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April 01, 2015 6:44 AM ET

Healthcare Equipment and Supplies

Company Overview of DJO Finance LLC

Company Overview

DJO Finance LLC develops, manufactures, and distributes medical devices that provide solutions for musculoskeletal health, vascular health, and pain management worldwide. Its Bracing and Vascular segment offers rigid knee bracing products, orthopedic soft goods, cold therapy products, vascular systems, therapeutic shoes and inserts, and compression therapy products under the DonJoy, ProCare, Aircast, Dr. Comfort, Bell-Horn, and Exos brands. This segment sells its products to orthopedic and sports medicine professionals, hospitals, podiatry practices, orthotic and prosthetic centers, home medical equipment providers, and independent pharmacies. The company’s Recovery Sciences segment offers h...

1430 Decision Street

Vista, CA 92081

United States

4,940 Employees

Phone:

800-336-5690

Key Executives for DJO Finance LLC

Chief Executive Officer, President, Manager and Director
Age: 49
Chief Financial Officer, Executive Vice President, Treasurer and Manager
Age: 56
Executive Vice President of Global Quality & Operations
Age: 49
President of International Commercial Business
Age: 49
President of Global Recovery Sciences
Age: 50
Compensation as of Fiscal Year 2014.

DJO Finance LLC Key Developments

DJO Finance LLC Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

DJO Finance LLC announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company achieved net sales for the fourth quarter of 2014 of $327.1 million, reflecting sales per day, constant currency growth of 4.3%, compared with net sales of $313.6 million for the fourth quarter of 2013. Adjusted EBITDA for the fourth quarter of 2014 was $82.0 million compared with $74.2 million reported last year. Net loss attributable to company of $7.4 million, compared to a net loss attributable to company of $131.8 million reported last year. Operating income was $41.2 million against operating loss of $81.15 million reported last year. Loss before income taxes was $4.8 million against $126.15 million reported last year. The company achieved net sales of $1,229.2 million for the twelve months ended December 31, 2014, reflecting growth of 4.6% compared to net sales of $1,175.5 million for the twelve months ended December 31, 2013. Net sales were unfavorably impacted by changes in foreign currency exchange rates aggregating $3.0 million compared to the rates in effect in the twelve months of 2013. Net loss attributable to company was $90.5 million, compared to a net loss attributable to company of $203.5 million reported last year. Operating income was $103.75 million against operating loss of $9.6 million reported last year. Loss before income taxes was $76.7 million against $189.4 million reported last year. Adjusted EBITDA was $282.3 million against $264.7 million reported last year. For 2015, the company expects new products and other ongoing commercial initiatives to drive continued top line growth and the company is targeting total company full year constant currency revenue and adjusted EBITDA growth rates of mid single digits for the full 2015 year. Based on current foreign currency rates, the company expects sales to be negatively impacted by approximately 300bps.

DJO Finance LLC Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014

DJO Finance LLC announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net loss of $25,207,000 and net loss attributable to the company of $25,434,000 on net sales of $313,867,000 against net loss of $20,642,000 and net loss attributable to the company of $20,814,000 on net sales of $294,745,000 a year ago. Operating income was $25,521,000 compared to $26,423,000 a year ago. Loss before income taxes was $18,453,000 compared to $18,438,000 a year ago. Adjusted EBITDA was $70,191,000 compared to $66,690,000 a year ago. For the six months, the company reported net loss of $61,380,000 and net loss attributable to the company of $61,956,000 on net sales of $596,611,000 against net loss of $52,768,000 and net income attributable to the company of $53,178,000 on net sales of $573,822,000 a year ago. Operating income was $35,723,000 compared to $46,216,000 a year ago. Loss before income taxes was $52,002,000 compared to $45,730,000 a year ago. Adjusted EBITDA was $129,797,000 compared to $126,518,000 a year ago.

DJO Finance LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2014

DJO Finance LLC reported unaudited consolidated earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported net sales of $282.7 million, reflecting growth of 1.3%, compared with net sales of $279.1 million for the first quarter of 2013. Net sales for the first quarter of 2014 were favorably impacted by $0.9 million related to changes in foreign currency exchange rates compared to the rates in effect in the first quarter of 2013. Net loss attributable to the company was $36.5 million, compared to a net loss of $32.4 million for the first quarter of 2013. Adjusted EBITDA was $59.6 million, or 21.1% of net sales, remaining flat when compared with adjusted EBITDA of $59.8 million, or 21.4% of net sales, for the first quarter of 2013. Operating income was $10.202 million against $19.793 million a year ago. Loss before income taxes was $33.549 million against $27.292 million a year ago.

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