ICU Medical Inc

ICUI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$391.00	Mgvlr	Dpyxyxnd

ICU Medical Earnings: Operational Problems Continue To Pressure Near-Term Outlook

Julie Utterback

Aug 8, 2023

No-moat ICU Medical turned in a mixed second quarter with weaker-than-expected sales but strong profits. Negatively for 2023, management suggested that sales would be weaker than previously expected in a couple businesses and narrowed its guidance range for profits mildly below our previous expectations. However, making a slight cut to our 2023 view does not materially change our $177 fair value estimate, and we continue to view ICU shares as about fairly valued.

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