NuVasive reports 2Q results: Dayton Business

San Diego-based NuVasive, Inc. which recently opened a West Carrollton spinal implant devices factory, reported increased revenue and profitability Thursday.

For the quarter ended June 30, the company said revenue increased 10.3 percent to $260.6 million. An operating profit margin of 11.4 percent was also reported, with non-general accounting practices diluted earnings per share up 15 percent from the prior year to 46 cents.

“NuVasive delivered better than expected operating profitability and earnings per share results in the second quarter 2017, along with continued strength across our international business, growing at more than 20 percent for the third quarter in a row,” Greg Lucier, chairman and chief executive of NuVasive, said in a statement.

NuVasive reported second quarter 2017 total revenue of $260.6 million, a 10.3 percent increase compared to $236.2 million for the second quarter of 2016.

The company put net income at $12.7 million, or 22 cents per share, compared to $30.2 million, or 57 cents per share, for the second quarter of 2016.

On a non-general accounting practices basis, the company reported net income of $24.1 million, or 46 cents per share, compared to $20.6 million, or 40 cents a share, for the second quarter last year.

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About the Author

Thomas Gnau

Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.