NASDAQ$LMAT
LeMaitre Vascular Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported a strong Q4 2023 with significant sales growth and margin improvement.
LeMaitre Vascular reported a 19% increase in sales, reaching $48.9 million, and a gross margin of 68.1%, up 450 bps. Operating income grew by 46% to $10.2 million, and net income increased by 50% to $8.5 million. Earnings per diluted share rose by 49% to $0.38.
- Sales increased by 19% to $48.9 million, with organic growth of 14% compared to Q4 2022.
- Gross margin improved to 68.1%, a 450 bps increase, driven by higher average selling prices and manufacturing efficiencies.
- Operating income grew by 46% to $10.2 million, while operating expenses increased by 21% due to higher sales commissions and regulatory costs.
- Net income rose by 50% to $8.5 million, and earnings per diluted share increased by 49% to $0.38.
Headline financials
Revenue & EPS history
LeMaitre Vascular · Revenue · Quarterly
$48.9M
Forward guidance
LeMaitre provided guidance for Q1 2024 and full year 2024, projecting sales growth and operating margin improvement.
Tailwinds
- Q1 2024 sales are expected to be between $50.5 million and $52.9 million, representing approximately 10% growth.
- Full year 2024 sales are projected to be between $209.7 million and $214.3 million, indicating around 10% growth.
- Gross margin is anticipated to be 68.5% for Q1 2024 and 68.0% for the full year 2024.
- Q1 2024 operating income is forecasted to be between $9.7 million and $11.3 million, a 33% increase.
- Full year 2024 operating income is projected to be between $43.4 million and $46.5 million, a 22% increase.
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 2023
+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
| Quarter | Report date | Reaction (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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