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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)
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11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
10/24/201316:10:30ICU Medical Ends Sales Effort After No Buyer Found -Bloomberg
08/02/201314:16:12ICU Medical in Sale Talks With Private Equity Firm GTCR -Bloomberg
05/08/201311:03:36ICU Medical Weighs Sale, Working With J.P. Morgan -Bloomberg
04/23/201307:20:10U.S. Stock Futures Slip; China, Germany Growth Fears
02/05/201310:16:52Correction to U.S. Hot Stock Futures Table
12/22/201113:14:07ICU Medical Extends Two Distribution Pacts With Hospira
02/01/201016:57:22ICU Medical 4Q Net Down 18% Despite Sales Growth; View Weak

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