MMSI

EX-99.1

2 mmsi-ex99d1.htm

EX-99.1

Exhibit 99.1

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Contacts:

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PR/Media Inquiries:

Sarah Comstock

Merit Medical

Investor Inquiries:

Mike Piccinino, CFA, IRC

ICR Healthcare

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+1-801-432-2864

+1-443-213-0509

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sarah.comstock@merit.com

mike.piccinino@icrhealthcare.com

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FOR IMMEDIATE RELEASE

MERIT MEDICAL REPORTS THIRD QUARTER 2026 RESULTS: DELIVERS 9% ORGANIC CONSTANT CURRENCY REVENUE GROWTH AND RAISES FULL-YEAR 2026 GUIDANCE

Financial Highlights†

●Reported revenue of $416.2 million, up 8.4%

●Constant currency revenue* and constant currency revenue, organic* up 8% and up 9%, respectively

●GAAP operating margin of 14.1%, compared to 11.1% in prior year period

●Non-GAAP operating margin* of 21.3%, compared to 19.7% in prior year period

●GAAP EPS $0.70, up 51%

●Non-GAAP EPS* $1.12, up 22%

●Cash flow from operations of $175.2 million year-to-date

●Free cash flow* generation of $129.5 million year-to-date

† Comparisons above are calculated for the current quarter compared with the third quarter of 2025, unless otherwise specified. Amounts stated in this release are rounded, while percentages are calculated from the underlying amounts.

* Constant currency revenue; constant currency revenue, organic; non-GAAP gross profit and margin; non-GAAP operating income and margin; non-GAAP net income; non-GAAP EPS; and free cash flow figures (used here and below) are non-GAAP financial measures. A reconciliation of these financial measures to their most directly comparable GAAP financial measures is included under the heading “Non-GAAP Financial Measures” below.

SOUTH JORDAN, Utah, October 29, 2026 -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading global manufacturer and marketer of healthcare technology, today announced financial results for the three and nine-month periods ended September 30, 2026.

“Merit delivered third quarter financial results that exceeded the high end of our expectations, driven primarily by 9% organic, constant currency revenue growth, excluding the impact of a strategic divestiture,” said Martha G. Aronson, Merit’s President and CEO. “We experienced strong revenue growth trends in the U.S. and better-than-expected demand for Merit’s products across both our Foundational and our Therapeutic platforms. We also delivered strong growth in both our non-GAAP operating profit and our non-GAAP earnings per share, which increased 17% and 22%, respectively, year-over-year.” Ms. Aronson

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continued: “We have raised our 2026 revenue and non-GAAP earnings per share guidance to reflect the stronger-than-expected results over the first nine months of 2026 and remain confident in our team’s ability to execute, with attractive constant currency growth, improving profitability, and solid cash flow generation this year. Our team remains focused on delivering our Continued Growth Initiative financial targets for the three-year period ending December 31, 2026, and, in parallel, we are finalizing our longer-term strategic plan focused on identifying opportunities to better position the company for sustainable growth, enhanced profitability and value creation for our shareholders.”

Merit’s revenue by product category for the three and nine-month periods ended September 30, 2026 and 2025 was as follows (unaudited; in thousands, except for percentages):

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Three Months Ended

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Reported

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Constant Currency*

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September 30,

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Impact of foreign

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September 30,

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2026

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2025

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% Change

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exchange

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2026

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% Change

Foundational

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Access

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$

157,922

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$

151,508

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4

%

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$

(1,018)

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$

156,904

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4

%

OEM

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46,278

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41,499

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12

%

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47

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46,325

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12

%

Procedural Solutions

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27,162

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32,287

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(16)

%

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184

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27,346

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(15)

%

Vascular Intervention

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42,367

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35,391

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20

%

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(166)

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42,201

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19

%

Other

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2,006

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221

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808

%

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547

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2,553

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1,055

%

Total Foundational

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275,735

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260,906

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6

%

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(406)

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275,329

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6

%

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Therapeutic

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Cardiac Therapies

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27,547

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25,530

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8

%

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(53)

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27,494

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8

%

Endoscopy

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23,428

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17,631

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33

%

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36

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23,464

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33

%

OEM

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13,089

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9,953

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32

%

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(16)

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13,073

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31

%

Oncology

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27,085

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23,263

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16

%

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(24)

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27,061

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16

%

Renal Therapies

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13,550

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13,808

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(2)

%

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(123)

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13,427

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(3)

%

Vascular Intervention

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35,810

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33,066

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8

%

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(496)

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35,314

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7

%

Total Therapeutic

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140,509

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123,251

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14

%

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