The 10-second takeaway
For the quarter ended March 31 (Q1), ATRION missed estimates on revenues and whiffed on earnings per share.
Compared with the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins shrank across the board.
ATRION recorded revenue of $29.2 million. The one analyst polled by S&P Capital IQ expected to see a top line of $30.7 million on the same basis. GAAP reported sales were 4.4% lower than the prior-year quarter's $30.6 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 $2.65. The one earnings estimate compiled by S&P Capital IQ predicted $3.27 per share. GAAP EPS of $2.65 for Q1 were 22% lower than the prior-year quarter's $3.38 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 47.3%, 350 basis points worse than the prior-year quarter. Operating margin was 27.2%, 580 basis points worse than the prior-year quarter. Net margin was 18.4%, 400 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $31.9 million. On the bottom line, the average EPS estimate is $3.34.
Next year's average estimate for revenue is $122.9 million. The average EPS estimate is $12.95.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 250 members out of 258 rating the stock outperform, and eight members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give ATRION a green thumbs-up, and one give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.