Home | Industry Information | Business News | Browse by Publication | B | Biotech Financial Reports

BIOMET 2ND QTR FISCAL 2008 NET SALES INCREASED 11%.

Publication: Biotech Financial Reports
Publication Date: 01-FEB-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Biomet, Inc., Warsaw, Ind., has announced financial results for its second fiscal quarter ended November 30, 2007.

Worldwide reconstructive device sales increased 15% reported (12% constant currency, excluding instruments) Worldwide knee sales increased 17% reported (16% constant hip 12%...

View more below

Read this article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 7 Days!
Tell Me More   Terms and Conditions

Purchase this article for $4.95

Already a subscriber? Log in to view full article

...currency, excluding instruments)

Worldwide sales increased reported (9% constant currency, excluding instruments)

Worldwide dental sales increased 19% reported (14% constant currency)

Worldwide craniomaxillofacial fixation sales increased 22% reported (19% constant currency)

Worldwide arthroscopy sales increased 30% reported (27% constant currency)

As previously announced, on September 25, 2007, Biomet Inc. merged with LVB Acquisition Merger Sub, Inc., a wholly-owned subsidiary of LVB Acquisition, Inc. LVB Acquisition, Inc. is indirectly owned by investment partnerships directly or indirectly advised or managed by The Blackstone Group L.P., Goldman Sachs & Co., Kohlberg Kravis Roberts & Co. L.P. and TPG Capital. These financial results have been prepared in a manner that complies, in all material respects, with generally accepted accounting principles in the U.S. with the exception of certain purchase accounting adjustments related to the Merger, including the effects of the merger-related debt and associated interest expense. The company will reflect the purchase accounting adjustments related to the Merger by the end of fiscal year 2008.

During the second quarter of fiscal year 2008, net sales increased 11% to $578.1 million. Excluding the impact of foreign...

NOTE: All illustrations and photos have been removed from this article.

Access Full Article, Compliments of Goliath


Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.