Group Inc. (NSDQ:WMGI) posted net earnings of $4.7 million, or 12 cents per diluted share, on revenue of $121.7 million during the three months ended Sept. 30. That compares with net earnings of $4.2 million, or 11 cents per diluted share, on revenue of $117.7 million during the same period last year. Wright concomitantly announced the acquisition of EZ Concept Surgical Device Corp.’s EZ Frame external fixator for the foot, a diabetic charcot reconstruction treatment. The company expects the acquisition to be about one cent dilutive to its adjusted earnings during the 2010 fourth quarter and slightly accretive to its future earnings.
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Henry Schein
Henry Schein Inc. (NSDQ:HSIC) reported profits of $87.9 million, or 94 cents per diluted share, on revenue of $1.89 billion during the three months ended Sept. 25. That compares with profits of $96.4 million, or $1.05 per diluted share, on revenue of $1.66 billion during the same period last year.
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ResMed profits rise 35 percent on strong sales growth
ResMed Inc. (NYSE:RMD) posted net income of approximately $56.7 million, or 36 cent per diluted share, on sales of $282.0 million during the three months ended Sept. 30. That compares with net income of $42.1 million, or 27 cents per diluted share, on sales of $247.0 million during the same period last year.
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IntriCon puts some black ink in its books
IntriCon Corp. (NSDQ:IIN) posted a profit of $243,000, or 4 cents per diluted share, on sales of $14.7 million during the three months ended Sept. 30. That compares with a loss of approximately $736,000, or 14 cents per diluted share, on sales of $12.9 million during the same period last year.
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