San Diego Business Journal

DJO Global Reports Q2 Results

By Mike Allen Friday, July 25, 2014

DJO Global Inc., the Vista-based maker of orthopedic devices, reported second quarter net sales of $313.9 million, up 6.5 percent from the like quarter of 2013.

The company said its net loss in the quarter was $25.4 million, compared with a net loss of $20.8 million in the second quarter of 2013.

For the six months, DJO reported net sales of $596.6 million, compared with about $574 million for the like period of 2013.

The net loss in the first half of 2014 was $61.4 million, compared with a net loss of $53.2 million for the like period of 2013.

DJO said second quarter earnings before income taxes, depreciation and amortization were $70.2 million, up 5.3 percent from the like quarter last year.

CEO Mike Mogul said the company’s growing slate of products combined with strong global execution is driving momentum across most of its business units.