ICU Medical: Fourth Quarter Earnings Overview

ICU Medical Reports Fourth Quarter Financial Results

ICU Medical Inc., headquartered in San Clemente, California, announced a net loss of $15.7 million for its fourth quarter.

According to the company, this equates to a loss of 64 cents per share. However, after adjusting for one-time expenses and amortization, earnings stood at $1.91 per share.

These adjusted earnings surpassed analysts’ expectations, as the consensus from four Zacks Investment Research analysts had projected $1.68 per share.

The manufacturer of medical devices generated $540.7 million in revenue during the quarter. Adjusted revenue reached $535.9 million, exceeding the $529 million anticipated by three Zacks analysts.

For the full year, ICU Medical reported a profit of $732,000, or 3 cents per share, with total revenue amounting to $2.21 billion.

Looking ahead, the company forecasts its annual earnings per share to fall between $7.75 and $8.45.