OrthoNews 8.9.08
July 28, 2016 at 4:25 p.m.
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Zimmer Holdings Inc. (NYSE: ZMH) announced Thursday that Stuart M. Essig has resigned from its board of directors.
Essig has served as an independent director since 2005. During that time, he has also served on the board's compensation and management development, audit and corporate governance committees.
Zimmer Chairman John L. McGoldrick said, "Stuart has been an extremely valuable member of the board. We recognize the substantial time and effort he has devoted to Zimmer and his contributions will be missed."
Visit Zimmer on the Internet at http://www.zimmer.com
Symmetry Medical Increases 2008 Revenue Projections
NEW YORK - Symmetry Medical Inc., a medical device company specializing in orthopedics, Wednesday increased its rev-enue projections for this year and reaffirmed its earnings guidance.
The company said it now expects 2008 revenue of $410 million to $420 million, up from earlier guidance of $395 million to $405 million.
Symmetry said it also expects earnings this year to be between 75 cents and 77 cents a share.
Analysts polled by Thomson Financial currently expect revenue of just more than $400 million and earnings of 75 cents per share.
Symmetry also said Wednesday that its second quarter earnings jumped 32 percent to $6.2 million, or 18 cents per share, up from $4.7 million, or 13 cents a share, in the second quarter of 2007. Revenue increased 57.5 percent to $109.8 million, partly due to acquisitions.
Symmetry shares rose 49 cents, or 2.8 percent, to close at $18.03.
Biomet Plans Second Production Base in China
U.S.-based medical device manufacturer Biomet plans to construct its second production base in Changzhou High-tech District in China.
The new facility will mainly produce orthopedic implants. Biomet aims to build up the $15 million production base to become China's medical device manufacturing center. Identifying the medical device industry as a key sector, Changzhou High-tech District has congregated a group of device makers such as Kanghui Medical Innovation, Trauson (Jiangsu) Medical Instrument and Orthmed Medical Instrument. The district also will set up a quality platform to accept international industrial capital transfers and boost the region's economic development.[[In-content Ad]]
Zimmer Holdings Inc. (NYSE: ZMH) announced Thursday that Stuart M. Essig has resigned from its board of directors.
Essig has served as an independent director since 2005. During that time, he has also served on the board's compensation and management development, audit and corporate governance committees.
Zimmer Chairman John L. McGoldrick said, "Stuart has been an extremely valuable member of the board. We recognize the substantial time and effort he has devoted to Zimmer and his contributions will be missed."
Visit Zimmer on the Internet at http://www.zimmer.com
Symmetry Medical Increases 2008 Revenue Projections
NEW YORK - Symmetry Medical Inc., a medical device company specializing in orthopedics, Wednesday increased its rev-enue projections for this year and reaffirmed its earnings guidance.
The company said it now expects 2008 revenue of $410 million to $420 million, up from earlier guidance of $395 million to $405 million.
Symmetry said it also expects earnings this year to be between 75 cents and 77 cents a share.
Analysts polled by Thomson Financial currently expect revenue of just more than $400 million and earnings of 75 cents per share.
Symmetry also said Wednesday that its second quarter earnings jumped 32 percent to $6.2 million, or 18 cents per share, up from $4.7 million, or 13 cents a share, in the second quarter of 2007. Revenue increased 57.5 percent to $109.8 million, partly due to acquisitions.
Symmetry shares rose 49 cents, or 2.8 percent, to close at $18.03.
Biomet Plans Second Production Base in China
U.S.-based medical device manufacturer Biomet plans to construct its second production base in Changzhou High-tech District in China.
The new facility will mainly produce orthopedic implants. Biomet aims to build up the $15 million production base to become China's medical device manufacturing center. Identifying the medical device industry as a key sector, Changzhou High-tech District has congregated a group of device makers such as Kanghui Medical Innovation, Trauson (Jiangsu) Medical Instrument and Orthmed Medical Instrument. The district also will set up a quality platform to accept international industrial capital transfers and boost the region's economic development.[[In-content Ad]]
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