NuVasive Reiterates 2015 Guidance; Reports Long-Term Goals

(RTTNews) - NuVasive, Inc. (NUVA) reiterated its 2015 full year financial performance guidance. The company expects full year 2015 revenue of approximately $810.0 million, which includes an approximate $13.0 million of currency headwinds, and non-GAAP operating profit margin of approximately 15.2%, an increase of approximately 380 basis points compared to 2014.

For the full year 2016, NuVasive expects revenue will grow to approximately $870 million and non-GAAP operating profit margin expansion of approximately 100 basis points compared to 2015.

The company's long-term financial goals include: constant currency organic revenue growth in the mid to high single-digit range with a near doubling of revenue contribution from its International business; non-GAAP operating profit margin expansion of approximately 1,000 basis points; adjusted EBITDA margin expansion of approximately 660 basis points; significant reduction of effective tax rate; and enhancing free cash flow to approach a compounded annual growth rate of approximately 25%.