Last $24.90 USD
Change Today -0.52 / -2.05%
Volume 30.0K
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

exactech inc (EXAC) Key Developments

Exactech Inc. Launches New Porous Technology for Total Knee Arthroplasty

Exactech Inc. announced the international launch of Optetrak Logic Porous, a new porous technology for total knee arthroplasty. Logic Porous offers knee surgeons a new implant coating that strikes the balance between material strength, pore size and porosity. Its unique structural lattice developed through layers of irregular shaped beads results in an increased average pore size and greater porosity than traditional spherical beads. The launch coincides with the 20th anniversary of the Exactech Knee, a clinically-recognized system of proven implants and personalized surgical techniques, which includes the Optetrak lineage of implants and ExactechGPS Guided Personalized Surgery. This is the initial launch of Logic Porous internationally, with full market availability ramping up throughout 2014 and beyond.

Exactech Inc. Elects W. Andrew Krusen to the Board of Directors

Exactech Inc. announced that W. Andrew Krusen was elected to the Board of Directors at the company's annual meeting of shareholders. In addition, Dr. Bill Petty and Richard Smith were re-elected to serve three year terms on the board. Krusen, 65, has been chairman and CEO of Dominion Financial Group Inc. a merchant banking organization that provides investment capital to the natural resources, communications and manufacturing and distribution sectors since 1987, He has also been the managing member of Gulf Standard Energy, LLC, an oil and gas concern, since June 2004; and the managing member of Krusen-Douglas, LLC, a large landowner in the Tampa, Florida area, since January 2001. He serves as a director of several publicly traded and privately held companies, including Canada Fluorspar Inc., Raymond James Trust Company, Florida Capital Group, Beall's Inc. and Romark Laboratories, L.C.

Exactech Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter Ending June 30, 2014 and Full Year 2014

Exactech Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the period, the company reported net sales of $63,258,000 against $59,301,000 a year ago. Income from operations was $6,611,000 against $6,066,000 a year ago. Income before income taxes was $6,604,000 against $5,351,000 a year ago. Net income was $4,198,000 or $0.30 per diluted share against $3,857,000 or $0.29 per diluted share a year ago. The company updated its 2014 revenue guidance to $247 million to $254 million and its diluted EPS target to $1.19 to $1.24. The company expects that effective tax rate to come down, likely to a full-year rate of 33% to 35%. For the second quarter ending June 30, 2014, the company announced that it expects revenues of $62 million to $64 million represents a 3% to 6% increase and diluted EPS of $0.29 to $0.31, and that would represent a 6% to 13% increase in net income.

Exactech Inc. to Report Q1, 2014 Results on Apr 21, 2014

Exactech Inc. announced that they will report Q1, 2014 results at 8:15 PM, GMT Standard Time on Apr 21, 2014

Exactech Inc., Q1 2014 Earnings Call, Apr 22, 2014

Exactech Inc., Q1 2014 Earnings Call, Apr 22, 2014


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