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Stock impact report

CONMED Corporation Announces First Quarter 2020 Financial Results

CONMED Corporation (CNMD) 
Last conmed corporation earnings: 4/29 04:05 pm Check Earnings Report
Company Research Source: Business Wire
UTICA, N.Y.--(BUSINESS WIRE)--CONMED Corporation (NYSE: CNMD) today announced financial results for the first quarter ended March 31, 2020.First Quarter 2020 HighlightsSales of $214.0 million decreased 2.0% year over year as reported and 0.7% in constant currency. Acquisitions contributed approximately 290 basis points of growth.Domestic revenue increased 1.6% year over year.International revenue decreased 6.1% as reported and 3.4% in constant currency.Diluted net earnings per share (GAAP) were $0.20, compared to diluted net earnings per share of $0.04 in the first quarter of 2019.Adjusted diluted net earnings per share(1) were $0.51 versus $0.57 in the first quarter of 2019, a decrease of 10.5%.“Our first quarter results were meaningfully impacted by the global COVID-19 pandemic, particularly during the second half of the quarter,” commented Curt R. Hartman, CONMED’s President and Chief Executive Officer. “While the current environment is challenging, we have taken decisive actio Show less Read more
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