Merit Medical Systems, Inc. Provides Earnings Guidance for the Third Quarter of 2021
July 29, 2021 at 05:00 pm EDT
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Merit Medical Systems, Inc. provided earnings guidance for the third quarter of 2021. For the quarter, the company expects total revenue in the range of $259 million to $263 million, representing growth of approximately 6% to 8% year-over-year on a GAAP basis and growth of approximately 5.3% to 7.6% year-over-year on a constant currency basis.
Merit Medical Systems, Inc. designs, develops, manufactures, markets and sells medical products for interventional and diagnostic procedures. The Company is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. Its cardiovascular segment consists of four product categories: peripheral intervention, cardiac intervention, custom procedural solutions and original equipment manufacturer. Within these product categories, it sells a variety of products, including cardiology and radiology devices, as well as embolotherapeutic, cardiac rhythm management, electrophysiology, critical care and others. Its endoscopy segment consists of gastroenterology and pulmonology devices which assist in the palliative treatment of expanding esophageal, tracheobronchial and biliary strictures caused by malignant tumors.