August 23, 2017 8:18 PM ET

Healthcare Equipment and Supplies

Company Overview of DJO Finance LLC

Company Overview

DJO Finance LLC develops, manufactures, and distributes medical devices used for rehabilitation, pain management, and physical therapy worldwide. Its Bracing and Vascular segment offers rigid knee bracing products, orthopedic soft goods, cold therapy products, vascular systems, therapeutic shoes, 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, as well as through online. The company’s Recovery Sciences segment offers bone growth...

1430 Decision Street

Vista, CA 92081

United States

Founded in 2006

4,980 Employees

Phone:

800-336-5690

Key Executives for DJO Finance LLC

Chief Executive Officer, President, Manager and Director
Age: 51
Chief Financial Officer and Chief Operating Officer
Age: 49
President of International Commercial Business
Age: 52
President of Global Bracing & Supports
Age: 52
General Counsel, Executive Vice President, Manager and Secretary
Age: 58
Compensation as of Fiscal Year 2017.

DJO Finance LLC Key Developments

DJO Finance LLC Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 1, 2017; Provides Earnings Guidance for the Third Quarter of 2017

DJO Finance LLC announced unaudited consolidated earnings results for the second quarter and six months ended July 1, 2017. For the quarter, the company reported net sales were $294,746,000 against $292,852,000 a year ago. Operating income was $9,043,000 against $21,544,000 a year ago. Loss before income taxes was $33,129,000 against $20,384,000 a year ago. Net loss from continuing operations was $34,224,000 against $23,961,000 a year ago. Net loss attributable to the company was $34,383,000 against $23,275,000 a year ago. Adjusted EBITDA was $63,549,000 against $63,562,000 a year ago. For six months, the company reported net sales were $583,135,000 against $571,758,000 a year ago. Operating income was $15,717,000 against $31,006,000 a year ago. Loss before income taxes was $68,854,000 against $52,908,000 a year ago. Net loss from continuing operations was $74,027,000 against $61,898,000 a year ago. Net loss attributable to the company was $74,352,000 against $61,595,000 a year ago. Adjusted EBITDA was $120,790,000 against $112,478,000 a year ago. Net cash provided by continuing operating activities for the six months ending July 1, 2017 was $38.1 million compared to a net use of cash of $10.6 million for the same period of 2016. The improvement in cash flow was primarily attributable to working capital initiatives executed as part of the company’s overall business transformation. Capital expenditures for the first half of 2017 were $22.4 million, comprised primarily of spending for surgical instruments to support its growth in that segment. In third quarter, the company expects further improvement in adjusted earnings based on the end-to-end execution and continued productivity.

DJO Finance LLC Announces Unaudited Consolidated Earnings Results for the First Quarter Ended April 1, 2017

DJO Finance LLC (DJOFL) announced unaudited consolidated earnings results for the first quarter ended April 1, 2017. DJOFL achieved net sales for the first quarter of 2017 of $288.4 million, reflecting as reported growth of 3.4%, compared with net sales of $278.9 million for the first quarter of 2016. For the first quarter of 2017, DJOFL reported a net loss attributable to DJOFL of $40.0 million, compared to a net loss of $38.3 million for the first quarter of 2016. Adjusted EBITDA for the first quarter of 2017 was $57.2 million compared with Adjusted EBITDA of $48.9 million in the first quarter of 2016, representing 17.0% growth over the prior year and 15.4% growth on a constant currency basis. Strong productivity during the period drove growth in Adjusted EBITDA at over three times the rate of revenue growth. Net cash provided by continuing operating activities for the first quarter of 2017 was $38.6 million compared to $13.4 million for the first quarter of 2016. The improvement in cash flow was primarily attributable to working capital initiatives executed as part of the company’s overall business transformation. Operating income was $6.674 million against $9.462 million a year ago. Loss before income taxes was $35.725 million against $32.524 million a year ago. Net loss from continuing operations was $39.803 million against $37.937 million a year ago.

DJO Finance LLC to Report Q1, 2017 Results on May 10, 2017

DJO Finance LLC announced that they will report Q1, 2017 results at 4:30 PM, US Eastern Standard Time on May 10, 2017

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