Merit Medical Systems (MMSI) Tops Q2 EPS by 3c; Raises Outlook
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Merit Medical Reports Record Revenues for Second Quarter of 2018; Merit Adjusts 2018 Guidance
July 23, 2018 4:01 PM EDTQ2 2018 worldwide revenue of $224.8 million ($221.2 million on a comparable, constant currency* basis), up 20.5% as reported (up 18.6% on a comparable, constant currency* basis) over Q2 2017Q2 2018 core revenue* up 11.7% over Q2 2017 core revenue* (core revenue* up 9.8% on a comparable, constant currency* basis)Q2 2018 GAAP EPS was $0.21, compared to $0.19 in Q2 2017; Q2 2018 non-GAAP EPS* was $0.43, compared to $0.36 in Q2 2017Q2 2018 GAAP gross margin was 44.5%, compared to 45.1% in Q2 2017; Q2 2018 non-GAAP gross margin* was 48.9%, compared to 48.3% for Q2 2017Q2 2018 non-GAAP gross margin* was up 140 basis points compared to Q1 2018
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