$1.2 B

OFIX Mkt cap, 09-Nov-2018

$111.7 M

Orthofix Revenue Q3, 2018
Orthofix Gross profit (Q3, 2018)87.7 M
Orthofix Gross profit margin (Q3, 2018), %78.5%
Orthofix Net income (Q3, 2018)-1.2 M
Orthofix EBIT (Q3, 2018)3.9 M
Orthofix Cash, 30-Sep-201853.8 M

Orthofix Revenue

Orthofix revenue was $433.82 m in FY, 2017

Embed Graph

Orthofix Income Statement

Annual

USDFY, 2012FY, 2013FY, 2015FY, 2016FY, 2017

Revenue

447.6m400.5m396.5m409.8m433.8m

Cost of goods sold

98.3m102.3m86.5m87.9m93.0m

Gross profit

349.3m298.2m310.0m321.9m340.8m

Gross profit Margin, %

78%74%78%79%79%

Sales and marketing expense

187.1m176.6m178.1m181.3m198.4m

R&D expense

28.6m26.8m26.4m28.8m29.7m

General and administrative expense

53.4m65.1m87.2m74.4m74.4m

Operating expense total

272.7m303.3m300.7m284.5m302.5m

Depreciation and amortization

2.3m2.7m

EBIT

76.6m(5.1m)9.3m21.1m40.8m

EBIT margin, %

17%(1%)2%5%9%

Interest expense

4.7m1.9m489.0k763.0k416.0k

Interest income

763.0k416.0k

Pre tax profit

70.2m(4.8m)8.5m19.0m36.4m

Income tax expense

(25.1m)(10.1m)(10.8m)(15.5m)(29.1m)

Net Income

42.8m(25.5m)(2.8m)3.1m6.2m

Quarterly

USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

103.4m98.3m92.7m101.3m101.0m101.0m89.8m101.0m101.2m98.7m104.1m98.5m102.7m108.9m105.2m108.7m111.5m111.7m

Cost of goods sold

25.6m20.2m23.9m22.6m25.4m25.3m19.3m21.9m23.9m22.1m22.5m19.9m22.6m23.2m23.7m24.1m22.8m24.0m

Gross profit

77.8m78.0m68.8m78.7m75.6m75.7m70.4m79.0m77.3m76.5m81.6m78.6m80.2m85.8m81.5m84.6m88.7m87.7m

Gross profit Margin, %

75%79%74%78%75%75%78%78%76%78%78%80%78%79%77%78%80%78%

Sales and marketing expense

45.1m44.9m42.4m43.9m42.0m41.0m44.3m42.9m46.1m44.8m46.0m41.7m48.5m50.5m47.5m50.3m51.5m49.9m

R&D expense

5.7m8.6m6.4m5.9m6.3m6.6m5.8m6.5m6.5m7.6m6.8m6.9m7.4m6.9m6.9m6.9m7.9m9.6m

General and administrative expense

18.3m15.2m13.2m17.5m17.6m18.8m21.2m22.5m19.3m16.7m18.0m18.6m18.3m20.4m18.1m19.5m22.3m22.7m

Operating expense total

69.7m69.2m84.4m76.2m65.9m66.4m71.3m74.1m73.1m69.4m84.2m69.3m74.2m77.8m72.5m76.7m158.4m82.2m

Depreciation and amortization

544.0k565.0k616.0k584.0k

EBIT

8.1m8.8m(15.6m)2.5m6.7m6.5m(7.2m)4.9m4.1m7.1m(2.6m)9.3m5.9m8.0m9.0m7.9m7.0m3.9m

EBIT margin, %

8%9%(17%)2%7%6%(8%)5%4%7%(3%)9%6%7%9%7%6%3%

Interest expense

560.0k470.0k555.0k486.0k492.0k395.0k272.0k74.0k125.0k38.0k113.0k471.0k45.0k76.0k15.0k183.0k251.0k181.0k

Interest income

74.0k471.0k45.0k76.0k15.0k183.0k251.0k181.0k

Pre tax profit

12.3m7.1m(17.6m)1.7m6.6m4.8m(6.8m)5.9m2.3m8.9m(2.6m)9.1m1.6m8.7m9.5m10.6m2.0m(1.3m)

Income tax expense

(4.7m)(3.0m)1.3m(1.9m)(3.3m)(4.8m)(964.0k)(1.8m)(3.1m)(4.3m)(3.7m)1.3m(3.9m)(3.9m)(6.1m)(5.4m)(1.1m)115.0k

Net Income

4.5m(2.3m)(19.8m)(782.0k)(683.0k)452.0k(8.4m)3.6m(1.4m)3.9m(7.4m)9.9m(2.7m)3.9m3.5m5.2m925.0k(1.2m)

Orthofix Balance Sheet

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

31.1m30.5m36.8m63.7m39.6m81.2m

Accounts Receivable

2.8m

Inventories

83.4m90.6m59.8m57.6m63.3m81.3m

Current Assets

310.6m280.2m256.4m212.3m194.4m251.8m

PP&E

53.8m54.6m48.5m52.3m48.9m45.1m

Goodwill

74.4m53.6m53.6m53.6m53.6m53.6m

Total Assets

472.9m423.2m393.2m400.2m372.1m405.4m

Accounts Payable

22.6m20.7m13.2m16.4m14.4m18.1m

Short-term debt

Current Liabilities

62.2m66.8m66.4m82.0m83.4m79.4m

Long-term debt

20.0m20.0m20.0m

Total Debt

20.0m20.0m

Total Liabilities

105.1m112.7m109.9m108.6m108.7m

Additional Paid-in Capital

246.3m216.7m232.8m232.1m204.1m220.6m

Retained Earnings

114.8m89.3m65.4m62.6m64.2m70.4m

Total Equity

367.8m310.5m290.3m263.5m296.6m

Financial Leverage

1.3 x1.4 x1.4 x1.4 x1.4 x

Quarterly

USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

33.7m27.4m22.2m26.7m28.9m29.8m29.8m55.9m63.7m39.8m40.5m46.8m41.7m44.3m53.9m77.1m45.7m53.8m

Inventories

84.7m94.9m100.2m92.8m70.9m64.3m56.7m59.2m57.8m59.8m61.3m65.0m66.3m75.9m80.1m77.7m81.7m79.9m

Current Assets

312.6m296.4m281.8m278.4m292.7m270.3m235.0m235.2m245.5m174.0m178.0m185.2m186.8m198.6m213.4m263.1m237.4m245.0m

PP&E

54.1m55.2m55.8m52.5m51.1m49.6m46.7m50.0m51.5m53.6m52.5m51.9m48.0m46.7m46.7m44.0m44.4m43.6m

Goodwill

72.6m72.8m55.4m53.6m53.6m53.6m53.6m53.6m53.6m53.6m53.6m53.6m53.6m53.6m53.6m53.6m70.7m70.7m

Total Assets

475.8m459.5m430.1m418.5m434.0m411.0m386.7m389.2m402.4m362.8m364.7m376.1m354.7m367.7m386.3m409.0m441.8m450.2m

Accounts Payable

15.0m18.9m14.7m14.0m15.7m13.2m16.3m17.2m17.0m13.5m13.7m14.4m16.6m14.2m13.4m14.0m14.5m15.4m

Current Liabilities

59.7m71.6m66.0m55.5m83.1m81.4m69.4m64.9m78.6m59.0m77.2m83.3m62.9m65.1m74.1m65.2m63.9m76.8m

Long-term debt

20.0m20.0m20.0m20.0m20.0m20.0m

Total Debt

20.0m20.0m20.0m20.0m

Total Liabilities

102.4m114.2m111.0m101.3m91.5m105.2m87.3m106.5m102.9m87.6m90.7m101.0m95.8m121.9m126.8m

Additional Paid-in Capital

250.4m225.1m215.1m223.6m228.5m231.0m236.3m238.0m240.0m212.7m205.3m208.1m208.7m212.0m215.8m228.4m233.7m238.4m

Retained Earnings

119.3m117.0m97.2m88.6m70.7m71.2m57.0m60.6m59.2m66.4m59.1m67.4m61.5m65.4m68.8m78.5m79.4m78.2m

Total Equity

373.4m345.2m319.1m317.3m305.2m305.0m297.7m297.2m275.5m258.2m273.2m267.1m276.9m285.3m313.2m319.8m323.4m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x1.4 x1.3 x1.3 x1.4 x1.3 x1.4 x1.4 x1.3 x1.3 x1.4 x1.3 x1.4 x1.4 x

Orthofix Cash Flow

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

42.8m(25.5m)(8.5m)(2.8m)3.1m6.2m

Depreciation and Amortization

20.6m22.7m2.3m20.9m20.8m20.1m

Accounts Receivable

(18.4m)25.7m6.1m(1.5m)392.0k(6.6m)

Inventories

(2.5m)(6.6m)8.1m3.1m(5.3m)(15.6m)

Accounts Payable

4.6m(2.3m)(6.5m)3.0m(1.8m)2.3m

Cash From Operating Activities

10.2m66.9m51.0m43.2m44.7m53.3m

Cash From Investing Activities

125.0m(29.7m)(19.9m)(38.3m)(21.9m)(16.5m)

Long-term Borrowings

(188.7m)(16.0k)(20.0m)(20.0m)(20.0m)

Cash From Financing Activities

(137.6m)(38.4m)(20.0m)25.1m(46.1m)3.5m

Interest Paid

4.6m2.0m1.3m852.0k672.0k811.0k

Income Taxes Paid

18.3m8.8m2.2m3.2m4.4m3.3m

Orthofix Ratios

USDY, 2018

Financial Leverage

1.4 x
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Orthofix Employee Rating

2.581 votes
Culture & Values
2.2
Work/Life Balance
2.8
Senior Management
2.0
Salary & Benefits
3.2
Career Opportunities
2.4
Source