Acelity L.P. Inc. (1557939) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2015

Earnings Press Release
10-Q Quarterly Report
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Acelity L.P. Inc.
CIK: 1557939

ACELITY L.P. INC. REPORTS

SECOND QUARTER AND FIRST HALF FINANCIAL RESULTS FOR 2015

U.S. Advanced Wound Therapeutics revenue grew 10%

Second Quarter Financial Highlights


•	Revenue of $461.6 million, up 0.5% from the prior-year period and 5.1% on a constant currency basis


•	Revenue from Advanced Wound Therapeutics (“AWT”) devices grew double digits in the U.S. led by double digit volume increases compared to the prior-year period


•	Loss from continuing operations improved to $17.6 million compared to $153.8 million in the prior-year period


•	Adjusted EBITDA from continuing operations¹ of $172.9 million, grew 2.9% versus the prior-year period and 5.6% on a constant currency basis, achieving an Adjusted EBITDA margin of 37.5%

Operational Highlights


•	Acelity’s revolutionary V.A.C.^® Therapy technology achieves another record level of seasonally adjusted worldwide rental volumes


•	Announced two innovative product offerings in Europe: TIELLE® Non Adhesive, intended to manage a range of exudate levels and increase the comfort and ease for a patient; and the REVOLVE™ System which offers fast, efficient and secure fat tissue processing in a range of reconstructive procedures

Joe Woody, President and Chief Executive Officer, commented, “We delivered a strong financial performance in the second quarter, reflecting the power of Acelity’s growing global scale, innovative product portfolio and robust sales and service infrastructure.

“On a consolidated basis, we delivered another consecutive quarter of year over year revenue growth. We have extended our leading position in North America and have also generated strong growth in emerging markets with double-digit increases across Latin America, China and India. In addition, we successfully introduced new products including Nanova™, TIELLE® and REVOLVE™ as well as negotiated future sales channels and distributors.

“Looking ahead, we believe we have the right strategies in place to ensure a resilient platform for sustainable growth. We continue to invest in innovation, further penetration within emerging markets, and development of markets served by our focus products in order to generate long-term value creation.”

The following information was filed by Acelity L.P. Inc. on Wednesday, July 29, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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