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Merit Medical Systems (MMSI)
NASDAQ:MMSI
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.82Last Year’s EPS
$0.81Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 1.44%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
Merit Medical delivered strong revenue and profitability growth, alongside significant free cash flow and positive clinical trial results for WRAPSODY. However, challenges remain in the OEM segment due to supply chain issues and a decline in China sales. The strategic acquisition of Cook Medical's portfolio is expected to enhance future growth.Company Guidance
During the Merit Medical Q3 2024 earnings call, the company provided updated financial guidance for the year, highlighting strong performance metrics. Merit reported a 7.9% year-over-year constant currency revenue growth in Q3, exceeding their previous expectations of 6.4% to 7.8%. The company's non-GAAP operating profit grew by 19%, with an operating margin of 19.2%, up 175 basis points over the prior year. Non-GAAP EPS increased by 21%, surpassing expectations, and free cash flow reached $38 million in Q3, totaling over $120 million for the first nine months of 2024, a 116% increase year-over-year. For the full year, Merit anticipates GAAP revenue growth between 6.9% and 7.6%, non-GAAP EPS of $3.33 to $3.38, and at least $150 million in free cash flow. The guidance reflects contributions from recent acquisitions, including expected additional revenue of $4 million to $6 million from Cook Medical assets in late 2024.Strong Revenue Growth
Merit Medical reported total revenue of $339.8 million for Q3 2024, up 7.8% year-over-year on a GAAP basis and 7.9% on a constant currency basis.
Profitability Exceeds Expectations
Non-GAAP operating profit grew by 19%, with a non-GAAP operating margin of 19.2%, up approximately 175 basis points year-over-year.
Significant Free Cash Flow
Generated $38 million of free cash flow in Q3 2024 and over $120 million in the first 9 months, a 116% increase year-over-year.
Positive WRAPSODY Trial Results
WRAPSODY WAVE trial showed a 89.8% target lesion primary patency rate, 27 percentage points higher than the control group.
Strategic Acquisition of Cook Medical's Lead Management Portfolio
Acquired for $210 million, expected to add approximately $40 million to annual revenue starting in FY 2025.
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MMSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MMSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $94.90 | $98.66 | +3.96% |
| Aug 01, 2024 | $84.12 | $88.74 | +5.49% |
| Apr 30, 2024 | $74.10 | $76.63 | +3.41% |
| Feb 28, 2024 | $80.13 | $76.20 | -4.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Merit Medical Systems (MMSI) report earnings?
Merit Medical Systems (MMSI) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Merit Medical Systems (MMSI) earnings time?
Merit Medical Systems (MMSI) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMSI EPS forecast?
MMSI EPS forecast for the fiscal quarter 2024 (Q4) is $0.82.
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