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Update: CONMED Posted Unimpressive Q4 2014 And Full-Year Earnings - 2015 Should Be Better

CONMED Corp.'s (CNMD) fourth-quarter 2014 revenue came in at $195 million, down 4% year-over-year, and net income came in at $11.3 million, up 10.8% year-over-year. For full-year 2014 revenue was $740.1 million, down 3% year-over-year, and net income was $32.2 million, down 10.3% year-over-year. Curt R. Hartman, CONMED's president and CEO, said, "Our focus is on transforming our commercial organization to facilitate future sales and earnings growth."

Although the company's 2014 revenue wasn't encouraging from shareholders' point of view, I believe 2015 will see some stabilization before revenue picking up from 2016. In 2014 revenue from orthopedic surgical products was $402.8 million, down 1.8% from the previous year, and revenue from general surgical products was $279.4 million, down 2.5% from the previous year. The surgical visualization business saw maximum year-over-year decline of 12% to $57.9 million.

The company will implement certain changes in its commercial organization structure and rebuild its… Read More …