ICU Medical Inc

ICUI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$696.00	Lxwh	Qjmykqz

Q3 Supply Chain Concerns Helped Fuel Orders at ICU Medical

Julie Utterback , Matthew Sanders

Nov 4, 2021

Narrow-moat ICU Medical generated strong third-quarter results, propelled by high order volume partially due to supply chain concerns among its buyers. On the call, management predicted that this year’s profits as measured by EBITDA and adjusted EPS will be toward the upper ends of its previous guidance ranges, or roughly in line with our expectations. At first glance, we plan to maintain our $239 fair value estimate, and we continue to see the shares as about fairly valued.

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