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Home Industry News DJO Global reports better-than-expected results in second quarter of 2017

DJO Global reports better-than-expected results in second quarter of 2017

22nd August 2017

DJO Global has announced its financial results for the second quarter of 2017, during which it delivered a net sales total of $294.7 million (229.83 million pounds).

This represents a year-on-year increase of 0.6 percent, or 2.3 percent on a sales-per-day constant currency basis, which means the company's performance for the second quarter and the first half are ahead of its annual operating plan.

The company's surgical implant and recovery sciences helped to offset declines for its bracing and vascular segment and its international business, while its earnings grew faster than its revenues.

Additionally, significant investments have been made in the company's transformation efforts, which remains on track to deliver seven to ten percent annual cost reductions by the end of 2018.

Brady Shirley, DJO's president and chief executive officer, said: "Looking forward, we remain confident in both our transformation and the team that we have in place to deliver long-term value to our customers, employees and investors."

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