Symmetry Surgical, a subsidiary of orthopedic implants and
Symmetry Medical, Inc.
), launched its FlashPak Evolution valve at the 60th Congress of
the Association of periOperative Registered Nurses (AORN) in San
Symmetry acquired the FlashPak product portfolio with the
acquisition of Riley Medical Inc. in 2006. The FlashPak is a
closed container system used to carry flashed instruments that
require immediate sterilization during operating room emergency.
The latest addition to the market-leading FlashPak family, the
Evolution valve, is easy to use and requires minimal maintenance,
thereby enhancing operating room efficiency.
The company also launched the Bookwalter Self-Retaining Rotilt
Ratchet at the AORN. The device is a part of the Bookwalter
product line, which in turn forms a part of the Symmetry Surgical
Since Symmetry Medical's core Original Equipment Manufacturer
("OEM") Solutions business is facing declining capital spending,
as well as procedural and pricing pressure from the weak global
orthopedic market, the company is focused on expanding its
smaller Symmetry Surgical business.
In the fourth quarter of 2012, revenues from the smaller
Symmetry Surgical unit jumped 154% to $28.5 million, buoyed by
the acquisition of Codman & Shurtleff, Inc., which
contributed roughly $13.1 million to the division's sales.
Revenues also include a one-time purchase of an OEM Solutions
client worth $2.9 million. Excluding the acquisition and the
one-time purchase, sales increased 10.4% year over year in the
However, the company currently has a Zacks Rank #4 (Sell), as
both revenues and earnings missed the Zacks Consensus Estimates
in the fourth quarter of 2012. While we remain pessimistic
regarding Symmetry, companies such as
PLC Systems Inc.
), each carrying a Zacks Rank #1 (Strong Buy), warrant a
CYBERONICS INC (CYBX): Free Stock Analysis
NUVASIVE INC (NUVA): Free Stock Analysis
PLC SYSTEMS INC (PLCSF): Get Free Report
SYMMETRY MEDICL (SMA): Free Stock Analysis
To read this article on Zacks.com click here.