Cantel Medical, the parent company of Medivators, reported $11.24 million in U.S. GAAP net income for its first quarter ended Oct. 31.
The company's sales increased 16 percent to a record $136.81 million. "We are pleased to have delivered record sales and solid earnings this quarter. We achieved good financial performance in all three major business segments – endoscopy, water purification and filtration and healthcare disposables," said CEO Andrew Krakauer.
During the company's first quarter, Medivator's sales increased 13 percent.