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DJO Finance's quarterly net sales increase

San Diego-based DJO Global Inc. announced Wednesday the preliminary sales results for its public reporting subsidiary DJO Finance for the fourth quarter and fiscal year ending Dec. 31, 2013.

Preliminary net sales for the fourth quarter of 2013 totaled $313.6 million, a growth of 7.9 percent compared with net sales of $290.5 million for the fourth quarter of 2012.

Net sales for the fourth quarter of 2013 were favorably impacted by $1.3 million due to changes in foreign currency exchange rates compared to the rates in effect in the fourth quarter of 2012.

The company said net sales for the fourth quarter of 2013 increased by 7.5 percent compared to net sales for the fourth quarter of 2012, excluding the impact of foreign exchange rate changes.

Preliminary net sales for fiscal year 2013 totaled approximately $1.175 billion, reflecting growth of 4.1 percent compared with actual net sales of $1.129 billion in fiscal year 2012.

On the basis of constant currency, excluding a $3.2 million favorable impact from changes in foreign exchange rates from the rates in effect for the full year 2012, net sales for the full year grew 3.8 percent over net sales for the full year 2012.

These sales results remain subject to adjustment as the company completes its year-end financial closing process and the annual audit of its financial results.

DJO said it intends to report its fourth quarter and full year 2013 financial results upon the completion of its annual audit in mid-February.

DJO Global Inc. is a provider of medical device solutions for musculoskeletal health, vascular health and pain management.

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