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Sep 30, 2020
Merit Medical Q3 2020 Earnings Report
Merit Medical's financial performance remained stable with a slight revenue increase and improved profitability, driven by expense control and strategic initiatives.
Key Takeaways
Merit Medical reported a slight increase in worldwide revenue for Q3 2020, alongside significant growth in non-GAAP operating profit and EPS. The company is focused on enhancing efficiency and is on track with its plan to consolidate facilities and move production lines.
Worldwide revenue increased by 0.4% to $244.0 million compared to Q3 2019.
Non-GAAP EPS increased to $0.42, compared to $0.28 in Q3 2019.
GAAP operating margin improved to 0.0% from (1.2)% in Q3 2019.
The company is on track to complete the movement of more than 14 production lines and consolidate several facilities before year end.
Forward Guidance
Merit Medical updated its fiscal year 2020 revenue guidance. They estimate net revenue to be in the range of $950.0 million to $959.0 million and non-GAAP net income to be in the range of $85.5 million to $88.5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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