LeMaitre Vascular (NASDAQ:LMAT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$55.8m (up 11% from 2Q 2023).

• Net income: US$11.8m (up 46% from 2Q 2023).

• Profit margin: 21% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.53 (up from US$0.36 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

LeMaitre Vascular Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for LeMaitre Vascular that you should be aware of.

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