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LeMaitre Vascular Announces Preliminary Q3 2018 Results

LEMAITRE VASCULAR (LMAT)  More Company Research Source: GlobeNewswire
Last lemaitre vascular earnings: 7/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: lemaitre.gcs-web.com/investor-relations
PDF BURLINGTON, Mass., Oct. 04, 2018 (GLOBE NEWSWIRE) -- LeMaitre Vascular, Inc. (Nasdaq:LMAT), a provider of vascular devices, implants and services, announced today Q3 2018 preliminary unaudited results, provided Q4 2018 and updated full year 2018 guidance, and announced a $0.07/share dividend. Q3 2018 Preliminary Results Sales of $24.2mm vs. $24.8mm in Q3 2017 (-3% reported, +1% organic)Gross margin of 71.4% vs. 70.8%Operating income of $4.6mm vs. $5.1mm, (-9%)Operating margin of 19% versus 20%Net income of $4.3mm vs. $5.0mm, (-14%)Earnings of $0.21 per diluted share vs. $0.25, (-15%)EBITDA of $5.5mm vs. $6.0mm, (-8%)XenoSure sales of $5.7mm vs. $5.4mm (+6% reported, +7% organic)              On an organic basis, sales in the Americas were up 2% in Q3 2018 vs. Q3 2017, flat in Europe and down 5% in Asia-Pac Rim. Product growth in the quarter was driven by XenoSure and carotid shunts.  The decline in reported sales was due in part to the April 2018 divestiture of the Reddick genera [Read more]

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