M&A
confidence high
sentiment negative
materiality 0.80
ICU Medical files Smiths Medical FY2021 audited financials; operating profit down 88% to $16M
ICU MEDICAL INC/DE
- Smiths Medical revenue $1,153M in FY2021, flat vs $1,159M prior year.
- Operating profit fell to $16M from $129M; includes $83M impairment charge.
- Net profit $66M vs $173M prior year; net assets $1,719M.
- Acquisition closed Jan 6, 2022 for $1.9B cash, 2.5M ICU shares, and up to $100M earn-out.