Merit Medical posts Q4, 2018 revenue increases

Disposable products developer Merit Medical Systems reported revenue and net income increases for its 2018 fourth quarter and the year.

For the quarter (end-December 31, 2018), the company's revenue rose to $233.2 million, an increase of 22.2% from $190.9 million in the previous year. Its revenue for the year also increased to $882.8 million, up 21.3% from $727.9 million in 2017.

Net income for the fourth quarter was $9.2 million, up from $6.8 million for the same period in 2017. Net income for the year was $42 million, compared with $27.5 million in 2017, the company reported.

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