ICU Medical Updates 2016 Guidance - Quick Facts

(RTTNews) - ICU Medical, Inc. (ICUI) announced, for the year 2016, the company expects revenue to be in the range of $360 million to $370 million, and adjusted earnings per share to be in the range of $4.45 to $4.60. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.43 on revenue of $362.24 million. Analysts' estimates typically exclude special items. In May, the company projected its full year earnings per share in the range of $4.34 - $4.46, and revenue in the range of $355 - $365 million.

For second-quarter, adjusted earnings per share were $1.15 as compared to $0.97 for the second quarter of 2015. Second quarter 2016 revenue was $96.7 million, compared to $83.8 million in the same period last year.

As of June 30, 2016, cash, cash equivalents and investment securities totaled $400.6 million and working capital was $494.8 million. The company generated operating cash flow of $24 million for the second quarter of 2016.