Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 91

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 91
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 integration expenses3 %3 %3 %3 %Change in fair value of contingent earn-out— %— %— %— %Other operating (income) expense, net— %— %— %— %Total operating expenses36 %34 %34 %34 %Income (loss) from operations2 %1 %2 %— %Interest expense, net(4)%(4)%(4)%(4)%Other income (expense), net— %(1)%— %— %Gain on sale of business8 %— %4 %— %Income (Loss) before income taxes and equity in earnings of unconsolidated affiliates6 %(4)%2 %(4)%Provision for income taxes— %— %— %— %Net income (loss) from consolidated companies6 %(4)%2 %(4)%

Seasonality/Quarterly Results 

                There are no significant seasonal aspects to our business. We can experience fluctuations in net sales as a result of variations in the ordering patterns of our largest customers, which may be driven more by production scheduling and customer inventory levels, and less by seasonality. Our expenses often do not fluctuate in the same manner as net sales, which may cause fluctuations in operating income that are disproportionate to fluctuations in our revenue.  

Non-GAAP Financial Measures

In addition to comparing changes in revenue on a U.S. GAAP basis, we also compare the changes in revenue from one period to another using constant currency. The presentation of revenues on a constant currency basis is a non-GAAP financial measure that excludes the impact of fluctuations in foreign currency exchange rates that occurred between the comparative periods. We provide constant currency information to enhance the visibility of underlying business trends, excluding the effects of changes in foreign currency translation rates. We believe this information is useful to investors to facilitate comparisons and better identify trends in our business. Our constant currency revenues reflect current period local currency revenues at prior period's average exchange rates. We consistently apply this approach to revenues for all currencies where the functional currency is not the U.S. dollar. These results should be considered in addition to, not as a substitute for, results reported in accordance with GAAP. Revenues on a constant currency basis, as we present them, may not be comparable to similarly titled measures used by other companies and are not measures of performance presented in accordance with GAAP.

Consumables