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 […]
ConMed Corp.
Ga. warehouse workers sue Sterigenics, ConMed over EtO exposure
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, […]
Medical device companies continue to scale back sales projections amid coronavirus
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 […]
ConMed shares jump after company tops Q3 projections
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 […]
ConMed beats Wall Street on Q2 earnings, raises guidance
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 […]
ConMed posts Street-beating Q1 earnings
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 […]
The 10 largest orthopedic device companies in the world
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 […]
ConMed closes $365m Buffalo Filter buy
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 […]
ConMed prices $300m debt offering
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 […]
ConMed beats The Street with Q4 numbers, readies $275m debt offering
ConMed (NSDQ:CNMD) yesterday reported fourth-quarter numbers that topped the consensus forecast on Wall Street, but missed the mark for its full-year results. The Utica, N.Y.-based company posted profits of $15.6 million, or 54¢ per share, on sales of $242.4 million for the three months ended Dec. 31, 2018, for a bottom-line slide of -66.5% on […]
ConMed to acquire Buffalo Filter for $365m
ConMed (NSDQ:CNMD) said today that it inked a deal to acquire surgical smoke evacuation tech developer Buffalo Filter for $365 million. 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 expects to finance the transaction through a combination of […]
