Earnings ·
Utah Medical Products reported 2Q 2026 net sales of $8.5 million, a 14.3% decrease from 2Q 2025, and 1H 2026 net sales…
UTMDUtah Medical Products Inc
Utah Medical Products reported 2Q 2026 net sales of $8.5 million, a 14.3% decrease from 2Q 2025, and 1H 2026 net sales of $17.3 million, a 12.3% decrease. The decline was primarily due to the loss of two major customers, PendoTECH and a China-based distributor. Management now projects a full-year 2026 sales decline of 10-13% compared to 2025. The company paid $0.31 per share in dividends during 2Q and 1H 2026. The company develops, manufactures and markets disposable and reusable specialty medical devices.