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July 27, 2021

Boston Scientific profits up 212%

Photo | Grant Welker Boston Scientific headquarters in Marlborough

Boston Scientific reported $172 million in profits during the company’s second quarter, continuing a positive financial trend following a $328-million profit reported in the company’s first quarter.

That $172 million in net income is a significant improvement from the second quarter of 2020, when the Marlborough company reported a loss of $153 million, an improvement of 212%. 

"We delivered excellent results this quarter, with strong momentum throughout our portfolio and faster-than-market growth in most segments, fueled by our team's dedication to customers and patients all over the world," said Mike Mahoney, chairman and CEO, in a statement.

At the same time, Boston Scientific reported $3.077 billion in sales for the second quarter of 2021, compared to $2.003 during the same quarter a year prior, a 54% increase. 

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