Last $34.04 USD
Change Today +0.50 / 1.49%
Volume 216.4K
CNMD On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

conmed corp (CNMD) Snapshot

Open
$33.49
Previous Close
$33.54
Day High
$34.06
Day Low
$33.26
52 Week High
03/28/13 - $34.48
52 Week Low
07/26/12 - $24.78
Market Cap
955.7M
Average Volume 10 Days
137.4K
EPS TTM
$1.86
Shares Outstanding
28.1M
EX-Date
06/13/13
P/E TM
18.3x
Dividend
$0.60
Dividend Yield
1.76%
Current Stock Chart for CONMED CORP (CNMD)

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conmed corp (CNMD) Details

CONMED Corporation provides surgical devices and equipment for minimally invasive procedures and monitoring. It offers arthroscopy products, including powered resection instruments, arthroscopes, reconstructive systems, tissue repair sets, metal and bioabsorbable implants, and related disposable products and fluid management systems; video endoscopy products for use in multi-specialty clinical environments; powered surgical instruments used to perform orthopedic, arthroscopic, and other surgical procedures; and electrosurgery products comprising pencils, ground pads, active electrodes, generators, coagulation systems, and smoke evacuation and vessel sealing systems used to cut and coagulate tissue and small vessels. The company also provides patient care products comprising vital signs and cardiac monitoring products, including pulse oximetry equipment and sensors, ECG electrodes and cables, cardiac defibrillation and pacing pads, and blood pressure cuffs; surgical suction instruments and tubing products; and IV products used in critical care areas. In addition, it offers endosurgical products, such as clip appliers, laparoscopic instruments, dilating trocars, suction/irrigation instruments and accessories, laparoscopic scissors, dissectors and graspers, active electrodes, insufflation needles, linear cutters, and staplers for use in laparoscopic surgery. Further, the company provides endoscopic technology products comprising mucosal management devices, forceps, scope management accessories, bronchoscopy devices, dilatation, stricture management devices, hemostasis, biliary devices, and polypectomy for gastrointestinal endoscopy and pulmonology. Its products are used by surgeons and physicians in orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology. The company has operations in the United States, Canada, the United Kingdom, Japan, Australia, and internationally. CONMED Corporation was founded in 1970 and is headquartered in Utica, New York.

3,600 Employees
Last Reported Date: 02/25/13
Founded in 1970

conmed corp (CNMD) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: $764.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $311.5K
Executive Vice President of Corporate Commerc...
Total Annual Compensation: $361.1K
Corporate General Manager, Executive Vice Pre...
Total Annual Compensation: $307.5K
General Counsel and Executive Vice President ...
Total Annual Compensation: $280.1K
Compensation as of Fiscal Year 2012.

conmed corp (CNMD) Key Developments

CONMED Corporation Announces Quarterly Cash Dividend, Payable on July 8, 2013

CONMED Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share, payable on July 8, 2013 to all shareholders of record as of June 17, 2013. The Board expects that future cash dividends will be paid on a quarterly basis such that the total annual dividend rate based on the quarterly cash dividend will equal $0.60 per share, which is equivalent to a dividend yield of approximately 2%. Any decision to pay future cash dividends will, however, be subject to Board approval, and will depend on the Company's future earnings, cash flow, financial condition, financial covenants, and other relevant factors.

CONMED Corporation Presents at UBS Global Healthcare Conference, May-22-2013 11:30 AM

CONMED Corporation Presents at UBS Global Healthcare Conference, May-22-2013 11:30 AM. Venue: Sheraton New York Hotel, 811 Seventh Avenue, New York, New York, United States. Speakers: Joseph J. Corasanti, Chief Executive Officer, President, Chief Operating Officer and Director.

CONMED Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Reiterates Earnings Guidance for the Second Quarter and for the Full Year of 2013

CONMED Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $187.014 million compared to $194.316 million a year ago. Income from operations was $15.870 million compared to $17.022 million a year ago. Income before income taxes was $14.241 million compared to $15.585 million a year ago. Net income was $10.492 million or $0.37 per diluted share, compared to $9.968 million or $0.35 per diluted share, a year ago. Net cash provided by operating activities was $5.472 million compared to $7.629 million a year ago. Purchases of property, plant and equipment were $4.130 million compared to $6.424 million a year ago. Adjusted income from operations was $20.885 million compared to $20.484 million a year ago. Adjusted diluted earnings per share grew 16.2% to $0.43. EBITDA was $27.481 million against $28.674 million a year ago. Adjusted EBITDA was $32.068 million against $33.319 million a year ago. Adjusted diluted earnings per share grew 4.7% to $0.45. For the full year 2013, the company expects adjusted earnings per share guidance of $1.80 to $1.90. The company considers it’s prudent to reduce the estimated full year sales forecast by $15 million to $770 to $780. The company expects 2013 cash flow from operations to improve in the remaining quarters of 2013 since the pension and incentive compensation payments only affect the first quarter of 2013. The company anticipates a 20% cash tax rate. For the second quarter of 2013, the company anticipates sales will approximate $191 to $196 million and adjusted earnings per share are forecasted to be $0.41 to $0.46.

 

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Industry Analysis

CNMD

Industry Average

Valuation CNMD Industry Range
Price/Earnings 23.8x
Price/Sales 1.3x
Price/Book 1.6x
Price/Cash Flow 23.0x
TEV/Sales 0.9x
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