Globus Medical saw net sales of $629.7 million in the second quarter, according to financial results posted Aug. 7.
Five notes:
1. Net sales grew 115.9% year-over-year, according to a news release.
2. The company also saw net income of $31.8 million. However that figure is a 45% decrease compared to net income in the second quarter of 2023.
3. Globus Medical projects full-year revenue to reach $2.47 to $2.49 billion.
4. Sales increases were driven by the integration of NuVasive and increased volume of spine and enabling technology sales.
5. Musculoskeletal sales were $592.9 million, and enabling technology sales were $36.8 million.