Q3 2025 LeMaitre Vascular Inc Earnings Call Transcript

Nov 6, 2025 / 10:00 PM GMT

Release Date Price: $85.6 (-0.78%)

Transcript 10-Q8-K

Key Points

Positve

LeMaitre Vascular Inc (LMAT) reported a strong organic sales growth of 12% in Q3 2025.
The company achieved a better-than-expected gross margin, with a reported gross margin of 75.3% and an adjusted gross margin of 70.8%.
Sales were led by significant growth in grafts (23%) and shunts (18%).
The international autograph launch exceeded expectations, with Q3 sales reaching $1.4 million and a forecast of $2 million for Q4.
LeMaitre Vascular Inc (LMAT) ended the quarter with a robust cash position of $343.1 million, an increase of $23.6 million.

Negative

The company experienced a decrease in expected organic growth due to a catheter recall that impacted Q3 and is expected to affect Q4.
There were challenges in the Asia Pacific region, with management turmoil in Korea and Japan affecting sales.
The strengthening of the US dollar negatively impacted Q4 guidance by approximately $600,000.
LeMaitre Vascular Inc (LMAT) received an FDA warning letter related to its New Jersey Artograph facility's quality management system.
The company is struggling to sell cardiac patches in China, despite previous approvals.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LMAT.OQ - LeMaitre Vascular Inc
Q3 2025 LeMaitre Vascular Inc Earnings Call
Nov 06, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, this is the operator. Today's conference is scheduled to begin momentarily. Until that time, your lines will again be placed on music hold.

Thank you for your patience.

Hello. Good day. This is RJ, your conference operator today, and we welcome you to the Lumatravascular Q3 2025 financial results conference call. As a reminder, today's call is being recorded. At this time, I would like to turn the call over to Mr. Dorian Leblanc, Chief Financial Officer of the Mitro Vascular. Please go ahead, sir.

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Unidentified_2 [2]
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