NASDAQ$ICUI

ICU Medical Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended March 31, 2022.

ICU Medical's first quarter 2022 revenue was $543.1 million, a significant increase from $318.0 million in the same period last year, primarily due to the acquisition of Smiths Medical. However, the company reported a GAAP net loss of $(38.1) million, or $(1.61) per diluted share, compared to a net income of $23.7 million, or $1.09 per diluted share, for the first quarter of 2021.

  • First quarter revenue reached $543.1 million, up from $318.0 million year-over-year.
  • GAAP gross profit was $168.8 million, compared to $112.7 million in the same period last year.
  • GAAP net loss was $(38.1) million, or $(1.61) per diluted share, a decrease from net income of $23.7 million, or $1.09 per diluted share, in the first quarter of 2021.
  • Adjusted diluted earnings per share was $1.82, compared to $1.62 for the first quarter of 2021.

Headline financials

Total Revenue

$543M

Previous: $318M+70.8%
EPS (adj)

$1.82

Previous: $1.62+12.3%
Adjusted EBITDA

$84.9M

Previous: $57.8M+47.0%
GAAP Gross Margin

31.0%

Previous: 35.0%-11.4%
Capital Expenditures

-$23.6M

Previous: -$14M-68.3%
Free Cash Flow

-$61.7M

Previous: $9.7M-735.6%
Net Income

-$38.1M

Previous: $23.7M-260.4%
Operating Income

-$42.2M

Previous: $26.6M-258.7%
Gross Profit

$169M

Previous: $113M+49.8%
Cash & Equivalents

$329M

Previous: $424M-22.4%
Total Assets

$4.75B

Previous: $1.77B+168.9%
Stock-Based Comp

$12.1M

Previous: $6.02M+100.8%

Revenue & EPS history

ICU Medical · Revenue · Quarterly

$543M

Q1 2022+70.8%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

ICU Medical · $228M total across 2 segments · Q1 2022

  • Consumables
    $141M+11.2%
  • Infusion Systems
    $87M+3.2%

Forward guidance

This press release contains forward-looking statements, and actual results and events could differ materially from those projected due to various risks and uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.3%

Avg return

30 days after

52%

38 / 73 earnings

Positive

+22.4%

Q2 2024

Best reaction

-33.3%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-0.8%+10.7%
Q4 2025+4.8%+3.6%-16.3%
Q3 2025+8.2%+7.3%+9.9%
Q1 2025-3.3%-4.9%-6.9%
Q4 2024-2.3%-4.1%-6.4%
Q3 2024-1.9%-5.8%-7.1%
Q2 2024+22.4%+19.7%+31.2%
Q1 2024-0.1%+6.3%+7.6%
Q4 2023+6.5%-0.2%+1.6%
Q3 2023-17.8%-20.2%-15.9%
Q2 2023-15.2%-15.6%-16.8%
Q1 2023+13.3%+8.7%+3.9%
Q4 2022-3.6%-4.2%-7.3%
Q3 2022+6.7%+21.4%+11.8%
Q2 2022-7.4%-4.7%-8.0%
Q1 2022-10.4%-15.0%-14.9%
Q4 2021+5.8%+9.0%+4.3%
Q3 2021+2.1%+2.7%-6.4%
Q2 2021+0.7%+1.2%+6.1%
Q1 2021-5.0%-6.5%-2.1%
Q4 2020-5.5%-6.8%-4.4%
Q3 2020+0.6%+4.8%+5.6%
Q2 2020+8.8%+5.0%+9.8%
Q1 2020-8.8%-13.7%-8.0%
Q4 2019-4.2%-4.8%-8.2%
Q3 2019+6.9%+4.3%+6.8%
Q2 2019-33.3%-31.2%-36.6%
Q1 2019-2.7%-3.3%-2.2%
Q4 2018+2.5%-4.9%-2.8%
Q3 2018-10.6%-14.8%-10.6%
Q2 2018+2.2%+2.4%+3.7%
Q1 2018+1.4%+4.3%+12.4%
Q4 2017+4.6%+7.5%+9.1%
Q3 2017+8.6%+10.1%+11.7%
Q2 2017-2.9%-2.4%+3.4%
Q1 2017-0.2%-0.1%+6.2%
Q4 2016+0.7%-1.0%+1.5%
Q3 2016-0.4%-0.9%+2.5%
Q2 2016+7.5%+6.1%+8.6%
Q1 2016-1.0%
Q4 2015-8.7%
Q3 2015+5.8%
Q2 2015+19.9%
Q1 2015+7.3%
Q4 2014+2.2%
Q3 2014+13.6%
Q2 2014+10.5%
Q1 2014+3.3%
Q4 2013+0.1%
Q3 2013+3.0%
Q2 2013-6.7%
Q1 2013+1.3%
Q4 2012+1.1%
Q3 2012+3.7%
Q2 2012-0.2%
Q1 2012+0.8%
Q4 2011+1.9%
Q3 2011+0.2%
Q2 2011-3.9%
Q1 2011+2.2%
Q4 2010+0.1%
Q3 2010-0.9%
Q2 2010+3.4%
Q1 2010-1.0%
Q4 2007-1.0%
Q4 2009-1.0%
Q3 2009-0.8%
Q3 2008-0.8%
Q2 2009-0.6%
Q2 2008-3.9%
Q1 2009-3.9%
Q4 2008-3.9%
Q1 2008-3.9%

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