---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002766"
form_type: "8-K"
ticker: null
cik: "0000701288"
company_name: "ATRION CORP"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:22:28.393831+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Atrion Q1 revenue up 18% to $47.3M; EPS falls to $1.59 on inventory write-off

## Summary
- Revenue of $47.3M vs $40.0M YoY; net income $2.8M vs $3.5M; diluted EPS $1.59 vs $1.98.
- Operating income of $3.1M includes $2.3M one-time inventory write-off; excluding write-off, operating income up 22%.
- GAAP gross margin 26.1%, adjusted to 31.0% vs 37.7% due to under-absorption from halted production lines and product mix.
- Record MPS 3 console sales drove revenue growth; management expects normal production levels by Q3 2024 and improved margins.
- Cash and investments $18.7M; no debt; investment portfolio weakness also contributed to net income decline.

## SEC filing metadata
- accession: 0001171843-24-002766
- form_type: 8-K
- cik: 0000701288
- company_name: ATRION CORP
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701288/000117184324002766/0001171843-24-002766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701288/000117184324002766/f8k_051024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002766
- JSON: https://secwatch.observer/filing/0001171843-24-002766.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002766.txt

## Key facts
- Earnings Releases
  ATRION CORP reported first quarter ended March 31, 2024 results: revenue $47.3 million, net income $2.8 million, EPS $1.59.
  - Period: first quarter ended March 31, 2024
  - Revenue: $47.3 million
  - Net income: $2.8 million
  - EPS: $1.59
  - Result: reported results
  source text: Atrion Reports First Quarter 2024 Results ALLEN, Texas, May 10, 2024 (GLOBE NEWSWIRE) -- Atrion Corporation (NASDAQ: ATRI) today announced its results for the first quarter ended March 31, 2024. Revenues for the first quarter of 2024 totaled $47.3 million compared to $40.0 million for the same period in 2023. For the just ended quarter, operating income was $3.1 million, down $1.3 million from the comparable 2023 period, primarily due to a one-time inventory write-off, and net income was $2.8 million, down $0.7 million from the same period in 2023. First quarter 2024 diluted earnings per share were $1.59 compared to $1.98 for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701288/000117184324002766/0001171843-24-002766-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.