LMAT
LeMaitre Vascular, Inc.83.41
+0.64+0.77%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.89BP/E (TTM)
35.95Basic EPS (TTM)
2.32Dividend Yield
0.01%Recent Filings
8-K
10-Q
Q2 FY2025 results
LeMaitre Vascular posted solid Q2 FY2025 results, with net sales climbing 15% year-over-year to $64.2 million, fueled by higher volumes and pricing across grafts, catheters, and valvulotomes, while gross margin edged up to 70.0% on manufacturing efficiencies and favorable mix. Operating income rose 12% to $16.1 million, and diluted EPS hit $0.60, up from $0.52, reconciling neatly with 22.9 million weighted shares. Cash from operations surged to $29.3 million for the half-year, lifting cash equivalents to $27.2 million alongside $292.3 million in short-term securities, though $172.5 million in 2.50% convertible notes due 2030 loom with semiannual interest. Free cash flow stood at $26.6 million (derived) after $2.7 million capex. Yet regulatory hurdles persist in Europe.
8-K
Q2 sales up 15% organically
LeMaitre Vascular reported Q2 2025 sales of $64.2 million, up 15% organically, driven by 27% catheter growth and 19% in grafts, with EMEA sales surging 23%. Gross margin expanded to 70.0% from manufacturing efficiencies and higher prices, lifting operating income 12% to $16.1 million and EPS 16% to $0.60. Cash swelled to $319.5 million. The company raised full-year guidance to $248-254 million in sales and $2.23-2.37 EPS, while Artegraft's overseas launch races ahead. Yet risks like supply disruptions loom.
8-K
Annual meeting elects directors
LeMaitre Vascular's stockholders, at the June 2, 2025 annual meeting, elected George W. LeMaitre, David B. Roberts, and Martha Shadan as Class I directors for three-year terms, with votes ranging from 15.2 million to 18.4 million for amid some withholdings. They approved executive compensation on an advisory basis by a wide margin of 19.1 million for versus 913,000 against. A one-year frequency for future say-on-pay votes won decisively. Auditors Grant Thornton were ratified overwhelmingly. Board continuity holds firm.
10-Q
Q1 FY2025 results
LeMaitre Vascular kicked off 2025 with net sales climbing 12% year-over-year to $59.9M for the quarter ended March 31, fueled by higher volumes and prices across grafts, patches, and shunts, while gross margin edged up 0.6 points to 69.2% on manufacturing efficiencies. Operating income rose 6% to $12.6M, with diluted EPS holding steady at $0.48 amid a 329-share dilution from convertible notes (reconciled). Cash from operations hit $9.0M, up sharply from $5.1M last year, though free cash flow stood at $7.7M after $1.4M capex; quarter-end cash and equivalents dipped slightly to $25.3M, bolstered by $277.2M in short-term securities against $168.0M in 2.50% convertible notes due 2030. No major M&A closed this period. Yet tariffs loom large.
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