Symmetry Medical, a medical device company that includes orthopedics, reported revenue of $94.7 million for the second quarter of 2011, a 6.6 percent increase over the same period last year, according to a company news release.
The company experienced a decrease in orders during the first half of the year, driven by the lower numbers from the orthopedic market. President and CEO Thomas J. Sullivan attributed the company's success to streamlining the management team and a focus on efficiency and quality across company facilities. Net income dropped slightly, from $4.5 million in 2010 to $4.2 million in 2011 but rose since the first quarter of 2011.
For the second half of the year, the company will focus on developing technology and higher margin proprietary products.
Read the release on Symmetry Medical.
Related Articles on Symmetry Medical:
Symmetry Medical Plans $1.8M Expansion at the Lansing, Michigan Location
Symmetry Medical Appoints Former DePuy Orthopaedics President Thomas J. Sullivan as President and CEO
Symmetry Medical Names Jose Fernandez Senior Vice President of New Product Development
For the second half of the year, the company will focus on developing technology and higher margin proprietary products.
Read the release on Symmetry Medical.
Related Articles on Symmetry Medical:
Symmetry Medical Plans $1.8M Expansion at the Lansing, Michigan Location
Symmetry Medical Appoints Former DePuy Orthopaedics President Thomas J. Sullivan as President and CEO
Symmetry Medical Names Jose Fernandez Senior Vice President of New Product Development