Cantel Medical (CMN -1%) fades off a 52-week high on profit-taking today after company posted a...

|About: Cantel Medical Corporation (CMD)|By:, SA News Editor

Cantel Medical (CMN -1%) fades off a 52-week high on profit-taking today after company posted a mixed FQ2 earnings report, missing on revenue estimates. Sales hit a record however, driven by a 36% Y/Y increase from its healthcare disposables segment. Organic sales growth was 11%, about half of which was driven by distributor customers pulling forward shipments in anticipation of January 1 price increases.