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Mar 31, 2020
LeMaitre Vascular Q1 2020 Earnings Report
Reported record sales, operating income decreased, and announced a quarterly dividend.
Key Takeaways
LeMaitre Vascular reported record sales of $30.6 million, a 7% increase year-over-year, but experienced a decrease in operating income and net income. The company also announced a quarterly dividend of $0.095 per share.
Record sales of $30.6 million, a 7% increase compared to Q1 2019, but a 1% decrease organically.
Operating income decreased by 2% to $4.4 million.
Net income decreased by 10% to $3.2 million.
Earnings per diluted share decreased by 11% to $0.16.
Revenue by Geographic Location
Forward Guidance
The Company withdrew its guidance for the full year 2020 due to the unpredictable magnitude and duration of the COVID-19 pandemic and the timing of possible global economic recovery.
Challenges Ahead
- COVID-19 began to affect sales in mid-March.
- Expect results to be impacted for the balance of 2020.
- The company is unable to estimate the overall impacts on its financial results for the remainder of 2020.
- Reduced headcount and temporarily cut base salaries.
- Implemented social-distancing in our four factories.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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