Page 1

CONMED CONMED Corporation Announces Second Quarter Financial Results July 28 , 2021 LARGO , Fla .-- ( BUSINESS WIRE ) -- Jul . 28 , 2021-- CONMED Corporation ( NYSE : CNMD ) today announced financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Highlights • Sales of $ 255.2 million increased 61.7 % year over year as reported and 58.2 % in constant currency . • Domestic revenue increased 64.2 % year over year . • International revenue increased 58.6 % year over year as reported and 50.7 % in constant currency . • Diluted net earnings per share ( GAAP ) were $ 0.41 , compared to a diluted net loss per share of $ 0.96 during the second quarter of 2020 . • Adjusted diluted net earnings per share ( 1 ) were $ 0.71 , compared to an adjusted diluted net loss per share of $ 0.07 during the second quarter of 2020 . " Our solid second quarter results , driven by the strong commitment and exceptional performance of our global team , have positioned us well as we continue to navigate the COVID - 19 environment and its impacts on our business , " commented Curt R. Hartman , CONMED's Chair of the Board , President , and Chief Executive Officer . " Our focus remains on new product innovation and strategically investing in our commercial and operations teams to better serve our global customers and drive shareholder value . " 2021 Outlook Based on its first six - month results , the Company is increasing its guidance for the full year 2021 and now expects revenue between $ 1.015 billion and $ 1.035 billion , compared to its prior guidance of between $ 1.0 billion and $ 1.03 billion . Based on recent exchange rates , the Company continues to expect the positive impact to 2021 sales from foreign exchange in the range of 50 to 100 basis points . The Company now expects full - year 2021 adjusted diluted net earnings per share in the range of $ 3.15 to $ 3.25 , compared to its prior range of $ 3.05 to $ 3.20 . Supplemental Financial Disclosures ( 1 ) A reconciliation of reported diluted net earnings ( loss ) per share to adjusted diluted net earnings ( loss ) per share , a non - GAAP financial measure , appears below . Conference Call The Company's management will host a conference call today at 4:30 p.m. ET to discuss its second quarter 2021 results . To participate in the conference call , dial 1-844-889-7792 ( domestic ) or + 1-661-378-9936 ( international ) and refer to the passcode 7138188 . This conference call will also be webcast and can be accessed from the " Investors " section of CONMED's website at www.conmed.com . The webcast replay of the call will be available at the same site approximately one hour after the end of the call . A recording of the call will also be available from 7:30 p.m. ET on Wednesday , July 28 , 2021 , until 7:30 p.m. ET on Wednesday , August 4 , 2021. To hear this recording , dial 1-855-859-2056 ( domestic ) or + 1-404-537-3406 ( international ) and enter the passcode 7138188 . Consolidated Condensed Statements of Income ( Loss ) ( in thousands , except per share amounts , unaudited ) Net sales Three Months Ended June 30 , 2021 2020 Six Months Ended June 30 , 2021 2020 $ 255,161 $ 157,785 $ 487,837 $ 371,796