Cantel Medical's endoscopy sales up 28% in Q1: 4 things to know

Cantel Medical has reported its financial results for the first quarter ended Oct. 31.

Here are four things to know from the company's financial report.

1. Endoscopy sales led the company's growth in the first quarter, with a 28.1 percent, year-over-year increase.

2. Endoscopy sales are now 47 percent of the company's total revenue.

3. Cantel Medical reported $14.25 million in GAAP net income for the quarter, up from $11.24 million in net income from the first quarter of 2014 ended Oct. 31, 2014.

4. "The company has a strong balance sheet and continues to generate significant cash flow and EBITDAS. Compared to the same quarter last year, cash flow from operations and adjusted EBITDAS both grew by 19 percent to $15.1 million and $32.4 million, respectively," said Andrew Krakauer, CEO of Cantel Medical.

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Featured Podcast