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MERIT MEDICAL SYSTEMS INC (MMSI)

Income Statement Business | Geographic | Channel

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Dec-31-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   10-Q8-K10-Q10-Q10-K10-Q10-Q10-Q
Revenues:  
    Cardiovascular  288.0 286.7266.9270.2259.7272.3241.0
    International  126.2 130.3122.4121.3115.5121.6107.5
    Endoscopy  9.6 8.38.58.37.38.07.9
Total revenues  297.6293.4295.0275.4278.5267.0280.3248.9
            Revenue growth   [+]8.0%5.4%5.2%10.6%7.9%9.4%28.4%2.2%
Cost of goods sold  159.2158.9159.9154.5149.7146.5156.2137.0
Gross profit  138.4134.6135.1120.9128.8120.5124.1111.9
            Gross margin  46.5%45.9%45.8%43.9%46.3%45.1%44.3%45.0%
Selling, general and administrative   [+]90.183.285.584.076.686.591.681.0
Research and development  21.320.418.517.420.417.017.616.3
Other operating expenses  0.5-0.17.92.69.91.11.80.4
EBITDA   [+]46.9 43.737.442.836.734.235.6
            EBITDA margin  15.8%10.6%14.8%13.6%15.4%13.7%12.2%14.3%
Depreciation  8.2 8.48.38.68.48.68.9
EBITA  38.731.035.329.134.228.325.626.7
            EBITA margin  13.0%10.6%12.0%10.6%12.3%10.6%9.1%10.7%
Amortization of intangibles  12.3 12.012.212.312.412.412.5
EBIT   [+]26.431.023.316.921.915.913.214.2
            EBIT margin  8.9%10.6%7.9%6.1%7.9%6.0%4.7%5.7%
Non-recurring items   [+] 0.5 1.7  4.3 
Interest expense, net   [+]1.92.01.30.91.01.11.31.1
Other income (expense), net   [+]1.01.8-1.3-0.2-0.7-0.6-0.7-0.4
Pre-tax income  25.530.220.714.220.214.26.912.7
Income taxes  4.8-3.25.43.6-0.42.21.91.7
            Tax rate  18.8% 26.1%25.6% 15.6%28.4%13.7%
Net income  20.733.415.310.520.612.04.911.0
            Net margin  7.0%11.4%5.2%3.8%7.4%4.5%1.8%4.4%
   
Basic EPS   [+]$0.36$0.58$0.27$0.19$0.37$0.21$0.09$0.20
Diluted EPS   [+]$0.36$0.58$0.27$0.18$0.36$0.21$0.09$0.19
   
Shares outstanding (basic)   [+]57.457.156.756.656.156.356.155.7
Shares outstanding (diluted)   [+]58.258.057.657.557.457.557.357.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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