Edition:
India

Merit Medical Systems Inc (MMSI.OQ)

MMSI.OQ on NASDAQ Stock Exchange Global Select Market

45.85USD
21 Feb 2018
Change (% chg)

-- (--)
Prev Close
$45.85
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
83,679
52-wk High
$48.10
52-wk Low
$27.65

Latest Key Developments (Source: Significant Developments)

Merit Medical Entered Into Third Amendment To Second Amended & Restated Credit Agreement & Incremental Increase Agreement
Saturday, 16 Dec 2017 

Dec 15 (Reuters) - Merit Medical Systems Inc ::MERIT MEDICAL SYSTEMS - ON DEC 13, MERIT ENTERED INTO THIRD AMENDMENT TO SECOND AMENDED & RESTATED CREDIT AGREEMENT & INCREMENTAL INCREASE AGREEMENT.MERIT MEDICAL SYSTEMS - AMENDMENT AMENDS CREDIT AGREEMENT BY INCREASING REVOLVING LOAN CREDIT COMMITMENT OF LENDERS UNDER CREDIT AGREEMENT BY $100 MILLION.  Full Article

Merit Medical signs purchase agreement with BD for divestment assets
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Merit Medical Systems Inc ::Merit Medical signs purchase agreement with BD for divestment assets.Merit Medical Systems Inc - ‍purchase price for product lines and related assets to be acquired is $100 million​.Merit Medical Systems Inc - ‍purchase price for product lines and related assets to be acquired is $100 million​.Merit Medical Systems- ‍intends to finance acquisition at closing through borrowings which are currently available under its revolving credit facility​.Merit Medical Systems Inc - ‍transaction is also expected to expand operating margins and increase cash flow​.Merit - ‍has signed asset purchase agreement with bd to acquire certain assets which bd proposes to sell in connection with acquisition of C.R. Bard​.Merit Medical Systems Inc - ‍transaction is expected to be accretive to both GAAP and non-GAAP earnings in 2018 for Merit's shareholders​.Merit Medical Systems Inc - ‍expects acquisition to provide $0.10-$0.19 in adjusted non-GAAP earnings per share accretion in fiscal year 2018​.Merit Medical Systems Inc - ‍ expects deal to be accretive by 50-120 basis points to co's adjusted gross margins over a period of six to twelve months​.  Full Article

Merit Medical reports Q3 loss per share $0.07
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Merit Medical Systems Inc :Merit Medical reports results for third quarter 2017.Q3 non-gaap earnings per share $0.32.Q3 gaap loss per share $0.07.Q3 revenue $179.3 million versus I/B/E/S view $181.3 million.Q3 earnings per share view $0.30 -- Thomson Reuters I/B/E/S.Merit Medical Systems Inc - ‍merit is updating its 2017 gaap eps guidance​.Merit Medical Systems Inc - sees ‍2017 gaap eps in range of $0.55 - $0.61​.Merit Medical Systems Inc - ‍reaffirms its guidance previously issued for year ended december 31, 2017 of revenues in range of $722 - $727 million​.Fy2017 earnings per share view $1.26, revenue view $725.5 million -- Thomson Reuters I/B/E/S.  Full Article

ITL Ltd sells Custom Pack business to Merit Medical Systems
Tuesday, 3 Oct 2017 

Oct 3 (Reuters) - ITL Ltd ::Sale of Custom Pack business for $14.4m.Announces sale of Australian Custom Pack business unit to Merit Medical Systems, Inc for $14.4 mln​.Financial implications of sale include profit on sale of about $10mln, reduction of $12.3m in sales or 35% of total group sales of $34.8m in FY17‍​.  Full Article

Merit Medical reports sales up 9.4% for the quarter ended June 30, 2016
Thursday, 28 Jul 2016 

Merit Medical Systems Inc : During upcoming quarters, we expect to complete restructuring and integration of DFINE operations . "We anticipate that we will introduce two new hero products during Q3" . Merit medical reports sales up 9.4% for the quarter ended June 30, 2016 . Q2 Non-GAAP earnings per share $0.26 . Q2 GAAP earnings per share $0.16 . Q2 revenue $151.1 million versus I/B/E/S view $147.8 million .Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.  Full Article

Merit Medical acquires DFINE for $97.5 mln
Wednesday, 6 Jul 2016 

Merit Medical : Merit medical acquires DFINE, Inc. . Deal for approximately $97.5 million . Says effect of DFINE acquisition on Merit's non-GAAP earnings for balance of 2016 is expected to be neutral . Deal will increase its gross margin by about 80 basis points on a non-GAAP basis and 55 basis points on a GAAP basis . Merit medical systems inc says deal financed by a group of banks led by Wells Fargo and included Bank Of America, HSBC and U.S. bank. . Says deal expected to be dilutive on a GAAP basis by $0.24 -$0.26 per share due to intangible amortization, one-time reorganization costs . Says in 2017, merit anticipates effect of acquisition on merit's non-GAAP earnings to be $0.05-$0.08 per share . Says in 2017, MERIT anticipates effect of acquisition to be dilutive on a GAAP basis by $0.05-$0.07 per share .Says DFINE has become a wholly-owned subsidiary of Merit.  Full Article

Merit Medical says signed distribution deal with Japan's Piolax Medical Devices
Tuesday, 10 May 2016 

Merit Medical Systems Inc : Signed distribution deal with Piolax Medical Devices of Yokohama, Japan for labyrinth noah micro guide wire .Merit intends to begin registration procedures immediately with a goal of introduction in late 2016.  Full Article

BRIEF-Merit Medical Entered Into Third Amendment To Second Amended & Restated Credit Agreement & Incremental Increase Agreement

* MERIT MEDICAL SYSTEMS - ON DEC 13, MERIT ENTERED INTO THIRD AMENDMENT TO SECOND AMENDED & RESTATED CREDIT AGREEMENT & INCREMENTAL INCREASE AGREEMENT