Thursday, April 25, 5:48 PM
More on Merit Medical Systems (MMSI): Q1 misses on all counts despite a 9% rise in total sales. Net income sank Y/Y, primarily to lower gross margins, higher investments in R&D, and increased interest expense. Catheter sales +10%; custom kit and tray sales +7%; Endotek sales +6%; stand-alone device sales +2%; BioSphere sales -5%; and inflation device sales -5%. Gross margins were 41.4% of sales, compared to 46.2% of sales for the prior year period. Shares -9% AH.
Comment![Healthcare, Earnings, On the Move]
Monday, November 26, 2012, 4:23 PM
Merit Medical Systems (MMSI) acquires Thomas Medical Products from GE Healthcare (GE) for approximately $167M in cash. MMSI intends to finance the the purchase by expanding it's existing credit facility to $275M, which Wells Fargo Bank (WFC) has committed to provide in a single transaction. The company expects the acquisition to be immediately accretive to net earnings, and expects to take advantage of tax benefits with approximately $43M of net present value.
1 Comment[M&A, Healthcare]
Thursday, October 25, 2012, 6:04 PMMerit Medical Systems (MMSI): Q3 EPS of $0.20 beats by $0.03. Revenue of $95.9M (+6% Y/Y) misses by $3M. (PR)
Thursday, July 26, 2012, 7:29 PMMerit Medical (MMSI): Q2 EPS of $0.21 beats by $0.05. Revenue of $100.5M (+10.2% Y/Y) beats by $1.1M. (PR)
Tuesday, April 24, 2012, 5:58 PMMerit Medical Systems (MMSI): Q1 EPS of $0.17 beats by $0.04. Revenue of $95.6M (+10.4% Y/Y) beats by $1.5M. (PR)
Monday, April 16, 2012, 2:47 PM
Merit Medical Systems (MMSI +5.3%) is raised to Strong Buy from Outperform at Raymond James, which cites a strong lineup of new products that should drive revenue growth above the industry average. With MMSI shares down 13% YTD, the firm believes sentiment is overly negative.
Comment![Healthcare, On the Move]
Friday, February 24, 2012, 9:52 AM
Shares of Merit Medical Systems (MMSI -10.1%) drop sharply after the firm issues FY12 guidance below the estimate of analysts. The company expects EPS of $0.67-$0.72 vs. $0.88 consensus.
Comment![On the Move, Healthcare]
Thursday, February 23, 2012, 5:24 PMMerit Medical Systems (MMSI): Q4 EPS of $0.18 in-line. Revenue of $91.1M (+12.2% Y/Y) in-line. (PR)
Friday, June 17, 2011, 2:59 PM
Buyers of Merit Medical's (MMSI -3.1%) secondary are 'in the green' as the stock bounces 6% from this morning's offering. Older owners may be less pleased as the stock is solidly lower than yesterday's close.