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]
Thursday, February 21, 5:11 PMMerit Medical (MMSI): Q4 EPS of $0.15 misses by $0.04. Revenue of $102.2M (+12% Y/Y) beats by $5.03M. (PR)
Comment![Earnings, Breaking News, Healthcare]
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)
Comment![Earnings, Healthcare]
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)
Comment![Earnings]
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)
Comment![Earnings, Healthcare]
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)
Comment![Earnings, Healthcare]
Tuesday, October 4, 2011, 10:08 AM
Shares of Merit Medical Systems (MMSI +3.2%) knock out a steady gain after Piper Jaffray reiterates its Overweight rating. The company is on the fringe of opening up new markets in China and Singapore for its proprietary disposable medical devices.
Comment![On the Move, Healthcare]
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.
Comment![Healthcare]