NASDAQ$OFIX
Orthofix Medical Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Orthofix's first quarter results for 2021 were reported, showing a slight increase in net sales and adjusted EPS.
Orthofix Medical Inc. reported net sales of $105.6 million, EPS of $(0.30), and adjusted EPS of $0.17 for the quarter ended March 31, 2021. The company highlighted the positive revenue impact from new product introductions and the development of its U.S. commercial channel.
- Net sales increased by 1% compared to the prior year, driven by a strong recovery in March.
- U.S. Spinal Implants net sales grew 19% compared to the prior year, with increases in both Spine Fixation and Motion Preservation.
- The company performed the first cervical and lumbar procedures using new 3D-printed titanium interbody implants with Nanovate™ Technology.
- Orthofix announced an exclusive licensing agreement with IGEA S.p.A. to expand its Bone Growth Therapies portfolio.
Headline financials
Revenue & EPS history
Orthofix · Revenue · Quarterly
$106M
Revenue by segment
Orthofix · $91.9M total across 3 segments · Q1 2021
- Bone Growth Therapies$42.9M-5.5%46.7%
- Spinal Implants & Biologics$25.7M+12.1%28.0%
- Global Limb Reconstruction$23.3M—25.3%
Forward guidance
Orthofix expects net sales between $455.0 million and $465.0 million, adjusted EBITDA between $52.0 million and $56.0 million, and adjusted EPS between $0.52 and $0.62 for the year ended December 31, 2021.
Tailwinds
- Net sales are expected to increase by 11.9% to 14.4% year-over-year.
- Adjusted EBITDA is projected to increase by 9.2% to 17.6% year-over-year.
- Adjusted EPS is anticipated to increase by 100.0% to 138.5% year-over-year.
- The company plans to continue generating commercial momentum and executing future product launches to drive growth.
- Focus on operational execution, product innovation and differentiation, and commercial channel will continue to be core tenets of the growth strategy.
Headwinds
- The COVID-19 pandemic continues to significantly affect the company's customers, communities, employees, and business operations.
- The pandemic has led to the cancellation or deferral of elective surgeries and procedures.
- Restrictions on travel and the implementation of physical distancing measures have impacted business operations.
- The company faces risks related to the acceptance of surgical products and procedures by surgeons and hospitals.
- The company's ability to maintain operations to support customers and patients in the near-term and capitalize on future growth opportunities is subject to risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.9%
Avg return
Earnings day
-2.6%
Avg return
5 days after
-3.4%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+20.3%
Q2 2014
Best reaction
-18.5%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.8% | -2.8% | -13.8% | |
| Q4 2025 | -7.0% | -0.4% | -13.2% | |
| Q3 2025 | -7.4% | -6.8% | -1.0% | |
| Q1 2025 | -10.8% | -10.6% | -20.9% | |
| Q4 2024 | -3.5% | -4.2% | -11.0% | |
| Q3 2024 | +5.5% | +4.6% | +1.2% | |
| Q2 2024 | +13.8% | +10.8% | +16.7% | |
| Q1 2024 | +10.7% | +8.8% | +0.6% | |
| Q4 2023 | +8.1% | +7.1% | +8.6% | |
| Q3 2023 | -12.5% | -20.2% | -3.2% | |
| Q2 2023 | +9.9% | +7.6% | +1.3% | |
| Q1 2023 | +1.0% | -2.3% | +6.7% | |
| Q4 2022 | -7.7% | -13.2% | -15.5% | |
| Q3 2022 | -2.2% | +4.1% | +30.5% | |
| Q2 2022 | -6.6% | -8.8% | -20.9% | |
| Q1 2022 | -10.5% | -14.3% | -11.6% | |
| Q4 2021 | +4.0% | +3.5% | +0.4% | |
| Q3 2021 | -5.9% | -10.9% | -18.6% | |
| Q2 2021 | +8.9% | +4.1% | +12.4% | |
| Q1 2021 | +0.5% | -2.0% | -8.7% | |
| Q4 2020 | +0.6% | -0.5% | -7.3% | |
| Q3 2020 | +5.2% | +13.6% | +10.8% | |
| Q2 2020 | +4.5% | +4.6% | -13.4% | |
| Q1 2020 | -1.9% | -6.9% | +3.9% | |
| Q4 2019 | -18.5% | -21.5% | -40.9% | |
| Q3 2019 | -16.8% | -17.0% | -9.6% | |
| Q2 2019 | +0.1% | +2.6% | -5.5% | |
| Q1 2019 | -2.6% | -0.3% | -10.9% | |
| Q4 2018 | -8.5% | -10.0% | -14.8% | |
| Q3 2018 | +7.4% | +8.8% | +4.1% | |
| Q2 2018 | -15.1% | -11.9% | -12.1% | |
| Q1 2018 | -13.4% | -14.6% | -10.5% | |
| Q4 2017 | +6.4% | +4.6% | +8.4% | |
| Q3 2017 | +8.8% | +5.1% | +9.6% | |
| Q2 2017 | +9.9% | +6.8% | +12.3% | |
| Q1 2017 | +1.4% | +3.8% | +8.2% | |
| Q4 2016 | -6.1% | -4.8% | +2.6% | |
| Q3 2016 | -3.8% | -6.8% | -1.5% | |
| Q2 2016 | -10.4% | -10.5% | -4.8% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | +14.4% | — | — | |
| Q2 2015 | +13.8% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | -10.8% | — | — | |
| Q3 2014 | +20.3% | — | — | |
| Q2 2014 | +20.3% | — | — | |
| Q1 2014 | +4.2% | — | — | |
| Q4 2013 | +14.1% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | -16.4% | — | — | |
| Q4 2012 | -4.9% | — | — | |
| Q3 2012 | -2.8% | — | — | |
| Q2 2012 | +4.5% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q1 2010 | -4.8% | — | — | |
| Q4 2011 | -4.8% | — | — | |
| Q4 2009 | -4.8% | — | — | |
| Q3 2010 | -7.4% | — | — | |
| Q3 2011 | -7.4% | — | — | |
| Q4 2010 | -9.5% | — | — | |
| Q2 2010 | -9.5% | — | — | |
| Q2 2011 | -9.5% | — | — |
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