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ConMed Corp.

Conmed shares dip despite Street-beating Q4 results

January 28, 2021 By Danielle Kirsh

ConMed (NSDQ:CNMD) posted fourth-quarter results that beat the consensus forecast on Wall Street. The Largo, Fla.-based company yesterday reported profits of $24.1 million, or 81¢ per share, on sales of $252.8 million for the three months ended Dec. 31, 2020, for a bottom-line gain of 61.7% sales loss of -4.5% compared with Q4 2019. Adjusted to […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

The best places to work for medtech sales reps

December 1, 2020 By Nancy Crotti

Teleflex (NYSE:TFX), ConMed (NSDQ:CNMD) and orthopedic fixation company Acumed top the list of best places to work in medtech sales in the coming year, according to a MedReps.com survey of medical sales representatives. The 10th annual MedReps survey polled more than 2,000 medical sales professionals in October 2020 to get a better understanding of what employees look for in employers and how […]

Filed Under: Business/Financial News, Featured Tagged With: acumed, ConMed Corp., MedReps, Teleflex

Conmed up on Street-beating Q3 results

October 29, 2020 By Danielle Kirsh

ConMed posted third-quarter results that beat the consensus forecast on Wall Street. The Utica, N.Y.-based company reported profits of $6.9 million, or 23¢ per share, on sales of $237.8 million for the three months ended Sept. 30., for a bottom-line loss of -1.7% sales growth of 1.82% compared with Q3 2019. Adjusted to exclude one-time […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

Ga. warehouse workers sue Sterigenics, ConMed over EtO exposure

May 22, 2020 By Nancy Crotti

Fifty-three people who worked in an Atlanta-area warehouse that stored medical devices sterilized by ethylene oxide (EtO) filed suit this week against Sterigenics and its parent company over exposure to the gas. The plaintiffs or their families claim that long-term EtO exposure to the sterilized devices, which they unloaded, handled, warehoused and distributed, caused multiple deaths, cancer, […]

Filed Under: Legal News, Sterilization / Calibration Tagged With: ConMed Corp., Sotera Health, sterigenics

Medical device companies continue to scale back sales projections amid coronavirus

March 11, 2020 By Chris Newmarker

Add ConMed (NSDQ:CNMD) to the list of medical device companies scaling back performance projections amid the coronavirus pandemic. The Utica, N.Y.–based minimally invasive surgical device and equipment maker said yesterday that it now expects Q1 2020 revenue growth in the 2–4% range, versus the company’s previous 5–6% guidance.  The company also expects a favorable tax […]

Filed Under: Business/Financial News, Featured, Surgical, Wall Street Beat Tagged With: ConMed Corp., coronavirus

ConMed shares jump after company tops Q3 projections

November 1, 2019 By Sean Whooley

ConMed (NSDQ:CNMD) shares were up at market close yesterday after the company topped third-quarter projections and upped its earnings outlook. Utica, N.Y.-based ConMed posted profits of $6.97 million, or 23¢ per share, on sales of $233.59 million for the three months ended Sept. 30, for a bottom-line gain of 19.7% on revenue growth of 15.5%. Adjusted […]

Filed Under: Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

ConMed beats Wall Street on Q2 earnings, raises guidance

August 5, 2019 By Nancy Crotti

ConMed (NSDQ:CNMD) posted second-quarter results last week that beat the consensus forecast on Wall Street and raised its outlook for the rest of the year, citing an anticipated weaker impact from foreign exchange rates. Utica, N.Y.-based ConMed reported profits of $5.7 million or $0.19 per share on sales of $238.3 million for the three months […]

Filed Under: Blog, Business/Financial News, News Well, Orthopedics, Wall Street Beat Tagged With: ConMed Corp.

ConMed posts Street-beating Q1 earnings

April 24, 2019 By Fink Densford

Shares in ConMed (NSDQ:CNMD) are steady in after hours trading today after the medical device maker beat expectations on Wall Street with its first quarter earnings release. The Utica, N.Y.-based company posted profits of $1 million, or 4¢ per share, on sales of approximately $218.4 million for the three months ended March 31, seeing profits shrink […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

The 10 largest orthopedic device companies in the world

April 4, 2019 By Chris Newmarker

Robot-assisted surgery continues to generate headlines in the orthopedics space. But there is so much more going on among the world’s largest orthopedic device companies. Go to our sister site Medical Design & Outsourcing and discover what’s new among the 10 largest companies in the medical device industry’s ortho sector. Next>>   Note: Medical Design […]

Filed Under: Business/Financial News, Featured, Orthopedics, Robotics, Spine Tagged With: ConMed Corp., depuysynthes, DJO Global, Johnson and Johnson, Medtronic, Orthofix, Smith & Nephew, Stryker, wrightmedical, Zimmer Biomet

ConMed closes $365m Buffalo Filter buy

February 12, 2019 By Fink Densford

ConMed (NSDQ:CNMD) said today that it closed its $365 million acquisition of Buffalo Filter from the Filtration Group. Buffalo Filter develops and produces surgical smoke evacuation technologies, including smoke evacuation pencils, smoke evacuators and laparoscopic solutions, ConMed said. Utica, N.Y.-based ConMed said that it funded the transaction through a combination of convertible notes and an expanded and […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Wall Street Beat Tagged With: ConMed Corp.

ConMed prices $300m debt offering

January 25, 2019 By Brad Perriello

ConMed (NSDQ:CNMD) yesterday priced a debt offering worth $300 million, saying it plans to use the proceeds to pay down some of its hedges and to cover the cost of an acquisition. The Utica, N.Y.-based company said the offering, of 2.625% convertible senior notes due in 2024, also includes a 13-day option for another $45 million […]

Filed Under: Funding Roundup, Wall Street Beat Tagged With: ConMed Corp.

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