Utah Medical Products Q3 profit rises
Utah Medical Products Q3 profit rises
Overview
Medical device maker's Q3 revenue fell 12% yr/yr due to loss of major customers
Q3 net income and EPS both rose, aided by lower litigation and amortization expenses
Company completed Orion Medical Supplies acquisition, adding to Q3 sales
Outlook
Utah Medical expects 4Q 2026 replacement sales to be higher than in prior fourth quarters
Result Drivers
FILSHIE CLIP SYSTEM DECLINE - Co reported accelerated drop in worldwide Filshie Clip System sales, down 33% yr/yr in Q3
ORION MEDICAL ACQUISITION - Q3 sales included $619 from newly acquired Orion Medical Supplies, partially offsetting declines
Company press release: ID:nACS8Hxsra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| $8.62 mln |
|
Reuters Recommended Reads
Oct 22 - Sweden's XVIVO Q3 revenue beat expectations on thoracic sales
Oct 22 - Sweden's Arjo Q3 revenue beats estimates, gross margin expands
Oct 22 - Sweden's Vitrolife Q3 revenue rises on technology segment growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)