earnings
confidence high
sentiment positive
materiality 0.65
UTMD Q1 2023: NI +19.2% to $4.2M, EPS $1.16; OUS sales +23%; cash $80.9M
UTAH MEDICAL PRODUCTS INC
2023-Q1 EPS reported
$1.16
revenue$12,520,000
- Consolidated sales $12.5M, up 1.6% YoY; OUS sales up 23% (28% constant currency), domestic down 10%.
- Operating income margin 35.5% (down from 36.7%) due to $348K higher litigation expenses.
- Net income $4.2M, EPS $1.16 vs $0.96; NI margin 33.7% vs 28.7%.
- Cash and investments $80.9M, up $5.9M from Dec 31, 2022; no debt.
- Management reaffirms FY2023 objectives; regular quarterly dividend $0.295/share paid in Q1.