The 10-second takeaway
For the quarter ended Sep. 30 (Q3), ATRION beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share expanded.
Gross margins dropped, operating margins dropped, net margins increased.
ATRION recorded revenue of $30.6 million. The one analyst polled by S&P Capital IQ looked for a top line of $29.2 million on the same basis. GAAP reported sales were 0.6% higher than the prior-year quarter's $30.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $3.59. The one earnings estimate compiled by S&P Capital IQ predicted $2.79 per share. GAAP EPS of $3.59 for Q3 were 7.8% higher than the prior-year quarter's $3.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.6%, 160 basis points worse than the prior-year quarter. Operating margin was 31.6%, 120 basis points worse than the prior-year quarter. Net margin was 23.7%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $28.5 million. On the bottom line, the average EPS estimate is $2.77.
Next year's average estimate for revenue is $117.7 million. The average EPS estimate is $11.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 248 members out of 256 rating the stock outperform, and eight members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give ATRION a green thumbs-up, and one give it a red thumbs-down.
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