Merit Medical Systems Delivers Record-Breaking First Quarter Results with 9.8% Revenue Growth
Merit Medical Systems, a leading global healthcare company, has made headlines with its impressive first quarter 2025 results. According to the company's recent conference call transcript, Merit Medical Systems reported total revenue of $355.4 million, marking a 9.8% year-over-year growth on a GAAP basis and a 10.9% increase on a constant currency basis.
This significant revenue growth is attributed to a 6% constant currency organic growth, exceeding the high end of the range outlined in their first quarter guidance by roughly 100 basis points. The company's Chief Executive Officer, Fred Lampropoulos, expressed pride in the team's execution and commitment to strategic objectives, stating that the results reflect continued strong momentum in the business.
Merit Medical Systems also delivered impressive profitability performance in the first quarter. The company achieved a non-GAAP operating margin of 19.3%, representing a first-quarter record for the company and an increase of nearly 230 basis points year-over-year. This outstanding result is a testament to the company's focus on operational excellence and strategic initiatives.
The company's financial guidance for 2025 was updated in their recent press release, with Raul Parra, Chief Financial Officer and Treasurer, providing a more in-depth review of the quarterly financial results and guiding investors through the safe harbor statements. Brian Lloyd, Chief Legal Officer and Corporate Secretary, preceded Raul's remarks by emphasizing the importance of cautionary statements regarding forward-looking statements.
Merit Medical Systems' first-quarter performance has set a strong precedent for the remainder of 2025, with the company confident in its team's ability to deliver total revenue guidance for the year. The company's commitment to operational excellence and strategic initiatives is evident in their impressive financial results and record-breaking non-GAAP operating margin.
As Merit Medical Systems continues to drive growth and innovation in the healthcare industry, investors and stakeholders will be closely watching the company's progress throughout 2025. With a strong foundation established in the first quarter, Merit Medical Systems appears poised for continued success and growth.
