Q4 and Year End 2023 Earnings Call
Merit Medical announced revenue of $324.5 million for the quarter ended December 31, 2023, an increase of 10.6% compared to the quarter ended December 31, 2022. “Our fourth quarter capped off an impressive year of operating and financial performance in 2023; we delivered nearly 10% constant currency revenue growth, a 120 basis-point improvement year-over-year in our non-GAAP operating margin and generated strong free cash flow of more than $110 million. . . We believe the successful execution of our 3-year “CGI” Program will result in a constant currency, organic revenue CAGR of at least 5%, non-GAAP operating margins of at least 20% and cumulative free cash flow of more than $400 million,” Fred Lampropoulos, Chairman and CEO.
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Corporate sustainability
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Merit is committed to maintaining a diverse and inclusive workforce. We understand that a diverse workforce leads to greater innovation, more opportunities, and increases our access to qualified talent.
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With innovative technology, we’re bound to win a few awards. And, with experienced executives, we’re bound to win a few more.
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