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Home » LeMaitre profits up 86% in Q1 results

LeMaitre profits up 86% in Q1 results

April 30, 2021 By Danielle Kirsh

lemaitre-vascular-logo-newLeMaitre Vascular (NSDQ:LMAT) posted first-quarter results yesterday that beat the consensus on Wall Street.

The company reported profits of $5.9 million, or 28¢ per share, on sales of $35.8 million, for the three months ended March 31, for a bottom-line gain of 86.8% sales growth of 17.45% compared with Q1 2020.

Earnings per share were 28¢∞, 1¢ ahead of The Street, where analysts were looking for sales of $35.2 million.

“Double-digit sales growth and restrained expenses enabled 83% bottom-line growth. And our 22% op. margin enabled us to improve the balance sheet,” CEO George LeMaitre said in a news release.

LeMaitre did not provide a financial outlook for the remainder of the fiscal year.

Shares in LMAT were down -0.2% to $53.86 apiece at a market close yesterday and were at a standstill this morning.

Filed Under: Business/Financial News, Catheters, MassDevice Earnings Roundup, Wall Street Beat Tagged With: LeMaitre Vascular

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About Danielle Kirsh

Danielle Kirsh is an award-winning journalist and senior editor for Medical Design & Outsourcing, MassDevice, and Medical Tubing + Extrusion, and the founder of Women in Medtech and lead editor for Big 100. She received her bachelor's degree in broadcast journalism and mass communication from Norfolk State University and is pursuing her master's in global strategic communications at the University of Florida. You can connect with her on Twitter and LinkedIn, or email her at [email protected].

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