NASDAQ$LMAT

LeMaitre Vascular Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

LeMaitre Vascular reported record sales and healthy bottom-line results driven by sales growth across all regions and expense control.

LeMaitre Vascular reported Q4 2020 results with sales growth in the Americas, Asia/Pac, and Europe/Middle East/Africa. The three recent acquisitions (Artegraft, CardioCel and Eze-Sit) led growth in Q4 2020. Gross margin decreased to 65.0% due to recent acquisitions and factory transitions. Operating expenses decreased 1% due to COVID-related cost-cuts as well as reduced travel and surgeon congresses.

  • Posted sales growth in the Americas (+35%), Asia/Pac (+12%) and Europe/Middle East/Africa (+9%).
  • The three recent acquisitions (Artegraft, CardioCel and Eze-Sit) led growth in Q4 2020.
  • Biologic grafts, valvulotomes and embolectomy catheters drove sales.
  • Gross margin decreased to 65.0% in Q4 2020 (vs. 66.0% in Q4 2019) primarily due to recent acquisitions and factory transitions.

Headline financials

Total Revenue

$37.5M

Previous: $30.2M+24.5%
EPS (adj)

$0.34

Previous: $0.23+47.8%
Net Income

$7.03M

Previous: $4.6M+52.9%
Operating Income

$9.55M

Previous: $4.9M+94.8%
Gross Profit

$24.4M

Previous: $19.9M+22.4%
Cash & Equivalents

$26.8M

Previous: $19.8M+34.9%
Total Assets

$253M

Previous: $188M+34.2%
Stock-Based Comp

$753K

Previous: $547K+37.7%

Revenue & EPS history

LeMaitre Vascular · Revenue · Quarterly

$37.5M

Q4 2020+24.5%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Tailwinds

  • $33.8mm - $36.8mm (Midpoint:+16%)
  • $6.8mm - $8.8mm (Midpoint:+79%)
  • $0.24 - $0.31 (Midpoint: +78%)

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 Q4 2020

Historical avgQ4 2020

+1.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.5%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+24.3%

Q1 2017

Best reaction

-22.1%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-9.3%-15.7%
Q4 2025+24.2%+18.0%+16.7%
Q3 2025+1.4%+5.1%-1.2%
Q1 2025-13.0%-9.6%-8.9%
Q4 2024-8.1%-12.9%-16.9%
Q3 2024+6.5%+10.8%+20.1%
Q2 2024-2.2%-5.8%+3.9%
Q1 2024+11.1%+13.7%+18.1%
Q4 2023+15.2%+9.5%+7.6%
Q3 2023-4.0%+1.3%+10.8%
Q2 2023+2.3%-10.1%-8.6%
Q1 2023+15.4%+23.6%+17.1%
Q4 2022+6.2%+3.7%+5.2%
Q3 2022-19.6%-17.4%-11.5%
Q2 2022+4.7%+7.1%+3.8%
Q1 2022-2.9%-0.2%+2.6%
Q4 2021+6.2%+9.1%+3.0%
Q3 2021-5.2%-3.9%-11.2%
Q2 2021-0.5%+2.3%+2.9%
Q1 2021-2.8%-4.9%-5.1%
Q4 2020+7.8%+7.8%-2.0%
Q3 2020-1.7%+5.6%+19.8%
Q2 2020+13.3%+4.4%+3.9%
Q1 2020-14.1%-14.9%-12.4%
Q4 2019-20.1%-20.0%-23.6%
Q3 2019-1.5%+0.8%+1.8%
Q2 2019+0.8%+1.0%-4.4%
Q1 2019-8.2%-4.1%-10.6%
Q4 2018+22.3%+18.0%+24.3%
Q3 2018-22.1%-27.3%-25.8%
Q2 2018-7.1%-3.6%-4.5%
Q1 2018-16.6%-18.9%-16.2%
Q4 2017+1.6%+0.4%+0.9%
Q3 2017-17.7%-15.7%-8.2%
Q2 2017+17.4%+19.2%+17.9%
Q1 2017+24.3%+18.5%+17.9%
Q4 2016-6.9%-6.8%+1.3%
Q3 2016+9.4%+8.6%+24.9%
Q2 2016+15.1%+24.1%+21.4%
Q1 2016-1.4%
Q4 2015+18.5%
Q3 2015+11.0%
Q2 2015+14.0%
Q1 2015+0.0%
Q4 2014+2.2%
Q3 2014+3.0%
Q2 2014+3.5%
Q1 2014+4.6%
Q4 2013-2.2%
Q3 2013-1.4%
Q2 2013+1.2%
Q1 2013+1.5%
Q4 2012+3.3%
Q3 2012-0.6%
Q2 2012+1.6%
Q1 2012+0.3%
Q4 2009-1.2%
Q4 2011-1.2%
Q3 2010-1.9%
Q3 2011-1.9%
Q4 2010+0.1%
Q2 2011+0.1%
Q2 2010+0.1%
Q1 2011-1.1%
Q1 2010-3.8%

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