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Resonetics® Invests in Nitinol Gun Drilling Capabilities Through Purchase of Assets from Medical Component Specialists
Prnewswire· 2025-05-19 14:00
Core Insights - Resonetics has acquired the nitinol gun drilling operations and related assets from Medical Component Specialists (MCS) to enhance its U.S.-based nitinol strategy and strengthen supply chain resilience [1][3] - The acquisition is part of Resonetics' initiative to improve material availability and reduce lead times for customers, which is critical for the production of high-performance nitinol tubing [3][2] - This investment builds on previous expansions in nitinol tubing capabilities, ensuring precision and control for rapid prototyping and scalable manufacturing of complex medical implants [3][4] Company Overview - Resonetics, founded in 1987, specializes in advanced engineering and manufacturing solutions for the medical device industry, focusing on laser processing, nitinol manufacturing, and photochemical machining [4] - The company operates 17 facilities with over 3,000 associates across multiple countries, including the U.S., Canada, and Switzerland, and is backed by private equity firms Carlyle and GTCR [4] - Resonetics is committed to being an open-source supplier to medical device OEMs and contract manufacturers, emphasizing quality, responsiveness, and innovation [4]
Nuwellis Contracts with KDI Precision Manufacturing to Strengthen Production and Improve Operational Efficiency
Globenewswire· 2025-05-12 11:00
Core Viewpoint - Nuwellis, Inc. has finalized a strategic agreement with KDI Precision Manufacturing to outsource the manufacturing and assembly of key components of its Aquadex product line, aiming to enhance operational efficiency, preserve expertise, and reduce costs [1][2][5]. Company Overview - Nuwellis, Inc. is a medical technology company focused on transforming fluid management care, particularly through the commercialization of the Aquadex SmartFlow system for ultrafiltration therapy [7]. - KDI Precision Manufacturing, established in 1982, specializes in medical manufacturing with over 80% of its business dedicated to healthcare products and is ISO 13485 certified and FDA registered [3][9]. Agreement Details - Under the agreement, KDI will take over assembly responsibilities for the Aquadex SmartFlow® Console, AquaFlexFlow Blood Circuits, and dELC Catheters [3]. - Current assembly employees from Nuwellis will be hired by KDI to ensure a seamless transition and protect product expertise, while sales, customer service, product design, and post-market surveillance will remain with Nuwellis [4]. Strategic Importance - The outsourcing agreement is seen as a significant milestone for Nuwellis, aimed at improving operational efficiency and maintaining product quality while reducing costs [5]. - KDI's CEO, who has prior experience with Nuwellis, emphasizes the company's specialized understanding of the Aquadex system, positioning them to deliver manufacturing excellence [5]. Future Outlook - Transition activities are set to begin shortly to support Nuwellis' next phase of growth, indicating a proactive approach to enhancing manufacturing capabilities [5].
UFP Technologies Announces Record Q1 Results
Globenewswire· 2025-05-06 13:00
Core Insights - UFP Technologies, Inc. reported a strong financial performance for Q1 2025, with net income of $17.2 million, or $2.21 per diluted share, compared to $12.7 million, or $1.64 per diluted share in Q1 2024, reflecting a 35.4% increase in net income [1][3][8] - Net sales for the first quarter reached $148.1 million, a 41.1% increase from $105.0 million in the same period last year, driven primarily by a 50.4% growth in sales to the medical market [1][3][5] Financial Performance - The company's operating income increased by 45.2% to $23.1 million in Q1 2025, up from $15.9 million in Q1 2024 [3][5] - Adjusted net income rose by 40.1% to $19.2 million in Q1 2025, compared to $13.7 million in Q1 2024 [3][21] - Gross profit margin slightly decreased to 28.5% in Q1 2025 from 28.6% in Q1 2024 [3] Market Segments - The MedTech business segment experienced a significant growth of 50%, with strong demand in the Safe Patient Handling area [2][3] - Other market segments, including Interventional and Surgical, Infection Prevention, Orthopedics, and Advanced Wound Care, also reported growth exceeding 25% [2] - Organic sales growth for the overall company was 2.3%, with a specific organic growth of 5.4% in the MedTech segment despite a 6% decline in Robotic Surgery sales [2][3] Strategic Developments - The company secured an exclusive manufacturing agreement with its second-largest customer for a significant portion of its Safe Patient Handling business through June 2030 [2] - UFP Technologies has expanded its manufacturing operations in the Dominican Republic to meet growing demand, including plans for a fifth building at its La Romana Robotic Surgery campus [2] - The company is actively pursuing acquisition opportunities, having recently completed a small acquisition that complements its previous purchase of AJR Enterprises [2][3] Non-GAAP Financial Measures - Adjusted EBITDA for Q1 2025 increased by 45.9% to $30.2 million from $20.7 million in Q1 2024 [8][22] - Adjusted SG&A expenses rose by 27.5% to $16.3 million, but as a percentage of sales, it decreased to 11.0% from 12.2% in the same period last year [3][19]
UFP Technologies to Report First Quarter 2025 Financial Results on May 6, 2025
GlobeNewswire News Room· 2025-04-30 13:00
Core Viewpoint - UFP Technologies, Inc. is set to report its financial results for the first quarter of 2025 on May 6, 2025, prior to market opening, followed by a conference call to discuss the results [1] Company Overview - UFP Technologies is an innovative designer and custom manufacturer specializing in components for medical devices, sterile packaging, and other highly engineered products [3] - The company plays a crucial role in the medical device supply chain and serves as a valued outsourcing partner for many leading medical device manufacturers globally [3] - UFP's products include single-use and single-patient devices and components utilized in various medical applications such as minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants [3] Conference Call Information - The conference call to discuss the financial results will take place on May 6, 2025, at 10:00 AM Eastern Time [2] - Participants can join the call using provided dial-in numbers, and a live webcast will be available on the company's website [2]
Senseonics Holdings, Inc. Schedules First Quarter 2025 Earnings Release and Conference Call for May 8, 2025 at 4:30 P.M. Eastern Time
Globenewswire· 2025-04-29 20:05
Core Viewpoint - Senseonics Holdings, Inc. is set to release its first quarter 2025 financial results on May 8, 2025, after market close, indicating ongoing developments in its financial performance and product offerings [1]. Group 1: Financial Results Announcement - The company will announce its first quarter 2025 financial results after market close on May 8, 2025 [1]. - A conference call to discuss the financial performance will take place at 4:30 p.m. (Eastern Time) on the same day, which will also be available via webcast [2]. Group 2: Company Overview - Senseonics is a medical technology company focused on developing and manufacturing long-term implantable continuous glucose monitoring (CGM) systems for diabetes management [3]. - The company's CGM systems, Eversense 365 and Eversense E3, feature a small sensor that is implanted under the skin and communicates with a smart transmitter, sending glucose data to a mobile app every 5 minutes [3].
Integer Schedules First Quarter 2025 Earnings Release and Conference Call for April 24, 2025
GlobeNewswire News Room· 2025-03-27 12:00
Core Points - Integer Holdings Corporation plans to release its financial and operational results for the first quarter of 2025 on April 24, 2025, at 7 a.m. CT / 8 a.m. ET [1] - Following the results release, a webcast will be hosted by Integer management at 8 a.m. CT / 9 a.m. ET to discuss the results and other forward-looking information [1] - Integer is one of the largest medical device contract development and manufacturing organizations (CDMO) globally, focusing on cardiac rhythm management, neuromodulation, and cardio and vascular markets [4] Conference Call Details - An audio replay of the conference call will be available for seven days, accessible by dialing (800) 770-2030 or (609) 800-9909 with Conference ID 3120125 [2] - The conference call will also be available live or via archived replay on the Investor Relations section of the Integer website [2][3] - Domestic and international dial-in numbers for the conference call are provided, along with the Conference ID [5] Company Overview - Integer Holdings Corporation is committed to enhancing patient lives by providing innovative, high-quality products and solutions [4] - The company serves as a strategic partner to medical device companies and OEMs, with notable brands including Greatbatch Medical® and Lake Region Medical® [4]