MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter’s reports.
Here’s a quick rundown of a few releases over the past couple days:
BD profits increase 5 percent on sales growth
Becton, Dickinson & Co. (NYSE:BDX) posted net income of $312.0 million, or $1.38 per diluted share, on sales of $1.92 billion during the three months ended March 31. That compares with profits of $297.6 million, or $1.24 per diluted share, on sales of $1.80 billion during the same period last year.
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Life Technologies posts modest gains
Life Technologies Corp. (NYSE:LIFE) posted net earnings of $93.6 million, or 50 cents per diluted share, on revenue of $895.9 million during the three months ended March 31. That compares with net earnings of $91.5 million, or 48 cents per diluted share, on revenue of $884.9 million during the same period last year.
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Illumina sales bound 32 percent
Illumina Inc. (NSDQ:ILMN) reported profits of $24.1 million, or 16 cents per diluted share, on revenue of $282.5 million during the three months ended March 31. That compares with profits of $21.2 million, or 16 cents per diluted share, on revenue of $192.1 million during the same period last year.
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Kinetic Concepts profits jump 30 percent
Kinetic Concepts Inc. (NYSE:KCI) posted a profit of $68.4 million, or 94 cents per diluted share, on sales of $501.2 million during the three months ended March 31. That compares with profits of $52.7 million, or 74 cents per diluted share, on sales of $485.8 million during the same period last year.
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MiMedx sales rise 800 percent, but losses still rise
MiMedx Group Inc. (OTC:MDXG) reported losses of $3.3 million, or 5 cents per diluted share, on revenue of $1.0 million during the three months ended March 31. That compares with losses of $3.1 million, or 6 cents per diluted share, on revenue of $114,855 during the same period last year.
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Teleflex doubles profits
Teleflex Inc. (NYSE:TFX) posted net income of $78.2 million, or 42 cents per diluted share, on sales of $388.7 million during the three months ended March 27. That compares with net income of $38.0 million, or 83 cents per diluted share, on sales of $367.3 million during the same period last year.
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Waters Corp. earnings rise over 20 percent
Waters Corp. (NYSE:WAT) posted net earnings of $95.5 million, or $1.01 per diluted share, on revenue of $427.6 million during the three months ended April 2. That compares with net earnings of $75.5 million, or 79 cents per diluted share, on revenue of $367.7 million during the same period last year.
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Urologix losses 65 percent deeper
Urologix Inc. (NSDQ:ULGX) reported a loss of $983,000, or 7 cents per diluted share, on revenue of $3.0 million during the three months ended March 31. That compares with a loss of $597,000, or 4 cents per diluted share, on revenue of $3.6 million during the same period last year.
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CTS Corp. boasts 15 percent increase for EPS
CTS Corp. (NYSE:CTS) posted a profit of $5.1 million, or 15 cents per diluted share, on sales of $151.5 million during the three months ended March 31. That compares with profits of $4.4 million, or 13 cents per diluted share, on sales of $3.52 billion during the same period last year.
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Aware Inc. revenues increase 14 percent, but profits sluggish
Aware Inc. (NSDQ:AWRE) reported net income of $590,000, or 3 cents per diluted share, on revenue of $6.4 million during the three months ended March 31. That compares with net income of $22,000, or 0 cents per diluted share, on revenue of $5.6 million in the same period last year.
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PPD profits nearly halve
PPD Inc. (NSDQ:PPDI) reported net income of $17.2 million, or 14 cents per diluted share, on revenue of $346.8 million during the three months ended March 31. That compares with net income of $37.6 million, or 32 cents per diluted share, on revenue of $383.2 million in the same period last year.
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Owens & Minor sales, profits see bump
Owens & Minor Inc. (NYSE:OMI) reported profits of $28.7 million, or 45 cents per diluted share, on sales of $2.12 billion during the three months ended March 31. That compares with profits of $27.8 million, or 44 cents per diluted share, on sales of $1.97 billion during the same period last year.
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SonoSite profits slip despite increased sales
SonoSite Inc. (NSDQ:SONO) reported a net income of $1.0 million, or 7 cents per diluted share, on sales of $71.1 million during the three months ended March 31. That compares with profits of $1.4 million, or 8 cents per diluted share, on sales of $56.0 million during the same period last year.
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EnteroMedics losses widen
EnteroMedics Inc. (NSDQ:ETRM) reported a loss of $5.1 million, or 18 cents per diluted share, on no revenue during the three months ended March 31. That compares with a loss of $4.7 million, or 66 cents per diluted share, on no revenue during the same period last year.
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