August 27, 2016 1:25 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 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 bone growth s...

1430 Decision Street

Vista, CA 92081

United States

5,260 Employees

Phone:

800-336-5690

Key Executives for DJO Finance LLC

Chief Executive Officer, President, Manager and Director
Age: 51
Principal Financial Officer, Principal Accounting Officer, Senior Vice President and Corporate Controller
President of DJO Surgical Business Unit
Age: 50
President of International Commercial Business
Age: 51
President of Global Bracing & Supports
Age: 51
Compensation as of Fiscal Year 2016.

DJO Finance LLC Key Developments

DJO Finance LLC, Q2 2016 Earnings Call, Jul 28, 2016

DJO Finance LLC, Q2 2016 Earnings Call, Jul 28, 2016

DJO Finance LLC Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 1, 2016; Provides Earnings Guidance for the Year 2016

DJO Finance LLC announced unaudited consolidated earnings results for the second quarter and six months ended July 1, 2016. For the quarter, the company reported net sales for of $292.9 million, reflecting growth of 4.6%, compared with net sales of $279.9 million for the second quarter of 2015. Changes in foreign currency exchange rates did not have a material impact on the second quarter results. Net loss attributable to the company was $23.3 million, compared $78.0 million for the second quarter of 2015. The results for the current and prior year second quarter periods periods were impacted by significant non-cash items, non-recurring items and other adjustments. Adjusted EBITDA was $63.6 million, or 21.7% of net sales, reflecting 3.7% as reported when compared with Adjusted EBITDA of $61.3 million, or 21.9% of net sales, for the second quarter of 2015. The company reported operating income of $21.5 million compared to $25.0 million, loss before income taxes of $20.4 million compared to $86.8 million and net loss from continuing operations of $24.0 million compared to $92.7 million for the last year. For the first six months, the company reported net sales for of $571.8 million compared to $527.4 million, net loss attributable to the company of $61.6 million, compared $113.5 million, adjusted EBITDA of $112.5 million compared with $107.7 million, operating income of $31.0 million compared to $34.8 million, loss before income taxes of $52.9 million compared to $124.0 million and net loss from continuing operations of $61.9 million compared to $131.9 million for the last year. The results for the current and prior year six month periods were impacted by significant non-cash items, non-recurring items and other adjustments. The company continues to expect market and new products performance and other ongoing commercial initiatives to drive top line growth and expects constant currency revenue growth rates of closer to 6%, with adjusted EBITDA growth rates of 8%-10% for the full year of 2016, inclusive of future cost savings. Based on year-end foreign currency exchange rates, the company do not expects sales or Adjusted EBITDA for the full year of 2016 to be materially impacted.

DJO Finance LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 1, 2016; Provides Earnings Guidance for the Full Year of Fiscal 2016

DJO Finance LLC reported unaudited consolidated earnings results for the first quarter ended April 1, 2016. For the quarter, the company reported net sales were $278.906 million against $247.511 million a year ago. Operating income was $9.462 million against $9.750 million a year ago. Loss before income taxes was $32.524 million against $37.272 million a year ago. Net loss from continuing operations was $37.937 million against $39.217 million a year ago. Net loss attributable to DJO Finance LLC was $38.320 million against $35.526 million a year ago. Adjusted EBITDA was $48.914 million against $46.333 million a year ago. The company is confirming its guidance and are targeting total company full year constant currency revenue growth rates of 6%-8% for the full 2016 year and adjusted EBITDA growth rates of 8%-10%, including future cost reductions for the full 2016 year. Based on year-end foreign currency rates, the company do not expect sales or adjusted EBITDA for the full year of 2016 to be materially impacted.

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