Globus Medical earned a net income of $21.1 million in the first quarter of 2014, up from $19.8 million during the same period last year.
The company also reported its sales in Q1 were $114.2 million, up from $105 million reported in the same period last year. The company reported a gross profit of $88.9 million.
"We are pleased with our results this quarter, having executed well on both the top and bottom lines while delivering strong cash flow. With the launch of five new products this quarter we have the momentum to maintain and expand our industry leading product portfolio," said David Paul, chairman and CEO, in a press release.
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