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May 04, 2015 8:27 PM ET

Healthcare Equipment and Supplies

Company Overview of Lumenis Ltd.

Company Overview

Lumenis Ltd., together with its subsidiaries, develops and commercializes energy-based medical systems for use in minimally invasive procedures worldwide. It operates through three segments: Surgical, Ophthalmic, and Aesthetic. The Surgical segment offers surgical laser systems and accessories used for urology/genitourinary and ENT to hospitals, outpatient clinics, ambulatory surgery centers, and medical practices. The Ophthalmic segment sells ophthalmology laser systems and accessories, such as laser links, slit lamp microscopes, laser indirect ophthalmoscopes, physician eye safety filters, surgical laser probes, and others to ophthalmic practices, outpatient clinics, and ophthalmology depa...

Yokneam Industrial Park

Hakidma 6

PO Box No. 240

Yokneam,  2069204

Israel

Founded in 1991

954 Employees

Phone:

972 4 959 9000

Fax:

972 4 959 9050

Key Executives for Lumenis Ltd.

Lumenis Ltd. does not have any Key Executives recorded.

Lumenis Ltd. Key Developments

Fosun In Talks Over Potential $480 Million Deal for Lumenis

Fosun International Limited (SEHK:656) is in talks to buy Lumenis Ltd. (NasdaqGS:LMNS) for nearly $500 million, financial newspaper Calcalist reported. Fosun has made initial contact with Lumenis and Lumenis would accept an offer of $480 million, 26% above its market value of $380 million, the newspaper said without identifying its sources. The newspaper noted that if the deal goes through, Fosun would look to merge Lumenis with Alma Lasers, Ltd. acquired by Fosun in 2013. A Fosun spokeswoman in Beijing and Lumenis Corporate Marketing Director Sigal Deutsch both said that their respective companies do not comment on market rumors.

Lumenis Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year Ended December 31, 2015

Lumenis Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total revenues were $77,232,000 compared to $71,094,000 a year ago. Operating income was $7,386,000 compared to $6,299,000 a year ago. Net loss was $6,820,000 compared to $4,702,000 a year ago. Diluted net income per common share was $0.19 compared to $0.18 a year ago. Net cash provided by operating activities was $6,935,000 compared to $6,116,000 a year ago. Purchase of property and equipment was $787,000 compared to $1,075,000 a year ago. Non GAAP operating income was $8,053,000 compared to $6,460,000 a year ago. Adjusted EBITDA (non- GAAP) was $9,726,000 compared to $7,888,000 a year ago. Non-GAAP net income was $7,062,000 compared to $5,457,000 a year ago. Non-GAAP diluted net income per common share was $0.20 compared to $0.18 a year ago. For the year, the company's total revenues were $289,719,000 compared to $265,356,000 a year ago. Operating income was $21,216,000 compared to $25,613,000 a year ago. Net loss was $12,725,000 compared to $17,393,000 a year ago. Diluted net income per common share was $0.36 compared to $0.58 a year ago. Net cash provided by operating activities was $12,492,000 compared to $29,387,000 a year ago. Purchase of property and equipment was $3,836,000 compared to $3,624,000 a year ago. Non GAAP operating income was $25,436,000 compared to $20,331,000 a year ago. Adjusted EBITDA (non- GAAP) was $32,430,000 compared to $26,003,000 a year ago. Non-GAAP net income was $19,922,000 compared to $14,886,000 a year ago. Non-GAAP diluted net income per common share was $0.57 compared to $0.50 a year ago. For the full year ended December 31, 2015, the company expects revenue in the range of $305 million to $310 million, representing growth of 5.3% to 7.0% year-over-year on a reported basis. Assuming current exchange rates, the company estimates the foreign currency translation negative impact on total reported revenues to be approximately $11 million. Excluding the impact of foreign currency translation, revenues are expected to increase 9.5% to 11.3% year-over-year. The company expects adjusted EBITDA in the range of $35 million to $37 million, representing growth of 7.9% to 14.1% year-over-year. Assuming current exchange rates, the company estimates that foreign currency translation negative impact on adjusted EBITDA to be approximately $5.0 million. Excluding the impact of foreign currency adjusted EBITDA is expected to increase 28.6% to 36.0% year-over-year. Non-GAAP EPS in the range of $0.62 to $0.66, representing growth of 9.1% to 16.1% year-over-year.

Lumenis Ltd., Q4 2014 Earnings Call, Feb 12, 2015

Lumenis Ltd., Q4 2014 Earnings Call, Feb 12, 2015

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