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Dec 31, 2020

ICU Medical Q4 2020 Earnings Report

Announced fourth quarter 2020 results.

Key Takeaways

ICU Medical, Inc. reported fourth quarter revenue of $320.5 million, compared to $315.5 million in the same period last year. GAAP net income for the fourth quarter of 2020 was $26.1 million, or $1.21 per diluted share, as compared to GAAP net income of $20.6 million, or $0.96 per diluted share, for the fourth quarter of 2019.

Fourth quarter 2020 revenue was $320.5 million, compared to $315.5 million in the same period last year.

GAAP gross profit for the fourth quarter of 2020 was $119.9 million, as compared to $114.1 million in the same period last year.

GAAP net income for the fourth quarter of 2020 was $26.1 million, or $1.21 per diluted share

Adjusted diluted earnings per share for the fourth quarter of 2020 were $1.77 as compared to $1.94 for the fourth quarter of 2019.

Total Revenue
$320M
Previous year: $316M
+1.6%
EPS
$1.77
Previous year: $1.94
-8.8%
Adjusted EBITDA
$59.8M
Previous year: $60.7M
-1.5%
Gross Margin
37%
Previous year: 36%
+2.8%
Gross Profit
$120M
Previous year: $114M
+5.0%
Cash and Equivalents
$396M
Previous year: $269M
+47.4%
Free Cash Flow
$48.9M
Previous year: $24.8M
+97.1%
Total Assets
$1.76B
Previous year: $1.69B
+4.2%

ICU Medical

ICU Medical

ICU Medical Revenue by Segment

Forward Guidance

For the Fiscal Year 2021, the Company expects adjusted EBITDA to be in the range of $245 million to $265 million, and adjusted diluted EPS to be in the range of $6.50 to $7.20.

Revenue & Expenses

Visualization of income flow from segment revenue to net income