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ICU Medical 4Q Net Down 18% Despite Sales Growth; View Weak

DOW JONES NEWSWIRES ICU Medical Inc.'s (ICUI) fourth-quarter profit dropped 18% despite double-digit sales growth. The medical-equipment company also projected 2010 earnings of $1.80 to $1.90 a share on revenue of $265 million to $275 million. Analysts, surveyed by Thomson Reuters, were looking for $1.98 and $270.7 million. On the weak profit forecast, shares fell 4% to $33 in after-hours trading although the fourth-quarter results topped Wall Street's expectations. The stock through the close was up 13% the past year. ICU, which closed its $35 million acquisition of Hospira Inc.'s (HSP) critical-care product line in August, is expected to benefit from the acquisition starting this year. The company, which has been more or less immune from the economic downturn, has been expanding its sales force and branching out from its core business, which is providing products that prevent accidental sticks from intravenous needles. For the latest quarter, ICU reported a profit of $7.4 million, or 50 cents a share, down from $9 million, or 61 cents a share, a year earlier. Revenue climbed 23% to $69.8 million. Analysts estimated earnings of 48 cents on revenue of $64.5 million. -By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Order free Annual Report for ICU Medical Incorporated Visit or call 1-888-301-0513

Stock News for Icu Medical (ICUI)
11/18/201508:46:16Current Report Filing (8-k)
11/16/201512:35:00Statement of Changes in Beneficial Ownership (4)
11/06/201509:48:00U.S. Hot Stocks: Hot Stocks to Watch
11/05/201516:19:58Current Report Filing (8-k)
11/05/201516:05:00ICU Medical, Inc. Announces Third Quarter 2015 Results
11/03/201518:38:01Statement of Changes in Beneficial Ownership (4)
11/02/201517:36:45Statement of Changes in Beneficial Ownership (4)
10/20/201516:02:00ICU Medical, Inc. Announces Time of Third Quarter 2015 Earnings...
10/06/201517:45:21Statement of Changes in Beneficial Ownership (4)
10/06/201515:33:38Current Report Filing (8-k)
10/05/201519:49:09Statement of Changes in Beneficial Ownership (4)
10/05/201518:36:41Statement of Changes in Beneficial Ownership (4)
10/05/201517:26:47Statement of Changes in Beneficial Ownership (4)
10/05/201516:10:00ICU Medical Partners With Medline Industries to Acquire Excelsior...
10/01/201513:23:14Current Report Filing (8-k)
09/21/201520:46:10ICU Medical, Inc. to Present at the Morgan Stanley 2015 Global...
09/02/201517:04:17Statement of Changes in Beneficial Ownership (4)
09/01/201517:43:45Statement of Changes in Beneficial Ownership (4)
08/31/201517:36:13Statement of Changes in Beneficial Ownership (4)
08/10/201518:37:13Quarterly Report (10-q)

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