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RTI Surgical Q4 worldwide revenues $76.1 million

Staff writer |
RTI Surgical announced preliminary unaudited fourth quarter and full year 2015 revenue. Worldwide revenues were $76.1 million for Q4 2015 compared to revenues of $70.9 million for Q4 2014.

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Domestic revenues for Q4 2015 were $70.6 million compared to revenues of $65.4 million for the fourth quarter 2014. International revenues for the fourth quarter 2015 were $5.5 million, which were comparable to the fourth quarter of 2014.

On a constant currency basis, international revenues for the fourth quarter of 2015 grew 11 percent.

Preliminary full year 2015

Worldwide revenues were $282.3 million for the full year 2015 compared to revenues of $262.8 million for the full year 2014. Domestic revenues for the full year 2015 were $260.4 million compared to revenues of $238.9 million for the full year 2014.

International revenues for the full year 2015 were $21.9 million compared to revenues of $23.9 million for the full year 2014. On a constant currency basis, international revenues for the full year 2015 grew 4 percent.

“We are pleased that revenues of $76.1 million in the fourth quarter exceeded our guidance of $68 million to $69 million,” said Brian K. Hutchison, president and chief executive officer.

“In the fourth quarter, we benefitted from stronger than expected orders from certain commercial distributors. As we have mentioned in prior quarters, the commercial business is less predictable on a quarterly basis due to the timing of distributor orders. For the full year 2015, our U.S. direct business grew 9.6 percent.

“We look forward to finalizing our results for the year and sharing with you our plans for continued growth in 2016.”


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