Orthofix International Announces 1st Quarter 2009 Results And Additional Debt Payment Ahead of Scheduled Maturity

> Q109 sales totaled $129.0 million, up 1% from reported Q108 sales and up 5% on a constant currency basis
> Sales of spinal implants were $28.8 million, down 1% vs. prior year, up 2% sequentially from Q408
> Consolidated gross margin was 74.6%, up 130 basis points from Q108
EBITDA, as defined in the Company’s credit agreement, was $21.3 million
> Q109 reported net income was $0.17 per diluted share; excluding certain items, adjusted net income was $0.35 per diluted share
> The Company made an additional $3 million debt payment ahead of scheduled maturity
> Limited market release of Trinity(R) Evolution(TM) commenced as of May 1st

Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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