ICU Medical Inc

ICUI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$478.00	Xlrw	Dpxtxwl

ICU Medical Earnings: Positive Medical Utilization Trends Boost 2024 Outlook

Julie Utterback ,

Aug 8, 2024

Thanks to healthy medical utilization trends, no-moat ICU Medical reported solid second-quarter results and management increased 2024 guidance. Total revenue grew 10% year over year in constant currency to $581 million, which is the strongest quarterly growth following the 2022 Smiths acquisition. We are maintaining our $161 fair value estimate per share and view shares as moderately undervalued.

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