“TRNX announced 4Q12 results, provided reasonable 2013 guidance, and announced that David Mowry was appointed the permanent CEO (as we had anticipated). In the 4Q12, revenue of $79.0 million (up 14.5%, up 16% ex-fx, up 4.4% organic), included Upper Extremity and Trauma sales of $45.8 million (up 5.5%; up 6.4% ex-fx), Lower Extremity and Trauma sales of $6.8 million (down 3.4%, down 2.6% ex-fx), OrthoHelix sales of $8 million, Sports Medicine and Biologics sales of $4.2 million (up 3.8%; up 4.8% ex-fx), and Large Joints and Other sales of $14.3 million (down 2.1%; up 1.7% ex-fx). Adjusted EBITDA of $11.0 million bested the consensus’ $9.9 million. EPS of negative $0.02 compares to the consensus’ loss of $0.06.,” BMO Capital Markets’ analyst wrote.
Tornier BV traded up 1.29% on Friday, hitting $17.27. Tornier BV has a 1-year low of $14.53 and a 1-year high of $25.91. The stock’s 50-day moving average is currently $17.35. The company’s market cap is $719.1 million.
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