Vascular Solutions (VASC) Tops Q2 EPS by 4c; Raises FY15 Guidance

Vascular Solutions (NASDAQ: VASC)
Vascular Solutions (NASDAQ: VASC) reported Q2 EPS of $0.29, $0.04 better than the analyst estimate of $0.25. Revenue for the quarter came in at $37.6 million versus the consensus estimate of $35.59 million.

Vascular Solutions sees FY2015 EPS of $1.00-$1.04, versus prior guidance of $0.93-$0.97. The company also raised FY2015 revenue guidance to $145-147 million, versus prior guidance of $140-144 million.

For Q3 VASC guided EPS to $0.24-$0.26, and revenue to $36-37 million.

“We are very pleased to report another quarter of superior financial results for Vascular Solutions,” commented Howard Root, Chief Executive Officer of Vascular Solutions. “Our progress continues to be driven by the excellent clinical performance of our products and by the solid execution by our employees and international distributor team. In the second quarter, we once again delivered above-market revenue growth across multiple product lines, both domestically and in international markets. As we maintain our strategic focus on offering multiple clinically-relevant products that meet unique physician needs often ignored in our vascular markets, we expect 2015 to mark our 12th consecutive year of double-digit percentage growth in product sales. Longer term, we have a full pipeline of new product opportunities, including our RePlas™ freeze-dried plasma development project with the U.S. Army, and our strong cash flow and balance sheet position us well to take advantage of numerous potential opportunities for distribution agreements and tuck-in acquisitions. All of these factors combined continue to make us very upbeat about our long-term outlook.”

For earnings history and earnings-related data on Vascular Solutions (VASC) click here.

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