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Merit Medical Systems

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    • Healthclinicshospitalsmedical devices

    Merit Medical Systems is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company serves hospitals and clinic-based cardiologists, radiologists, neurologists, nephrologists, vascular and orthopaedic surgeons, interventional gastroenterologists and pulmonologists, physiatrists, general surgeons, thoracic surgeons, oncologists, electrophysiologists, technicians, and nurses.

    Revenue(FY, 2017)
    $727.9 M
    Market capitalization(2018-06-14)
    $2.5 B
    Type
    Public
    HQ
    South Jordan, US
    Founded
    1987
    Size (employees)
    4,150 (est)
    Website
    merit.com
    Merit Medical Systems was founded in 1987 and is headquartered in South Jordan, US
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    Key People/Management at Merit Medical Systems

    Bernard Birkett

    Bernard Birkett

    CFO
    Jason Treft

    Jason Treft

    CTO
    Joseph Pierce

    Joseph Pierce

    CIO
    Brian Lloyd

    Brian Lloyd

    Chief Legal Officer
    Fred Lampropoulos

    Fred Lampropoulos

    Chairman and Chief Executive Officer
    John Knorpp

    John Knorpp

    Chief Regulatory Affairs Officer

    Merit Medical Systems Office Locations

    Merit Medical Systems has an office in South Jordan
    South Jordan, US (HQ)
    1600 Merit Pkwy
    Show all (1)
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    Merit Medical Systems Financials and Metrics

    Merit Medical Systems Financials

    Merit Medical Systems's revenue was reported to be $727.85 m in FY, 2017
    USD

    Revenue (Q1, 2018)

    		203 m

    Gross profit (Q1, 2018)

    		88.1 m

    Gross profit margin (Q1, 2018), %

    		43.4%

    Net income (Q1, 2018)

    		5.3 m

    EBIT (Q1, 2018)

    		8.8 m

    Market capitalization (14-Jun-2018)

    		2.5 b

    Closing share price (14-Jun-2018)

    		49.6

    Cash (31-Mar-2018)

    		34.2 m

    EV

    		2.9 b
    Merit Medical Systems's current market capitalization is $2.5 b.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		449 m509.7 m542.1 m603.8 m727.9 m

    Revenue growth, %

    		14%6%11%

    Cost of goods sold

    		254.7 m284.5 m306.4 m338.8 m401.6 m

    Gross profit

    		194.4 m225.2 m235.8 m265 m326.3 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Revenue

    		119.2 m128.9 m128.8 m129.6 m138.1 m136.1 m138.1 m151.1 m157 m171.1 m186.5 m203 m

    Cost of goods sold

    		67.2 m73.2 m71.4 m74.2 m77.2 m76.9 m78 m84.2 m89.2 m95.1 m102.4 m115 m

    Gross profit

    		52 m55.6 m57.4 m55.4 m60.9 m59.2 m60.1 m66.9 m67.8 m75.9 m84.1 m88.1 m

    Gross profit Margin, %

    		44%43%45%43%44%44%44%44%43%44%45%43%
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		7.5 m7.4 m4.2 m19.2 m32.3 m

    Accounts Receivable

    		3.3 m7.5 m6.8 m5.4 m

    Inventories

    		82.4 m91.8 m106 m120.7 m155.3 m

    Current Assets

    		165.9 m192.3 m204 m243.4 m316.1 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Cash

    		9.1 m12.6 m9.4 m6.4 m9.9 m12.1 m5.9 m5.2 m10.5 m17.3 m26.5 m37.7 m34.2 m

    Accounts Receivable

    		2.5 m2.8 m4 m4.2 m5.8 m6.5 m6.6 m5.5 m4.7 m3.4 m4.9 m5.6 m

    Inventories

    		81.1 m84.7 m86.5 m92.9 m88.3 m92.7 m100.3 m110.7 m109.9 m116.9 m134.3 m136.7 m166.7 m

    Current Assets

    		162.5 m177.5 m180.1 m186 m187.9 m192.4 m194.3 m210 m220 m234.3 m272.2 m295.6 m343.8 m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		16.6 m23 m23.8 m20.1 m27.5 m

    Depreciation and Amortization

    		32.5 m35.9 m37.4 m43.8 m53.6 m

    Inventories

    		2.3 m(9.4 m)(13 m)(3.7 m)(17.8 m)

    Accounts Payable

    		(5 k)5.3 m14.8 m(6.8 m)417 k
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Net Income

    		10 m2.8 m6.5 m14.3 m5.2 m12.6 m17.4 m4.4 m11.6 m12.6 m14.8 m24.3 m5.3 m

    Depreciation and Amortization

    		23.9 m8.7 m17.6 m26.7 m9.1 m18.3 m27.7 m9.7 m19.7 m31.6 m12.8 m25.7 m15.3 m

    Inventories

    		3.2 m(2.4 m)(4.1 m)(10.6 m)3.5 m166 k(7.4 m)(2.3 m)(1.4 m)220 k844 k(2.2 m)(5.4 m)

    Accounts Payable

    		(4.1 m)(485 k)2.3 m655 k84 k5.2 m9.7 m2.4 m(5.1 m)(9 m)1 m3.7 m8.4 m
    show all
    USDY, 2018

    EV/EBIT

    		324.9 x

    EV/CFO

    		359.5 x

    Revenue/Employee

    		48.9 k
    Show all financial metrics

    Merit Medical Systems Operating Metrics

    FY, 2016

    Patents Issued

    		800

    Trademarks

    		250
    Show all operating metrics

    Merit Medical Systems Revenue Breakdown

    Embed Graph

    Merit Medical Systems revenue breakdown by business segment: 96.1% from Cardiovascular and 3.9% from Other

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    Competitors

    Xenex Disinfection Services
    Health - Private
    Luitpold Pharmaceuticals
    Health - Private
    SunLink Health Systems
    Health - Public
    Vasomedical
    Health - Public
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    Merit Medical Systems Online and Social Media Presence

    Embed Graph
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    Merit Medical Systems News and Updates

    April 25, 2018

    Merit Medical Systems' (MMSI) CEO Fred Lampropoulos on Q1 2018 Results - Earnings Call Transcript

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