Lemaitre Vascular (LMAT) FY2023 results: revenue $193 million, up 19.7% on the year
Lemaitre Vascular Inc. (LMAT) reported revenue of $193 million for fiscal 2023, the year ended 31 December 2023, up 19.7% on the year before. Net income was $30 million, up 45.9%, and diluted earnings per share $1.34. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$193 million
+19.7% on the year
FY2016FY2023
Operating margin
19.0%
16.6% a year earlier
FY2016FY2023
Net income
$30 million
+45.9% on the year
FY2016FY2023
Diluted EPS
$1.34
+44.1% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
36.8
25.4
35.1
+44.8%
Capital expenditure
7.3
3.2
4.9
+125.0%
Free cash flow
29.5
22.1
30.2
+33.1%
Free cash flow margin
15.2%
13.7%
19.6%
Cash from investing
-24.7
-10.4
-61.1
Cash from financing
-7.1
-9.2
13.7
Depreciation and amortisation
9.5
9.4
11.1
+0.9%
Share-based compensation
5.3
4.2
3.5
+27.5%
Buybacks
0.9
0.6
0.8
+32.9%
Dividends paid
12.4
11.0
9.3
+13.3%
Dividend per share
$0.56
$0.50
$0.44
+12.0%
Diluted shares, weighted
22m
22m
21m
+1.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
298
268
254
+11.1%
Debt
0.0
0.0
0.0
Operating lease liabilities
16.6
14.7
14.1
+13.0%
Other liabilities
32.3
27.6
24.6
+17.0%
Total liabilities and equity
347
310
293
+11.7%
Fixed assets
21.8
17.9
17.1
+21.5%
Goodwill
65.9
65.9
65.9
0.0%
Intangible assets
41.7
46.5
52.7
-10.4%
Investments
80.8
63.6
56.1
+27.1%
Cash and equivalents
24.3
19.1
13.9
+26.8%
Receivables
25.1
22.0
19.6
+13.7%
Other assets
87.2
75.4
67.5
+15.7%
Total assets
347
310
293
+11.7%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.