DJO Global, Vista, Calif, recently announced its financial results for its public reporting subsidiary, DJO Finance LLC (DJOFL), for the third quarter, which ended September 26, 2015.
A media release from the company notes that DJOFL achieved net sales for the third quarter of 2015 of $300.0 million, reflecting a decrease of 1.8%, compared to net sales of $305.5 million for the third quarter of 2014. Net sales for the third quarter of 2015 were unfavorably impacted by changes in foreign currency exchange rates compared to the rates in effect in the third quarter of 2014, which resulted in a decrease of net sales of $11.2 million. Excluding the impact of changes in foreign currency exchange rates from rates in effect in the prior year period (“constant currency”), net sales for the third quarter of 2015 increased by 1.9% compared to net sales for the third quarter of 2014.
Adjusted EBITDA for the third quarter of 2015 was $68.9 million, or 23.0% of net sales, reflecting a decrease of 2.1% compared to Adjusted EBITDA of $70.4 million, or 23.0% of net sales, for the third quarter of 2014. On a constant currency basis, Adjusted EBITDA for the third quarter of 2015 increased by 3.4% compared to Adjusted EBITDA for the third quarter of 2014.
For the third quarter of 2015, DJOFL reported a net loss attributable to DJOFL of $177.8 million, compared to a net loss of $21.2 million for the third quarter of 2014. The loss includes $164.9 million of non-cash impairment charges associated with Empi goodwill and intangible assets, the release continues.
For more information, visit DJO Global.
[Source(s): DJO Global, Business Wire]
