Last $23.28 USD
Change Today -0.38 / -1.61%
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As of 4:00 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

exactech inc (EXAC) Snapshot

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06/30/14 - $26.52
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exactech inc (EXAC) Details

Exactech, Inc. develops, manufactures, markets, and distributes orthopedic implant devices; and related surgical instrumentation, supplies, and biologic materials to hospitals and physicians in the United States and internationally. It offers knee implant systems that address orthopedic surgeons’ concerns for contact stress, patellar tracking, polyethylene wear, joint stability, bone preservation, and instrumentation; extremities products comprising Equinoxe, a platform shoulder system for the treatment of degenerative disease and trauma; and hip implant systems that address hip arthroplasty, hip fractures, and complex primary hip surgeries. The company also offers biologics and spine products for the healing and regeneration of bone and soft tissues; distributes allograft tissue implants for oral and dental applications; and markets tri-calcium phosphate/hydroxyapatite based synthetic bone graft substitutes. In addition, it offers Ossigen, a 3D matrix of collagen and an organic bone mineral processed into blocks for surgical implantation for the repair of bony defects in the spine, extremities, and pelvis; hip, knee, and shoulder spacers that are used in two stage revision procedures; an air-driven impact handpiece that surgeons could use during joint implant revision procedures to remove failed prostheses and bone cement; and bone cement systems. The company markets its orthopedic implant products through a network of independent sales agencies, direct sales representatives, and independent distributors to hospitals, surgeons and other physicians, and clinics. Exactech, Inc. was founded in 1985 and is headquartered in Gainesville, Florida.

608 Employees
Last Reported Date: 03/6/14
Founded in 1985

exactech inc (EXAC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $387.8K
Co-Founder and Executive Chairman
Total Annual Compensation: $615.8K
Co-Founder and Executive Vice President of Re...
Total Annual Compensation: $325.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $380.6K
Senior Vice President and General Manager of ...
Total Annual Compensation: $391.3K
Compensation as of Fiscal Year 2013.

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.


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