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Dec 31, 2021

ICU Medical Q4 2021 Earnings Report

Announced fourth quarter 2021 results

Key Takeaways

ICU Medical reported Q4 2021 revenue of $340.5 million, compared to $320.5 million in the same period last year. GAAP net income for the fourth quarter of 2021 was $19.9 million, or $0.91 per diluted share, as compared to GAAP net income of $26.1 million, or $1.21 per diluted share, for the fourth quarter of 2020.

Fourth quarter revenue was $340.5 million, compared to $320.5 million in the same period last year.

GAAP gross profit for the fourth quarter of 2021 was $127.5 million, as compared to $119.9 million in the same period last year.

GAAP net income for the fourth quarter of 2021 was $19.9 million, or $0.91 per diluted share, as compared to GAAP net income of $26.1 million, or $1.21 per diluted share, for the fourth quarter of 2020.

Adjusted diluted earnings per share for the fourth quarter of 2021 was $1.82 as compared to $1.77 for the fourth quarter of 2020.

Total Revenue
$341M
Previous year: $320M
+6.3%
EPS
$1.82
Previous year: $1.77
+2.8%
Adjusted EBITDA
$64.2M
Previous year: $59.8M
+7.3%
Gross Margin
37%
Previous year: 37%
+0.0%
Gross Profit
$127M
Previous year: $120M
+6.4%
Cash and Equivalents
$553M
Previous year: $396M
+39.6%
Free Cash Flow
$60.5M
Previous year: $48.9M
+23.9%
Total Assets
$1.88B
Previous year: $1.76B
+6.6%

ICU Medical

ICU Medical

ICU Medical Revenue by Segment

Forward Guidance

For the Fiscal Year 2022, the Company expects adjusted EBITDA to be in the range of $450 million to $500 million, and adjusted diluted EPS to be in the range of $9.00 to $10.50.

Revenue & Expenses

Visualization of income flow from segment revenue to net income