dj Orthopedics Releases 1Q Results

dj Orthopedics Inc., (NYSE: DJO) San Diego, California, announced record net revenues for the first quarter 2006, ended April 1, 2006.

Net revenues for the first quarter of 2006 were $82.6 million, reflecting an increase of 17.5 percent, compared with net revenues of $70.3 million in the first quarter of 2005. The first quarter of 2006 included 64 shipping days while the comparable 2005 period included 65 shipping days. On the basis of average daily sales, net revenues per day in the first quarter of 2006 increased 19.4 percent compared with net revenues per day for the first quarter of 2005. The first quarter of 2006 includes a revenue contribution from the Company's January 2006 acquisition of Axmed in France.

"We are pleased to report another strong quarter of record revenues. Revenue growth continues to benefit from a combination of new product introductions, enhanced sales force productivity, and our targeted acquisition strategy," said Les Cross, president and CEO of dj Orthopedics.

"The closing of our Aircast acquisition on April 7, 2006, marked a significant milestone in the Company's history and our second quarter of 2006 begins a new chapter in the growth of dj Orthopedics," said Cross. "While it has been less than a month since we completed the acquisition, we are pleased to report that the integration process has commenced across all functions. We expect the integration to be completed by the end of this year, permitting us to enjoy the full benefit of the expected annualized cost synergies in 2007. We have refined our estimate of the cost synergies to be realized with the integration and currently expect the synergies to be between $18 million and $20 million in 2007. The balance of our second quarter will focus primarily on the integration of the sales and marketing functions of the Aircast business, both domestically and in our international markets, and planning for the manufacturing and administrative integration, which will substantially occur in the third and fourth quarters. Construction of the expansion of our manufacturing facility in Mexico is on schedule for completion by late summer."

dj Orthopedics Releases 1Q Results

CMS Issues Proposed Competitive Bidding Rule

Otto Bock Becomes OPAF Gold Level Sponsor

Otto Bock Becomes OPAF Gold Level Sponsor

O&P JOBS

Clinic Manager – Certified Prosthetist Orthotist (CPO) – Rogers, AR

CPO

Certified Prosthetist/Orthotist (CPO)

Get unlimited access!

EDGE DIRECT

Welcome Back!

Retrieve your password

Not enough quota to unlock this post

dj Orthopedics Releases 1Q Results

Support authors and subscribe to content.

Subscribe

Related posts:

CMS Issues Proposed Competitive Bidding Rule

Otto Bock Becomes OPAF Gold Level Sponsor

Otto Bock Becomes OPAF Gold Level Sponsor

O&P JOBS

Clinic Manager – Certified Prosthetist Orthotist (CPO) – Rogers, AR

CPO

Certified Prosthetist/Orthotist (CPO)

Get unlimited access!

EDGE DIRECT

Welcome Back!

Retrieve your password

Not enough quota to unlock this post