Full Press Release Details
LMAT INVESTMENT HIGHLIGHTS:
$89.6mm sales in 2016*
$16.9mm operating income in 2016*
19% operating margin
91 direct sales reps
Acquisition and R&D strategy
sheet, dividend payer, share repurchase
*Management Guidance, November 10, 2016
+14% reported growth +12%
2007200820092010201120122013201420152016*
*Management Guidance, November 10, 2016
GAAP to Non-GAAP Financial
Measures Reconciliation
Reconciliation between GAAP and Non-GAAP EBITDA: 2009 2010201120122013201420152016*
Net Income as reported $1,598$6,013 $2,143$2,571$3,202$3,915$7,758$7,993
Interest $(12)$(26) $(11)$(77)$8$4$(13)$(55)
Taxes $617$(1,988) $1,609$1,422$1,126$2,405$3,666$4,415
Depreciation and amortization $1,419$1,376 $2,037$2,234$2,793$3,334$3,394$2,658
EBITDA $3,622$5,375 $5,778$6,150$7,129$9,658$14,805$15,011
Reconciliation between GAAP and Non-GAAP sales growth:
For the year ending December 31, 2016
Net sales per guidance** $89,550
Impact of currency exchange rate fluctuations 167
Net impact of acquisitions excluding currency (1,793)
Adjusted net sales $87,924
For the year ending December 31, 2015
Net sales as reported $78,352
Net impact of divestitures excluding currency (153)
Adjusted net sales $78,199
Adjusted net sales increase for the year ending December 31, 2016 $9,72512%
Amounts are in thousands and are unaudited
**Management Guidance, November 10, 2016