earnings
confidence high
sentiment positive
materiality 0.80
Merit Medical Q4 revenue $324.5M up 10.6%; non-GAAP EPS $0.81; issues FY2024 guidance and 3-year targets
MERIT MEDICAL SYSTEMS INC
2023-FY EPS reported
$1.62
revenue$1,257,366,000
- Q4 revenue $324.5M, +10.6% YoY; constant currency organic revenue +8.3%.
- GAAP EPS $0.47 (vs $0.58); non-GAAP EPS $0.81 (vs $0.79).
- Non-GAAP operating margin 18.2%, up from 17.8% in Q4 2022.
- Issued FY2024 financial guidance (details not provided in excerpts).
- Three-year targets: revenue CAGR 5-7% organic; op margin 20-22% by 2026; FCF >=$400M cumulative.