NYSE$GMED

Globus Medical Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Globus Medical's Q4 2019 results showed revenue growth and increased profitability.

Globus Medical reported an 8.0% increase in worldwide sales to $211.7 million for the fourth quarter of 2019. The company's net income increased by 23.9% to $45.5 million, with diluted EPS at $0.44 and non-GAAP diluted EPS at $0.49. The company confirmed full year 2020 sales guidance of $850 million and non-GAAP diluted earnings per share of $1.82.

  • Worldwide sales increased by 8.0% to $211.7 million.
  • Net income for the quarter was $45.5 million, representing 21.5% of sales.
  • Diluted EPS reached $0.44, while non-GAAP diluted EPS was $0.49.
  • Non-GAAP adjusted EBITDA was 34.3% of sales.

Headline financials

Total Revenue

$212M

Previous: $196M+8.0%
EPS (adj)

$0.49

Previous: $0.43+14.0%
Adjusted EBITDA

$34.30

Previous: $34.10+0.6%
Capital Expenditures

$15.8M

Previous: $17.2M-8.0%
Free Cash Flow

$38.5M

Previous: $27.1M+42.0%
Net Income

$45.5M

Previous: $36.8M+23.9%
Operating Income

$50M

Previous: $43.3M+15.6%
Gross Profit

$163M

Previous: $150M+8.6%
Cash & Equivalents

$196M

Previous: $140M+40.2%
Total Assets

$1.53B

Previous: $1.3B+17.8%
Stock-Based Comp

$6.44M

Previous: $4.82M+33.5%

Revenue & EPS history

Globus Medical · Revenue · Quarterly

$212M

Q4 2019+8%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Globus Medical · $212M total across 2 segments · Q4 2019

  • Musculoskeletal Solutions
    $198M+8.9%
  • Enabling Technologies
    $13.9M-2.7%

Forward guidance

The Company today confirmed full year 2020 guidance with expected sales of $850 million and non-GAAP diluted earnings per share of $1.82.

Tailwinds

  • Expected sales of $850 million
  • Non-GAAP diluted earnings per share of $1.82

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 Q4 2019

Historical avgQ4 2019

+0.8%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.9%

Avg return

30 days after

57%

34 / 60 earnings

Positive

+36.0%

Q3 2025

Best reaction

-23.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-14.6%-10.4%
Q4 2025+4.6%+2.1%-8.8%
Q3 2025+36.0%+37.3%+47.6%
Q1 2025-23.0%-19.7%-17.3%
Q4 2024-4.6%-4.9%-12.5%
Q3 2024+10.7%+8.2%+11.2%
Q2 2024+4.0%+8.0%+4.4%
Q1 2024+22.8%+28.7%+31.6%
Q4 2023+2.2%+4.6%-3.1%
Q3 2023-1.4%-5.1%-2.5%
Q2 2023-5.0%-4.8%-9.1%
Q1 2023+2.9%-0.3%-1.8%
Q4 2022-1.2%-21.9%-29.2%
Q3 2022-4.2%+9.4%+11.5%
Q2 2022+5.4%+6.9%-2.4%
Q1 2022+0.1%+5.2%+0.1%
Q4 2021-3.1%-3.7%+1.3%
Q3 2021+0.2%-4.3%-19.4%
Q2 2021-3.3%-3.0%+1.3%
Q1 2021+3.1%+3.0%-0.9%
Q4 2020-5.7%-5.2%-10.2%
Q3 2020+2.4%+3.5%+16.9%
Q2 2020+18.5%+13.4%+13.3%
Q1 2020+8.1%+0.6%+21.4%
Q4 2019-2.1%-9.7%-29.0%
Q3 2019+3.6%+4.2%+8.2%
Q2 2019+9.9%+6.1%+12.0%
Q1 2019-1.9%-2.0%-11.0%
Q4 2018+0.2%-2.2%-0.3%
Q3 2018-8.7%-9.9%-19.4%
Q2 2018+4.7%+1.7%+3.5%
Q1 2018-3.4%+0.7%+12.6%
Q4 2017+0.5%-1.8%+2.2%
Q3 2017+9.8%+19.7%+24.3%
Q2 2017-5.2%-3.7%-1.7%
Q1 2017+4.9%+1.0%+4.7%
Q4 2016-3.1%-2.1%+2.5%
Q3 2016-5.6%-4.9%+7.1%
Q2 2016-14.3%-11.7%-13.1%
Q1 2016-9.4%
Q4 2015+4.2%
Q3 2015+12.3%
Q2 2015+2.5%
Q1 2015+4.8%
Q4 2014-0.9%
Q3 2014+7.0%
Q2 2014-16.8%
Q1 2014+6.1%
Q4 2013+1.4%
Q3 2013+7.1%
Q2 2013+2.3%
Q1 2013+7.9%
Q1 2011+0.4%
Q4 2010+0.4%
Q4 2012+5.8%
Q3 2011-20.7%
Q3 2012-16.2%
Q4 2011-0.7%
Q2 2011-0.7%
Q2 2012+0.0%
Q1 2012

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