Merit Medical: Fourth Quarter Earnings Overview

Merit Medical Systems Reports Strong Fourth Quarter Results

Merit Medical Systems Inc., headquartered in South Jordan, Utah, announced a net profit of $38 million for the fourth quarter.

The company’s earnings translated to 63 cents per share. After adjusting for one-time expenses and stock-based compensation, adjusted earnings reached $1.04 per share.

These results exceeded analysts’ expectations, as the consensus from six analysts surveyed by Zacks Investment Research had anticipated earnings of 96 cents per share.

During the quarter, the manufacturer of single-use medical devices generated $393.9 million in revenue.

For the full year, Merit Medical reported a total profit of $128.5 million, or $2.13 per share, with annual revenue amounting to $1.52 billion.

Looking ahead, the company projects its earnings for the upcoming year to fall between $4.01 and $4.15 per share, with anticipated revenue ranging from $1.61 billion to $1.63 billion.