Merit Medical Systems Inc (OQ:MMSI)

Business Focus: Medical Equipment, Supplies & Distribution

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
See Regulatory Filings on SEC
Company Contact
Address: 1600 West Merit Park Way
Tel: 1-44-32130509
IR: See website
Key People
Fred P. Lampropoulos
Chairman of the Board, President, Chief Executive Officer
Raul Parra
Chief Financial Officer, Treasurer
Neil Peterson
Chief Operating Officer
Michel J. Voigt
Chief Human Resource Officer
Joseph C. Wright
Chief Commercial Officer
Brian G. Lloyd
Chief Legal Officer, Corporate Secretary
Business Overview
Merit Medical Systems, Inc. is a manufacturer and marketer of medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. Its cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, breast cancer localization and guidance, biopsy, interventional oncology and spine devices. Its endoscopy segment consists of gastroenterology and pulmonology devices which assist in the palliative treatment of expanding esophageal, tracheobronchial and biliary strictures caused by malignant tumors. It offers products in five product categories: peripheral intervention, cardiac intervention, custom procedural solutions, original equipment manufacturer (OEM) and endoscopy.
Financial Overview
For the three months ended 31 March 2023, Merit Medical Systems Inc revenues increased 8% to $297.6M. Net income increased 96% to $20.7M. Revenues reflect Cardiovascular segment increase of 8% to $288M, Endoscopy segment increase of 13% to $9.6M, United States segment increase of 12% to $171.4M, International segment increase of 3% to $126.2M. Net income benefited from Cardiovascular segment income increase of 82% to $23.9M.
Employees: 6,846 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $4,989M as of Mar 31, 2023
Annual revenue (TTM): $1,173M as of Mar 31, 2023
EBITDA (TTM): $181.14M as of Mar 31, 2023
Net annual income (TTM): $84.67M as of Mar 31, 2023
Free cash flow (TTM): $68.54M as of Mar 31, 2023
Net Debt Last Fiscal Year: $139.73M as of Mar 31, 2023
Shares outstanding: 57,493,643 as of Apr 26, 2023
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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