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Merit Medical Systems (MMSI)
NASDAQ:MMSI
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.77Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -3.59%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant revenue growth and profitability increases, successful acquisitions, and strong free cash flow. However, challenges in international sales, particularly in the EMEA and China regions, as well as increased operating expenses and tariff uncertainties, were noted.Company Guidance
During the Merit Medical Systems Fourth Quarter 2024 Earnings Conference Call, the company reported a total revenue of $355.2 million for the fourth quarter, reflecting a 9% year-over-year increase on a GAAP basis and a 10% increase on a constant currency basis. The company exceeded their growth expectations, which were initially set between 6% to 9% year-over-year for constant currency revenue. Notably, the company achieved a non-GAAP operating profit growth of 30% and a non-GAAP operating margin of 19.6% of sales, representing an increase of approximately 305 basis points year-over-year. Additionally, the company delivered a 26% growth in non-GAAP earnings per share, surpassing the high end of their expectations. Merit Medical also highlighted a record non-GAAP gross margin of 51.7% and generated more than $185 million in free cash flow, marking a 67% year-over-year increase. For fiscal year 2025, the company provided guidance with GAAP net revenue growth projected between 8% to 10% year-over-year, and constant currency revenue growth expected in the range of 8.6% to 10.1%. The company anticipates a non-GAAP diluted earnings per share growth of 4% to 7% year-over-year and plans to generate at least $150 million in free cash flow for the year.Strong Revenue Growth
Fourth quarter revenue of $355.2 million, up 9% year-over-year on a GAAP basis and up 10% on a constant currency basis, exceeding expectations.
Record Profitability
Non-GAAP operating profit growth of 30% and operating margin of 19.6%, up 305 basis points year-over-year.
Significant Free Cash Flow
Generated more than $185 million in free cash flow for the year, up 67% from 2023.
Strong Segment Performance
Cardiovascular segment grew by 8% and Endoscopy by 88%. Peripheral Intervention products sales increased by 5.5%.
Successful Integrations
Completed integrations of EndoGastric Solutions and Cook Medical acquisitions ahead of schedule.
Positive Guidance for 2025
Guidance for 2025 includes GAAP net revenue growth of 8% to 10% and a non-GAAP EPS increase of 4% to 7%.
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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 |
|---|---|---|---|
| Feb 25, 2025 | $102.03 | $100.45 | -1.55% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Merit Medical Systems (MMSI) earnings time?
Merit Medical Systems (MMSI) earnings time is at Apr 24, 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 2025 (Q1) is 0.75.
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