ICU Medical Inc

ICUI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$751.00	Bpsy	Pxtlgpf

ICU Medical Earnings: Normalizing Operations Bring Additional Synergies With Smiths Integration

Julie Utterback ,

Feb 28, 2024

No-moat ICU Medical reported fourth-quarter results in line with our expectations. However, we are trimming our fair value estimate to $161 per share from $177 because of lower-than-expected 2024 guidance from management. ICU’s integration with Smiths Medical is taking longer than our original projection, but we remain optimistic about the potential cost-saving synergies in the long term.

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