Merit Medical Anticipates Cook Medical Deal To Be Modestly Dilutive To Full-year 2024 Non-GAAP Profitability Given Partial-year Contribution
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Merit Medical expects its acquisition of Cook Medical to be modestly dilutive to its full-year 2024 non-GAAP profitability due to the partial-year contribution. The company has updated its 2024 financial guidance to reflect this acquisition and will discuss it further in their Q3 earnings report.
September 17, 2024 | 11:09 am
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Merit Medical's acquisition of Cook Medical is expected to be modestly dilutive to its full-year 2024 non-GAAP profitability due to the partial-year contribution. The company has updated its 2024 financial guidance accordingly.
The acquisition of Cook Medical by Merit Medical is expected to be modestly dilutive to its 2024 non-GAAP profitability, which could lead to a short-term negative impact on the stock price. The company has updated its financial guidance to reflect this, indicating the acquisition's significance.
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