NASDAQ$LMAT

LeMaitre Vascular Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

LeMaitre Vascular's Q4 2022 financial performance was reported, showing sales growth and strategic investments in factory expansion and sales representatives.

LeMaitre Vascular reported a 4% increase in sales to $41.0 million in Q4 2022, with organic sales growth of 8%. Operating income decreased by 16% to $7.0 million, while net income declined by 9% to $5.6 million. The company announced a quarterly dividend of $0.14 per share and provided Q1 2023 sales guidance of $42.6 million to $45.0 million.

  • Sales reached $41.0 million, reflecting a 4% increase compared to Q4 2021, with organic sales up by 8%.
  • Operating income decreased by 16% to $7.0 million.
  • Net income declined by 9% to $5.6 million.
  • Earnings per diluted share decreased by 9% to $0.25.
  • Cash and investments increased by $3.0 million to $82.7 million.

Headline financials

Total Revenue

$41M

Previous: $39.5M+3.7%
EPS (adj)

$0.25

Previous: $0.28-10.7%
Net Income

$5.6M

Previous: $6.2M-9.7%
Operating Income

$7M

Previous: $8.3M-15.7%
Gross Profit

$0.00

Previous: $26M-100.0%
Cash & Equivalents

$82.7M

Previous: $70M+18.1%
Total Assets

$310M

Previous: $293M+6.0%
Stock-Based Comp

$684K

Previous: $886K-22.8%

Revenue & EPS history

LeMaitre Vascular · Revenue · Quarterly

$41M

Q4 2022+3.7%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

LeMaitre Vascular provided Q1 2023 sales guidance of $42.6 million to $45.0 million, representing an 11% increase as reported and a 13% increase organically. Operating income is projected to be between $6.0 million and $7.5 million, and EPS is expected to be between $0.22 and $0.27.

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 2022

Historical avgQ4 2022

+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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