ICU Medical Q4 Profit Rises, Names Vivek Jain CEO

(RTTNews) - ICU Medical Inc. (ICUI), Wednesday reported fourth-quarter net income of $13.3 million or $0.86 per share, up from $12.3 million or $0.82 per share last year.

Fourth-quarter revenues were $77.9 million, down from $82.7 million in the same period last year.

Analysts polled by Thomson Reuters expected the company to earn $0.73 per share on revenues of $84.25 million for the quarter. Analysts' estimates typically exclude special items.

In a separate release, ICU Medical said it appointed Vivek Jain as Chief Executive Officer and Chairman of board, effective February 13. Jain joins ICU Medical after departing as president of the Procedural Solutions division for CareFusion (CFN).