)

Atrion Corp (ATRI) investor relations material
Atrion Corp Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenues for Q2 2024 increased 11% year-over-year to $48.8 million, driven by strong growth in MPS consoles, disposables, and fluid delivery products.
Net income for Q2 2024 dropped 94% year-over-year to $0.4 million, mainly due to $5.0 million in merger-related expenses.
Operating income for Q2 2024 was $0.5 million, down 93% from Q2 2023, impacted by merger-related legal and advisory fees.
Atrion entered into a definitive merger agreement with Nordson Corporation; each share to be converted into $460 in cash upon closing, expected in Q3 2024.
Adjusted operating income, excluding merger expenses, was $5.5 million, a 25% decrease from the prior year.
Financial highlights
Q2 2024 revenues: $48.8 million (up 11.3% year-over-year); net income: $0.4 million ($0.23 per share, basic and diluted).
Six months ended June 30, 2024: revenues $96.1 million (up 14.6% year-over-year); net income $3.2 million ($1.81 per share).
Gross profit margin for Q2 2024 was 32.5% (down from 39.4% in Q2 2023); operating margin was 1.1% (down from 16.8%).
Q2 2024 cost of goods sold increased 23.9% year-over-year, mainly due to higher manufacturing costs.
Inventories declined 10% sequentially and are 18% lower than at December 31, 2023.
Outlook and guidance
The merger with Nordson is expected to close in Q3 2024, subject to customary conditions and stockholder approval.
Continued recovery expected in fluid delivery products, with some production lines halted to reduce excess inventories.
Inventory management actions are expected to support future margin improvement.
Management believes current cash, investments, and credit facility are sufficient to fund requirements for the foreseeable future.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage