Biomet, Inc.
Orthopedic device maker posts 11% increase in sales
Published in Physician Law Weekly, October 12th, 2005
Net sales increased 11% to $484,903,000. Operating income increased 41% to $151,410,000 from $107,232,000 and increased 8%, on an adjusted basis, from $140,254,000. Net income increased 66% to $100,299,000 from $60,433,000 and increased 10%, as adjusted, from $91,023,000. Diluted earnings per share increased 67% to $0.40 from $0.24 and increased 11%, on an adjusted basis, from $0.36.
The company's 2004 reported results reflect the acquisition of Merck KGaA's interest in the Biomet Merck joint venture on March 19, 2004, as well as the...
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Source: Physician Law Weekly (2005-10-12)
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