Q1 2019 worldwide revenue of $238.3 million, up 17.4% as reported over Q1 2018
Q1 2019 core revenue on a comparable, constant currency basis* up 10.0% over Q1 2018
Q1 2019 GAAP EPS was $0.11, compared to $0.10 in Q1 2018
Q1 2019 non-GAAP EPS* was $0.37, compared to $0.31 in Q1 2018
* Core revenue on a constant currency basis, non-GAAP EPS, non-GAAP net income and non-GAAP gross margin are non-GAAP financial measures. A reconciliation of these and other non-GAAP financial measures used in this release to their most directly comparable GAAP financial measures is included under the heading “Non-GAAP Financial Measures” below.
SOUTH JORDAN, UTAH - Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy, today announced revenue of $238.3 million for the quarter ended March 31, 2019, an increase of 17.4% over revenue of $203.0 million for the quarter ended March 31, 2018. Core revenue on a comparable, constant currency basis* for the first quarter of 2019 would have been up 10.0% when compared to the first quarter of 2018.
Merit’s GAAP net income for the first quarter of 2019 was $6.2 million, or $0.11 per share, compared to GAAP net income of $5.3 million, or $0.10 per share, for the first quarter of 2018. Merit’s non-GAAP net income* for the quarter ended March 31, 2019 was $20.6 million, or $0.37 per share, compared to $15.9 million, or $0.31 per share, for the quarter ended March 31, 2018.
The following information was filed by Merit Medical Systems Inc (MMSI) on Tuesday, April 23, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: MMSI CIK: 856982 Form Type:10-Q Quarterly Report Accession Number: 0000856982-19-000049 Submitted to the SEC: Fri May 03 2019 1:15:45 PM EST Accepted by the SEC: Fri May 03 2019 Period: Sunday, March 31, 2019 Industry: Surgical And Medical Instruments And Apparatus