earnings
confidence high
sentiment neutral
materiality 0.70
LeMaitre Q1 sales $39.6M (+13% organic), EPS $0.27; guides FY $160-164M, closes French factory
LEMAITRE VASCULAR INC
2022-Q1 EPS reported
$0.27
revenue$39,561,000
- Q1 sales $39.6M, +10% YoY (+13% organic); net income $6.0M, +2%; EPS $0.27, -4%.
- FY 2022 guidance: sales $160-164M (+5%/+8% org), EPS $1.10-$1.20; lowered due to stronger USD.
- Quarterly dividend $0.125/share, payable June 2, 2022 to shareholders of record May 17, 2022.
- Committed to close St. Etienne, France factory by June 30, 2022; ~$3.1M special charges in 2022, ~$1M annual op income benefit from 2023.
- Agreed to buy out Korean distributor JiSang for $540k; direct-to-hospital in Korea starting January 2023.