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Sep 30, 2021

ICU Medical Q3 2021 Earnings Report

Reported third quarter results generally in line with expectations.

Key Takeaways

ICU Medical announced financial results for the quarter ended September 30, 2021, with revenue of $336.1 million, GAAP gross profit of $127.8 million, and GAAP net income of $31.1 million, or $1.43 per diluted share.

Third quarter revenue was $336.1 million, compared to $318.6 million in the same period last year.

GAAP gross profit for the third quarter of 2021 was $127.8 million, as compared to $113.9 million in the same period last year.

GAAP net income for the third quarter of 2021 was $31.1 million, or $1.43 per diluted share, as compared to GAAP net income of $25.0 million, or $1.16 per diluted share, for the third quarter of 2020.

Adjusted diluted earnings per share for the third quarter of 2021 were $2.07 as compared to $1.90 for the third quarter of 2020.

Total Revenue
$336M
Previous year: $319M
+5.5%
EPS
$2.07
Previous year: $1.9
+8.9%
Adjusted EBITDA
$71.9M
Previous year: $62.2M
+15.6%
Gross Margin
38%
Previous year: 36%
+5.6%
Gross Profit
$128M
Previous year: $114M
+12.2%
Cash and Equivalents
$519M
Previous year: $351M
+48.0%
Free Cash Flow
$62.1M
Previous year: $51.6M
+20.2%
Total Assets
$1.84B
Previous year: $1.73B
+6.3%

ICU Medical

ICU Medical

ICU Medical Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income