BNET Industries
Market Cap:$529.4M
Last Fiscal Year Sales:$204.7M
- Public
- US
Dow Jones Description
ICU Medical was founded in 1984 by Dr. George Lopez, a practicing internist who imagined that there must be a better way of securing I.V. lines after tragically losing a patient due to an accidental disconnect. Dr. Lopez conceived a product, later known as the Click Lock, which provided a locking mechanism for these I.V. systems. The Click Lock was comprised of a protected needle which would also serve to prevent health care workers from being accidentally stuck by the I.V. needles.
Chairman of the Board, President and Chief Executive Officer
George LopezNumber of Employees 1,829
Peer Companies
NAICS Code Surgical and Medical Instrument Manufacturing: 339112
Recent Events
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ICU Medical ICUI Reports Q3 EPS $0.42; Raises FY09 Guidance
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ICU Medical Q2 Profit Up, Raises FY09 Forecast - Update
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UPDATE 1-ICU Medical Q1 better than expected; affirms 2009 view
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Device Maker Focuses On Niches Where There's No Competition
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ICU Medical Q3 Profit Up As Revenues Grow 22%; Raises FY08 outlook- Update
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ICU Medical boosts Q2 Profits as Sales Stagnate
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ICU Medical, Inc. Reports First Quarter 2008 Results
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ICU Medical Earnings Beat Expectations
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ICU Medical, Inc. Reports Third Quarter 2007 Results
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ICU Medical, Inc. Launches First Hemodialysis Catheter Protection Device
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ICU Medical, Inc. Raises 2006 Earnings Targets and Reports Second Quarter Results
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Medegen Files Patent Infringement Lawsuit Against ICU Medical; Market Leader in Medical Devices Protects Innovation...
News & Analysis
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earnings and icu medical inc. and sales force management - All News and Analysis
ICU Medical Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Matt Dolan – Roth Capital. Matt Dolan – Roth Capital On the Hospira transition and specifically looking at the Critical care line that number came in still pretty strong despite the transition for...
ICU Medical, Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. The first question comes from the line of Stephen Simpson with Northland Securities. Stephen Simpson – Northland Securities I was curious if you were able or willing to break out, at least on a relative basis, the impact of those factors you mentioned on...
ICU Medical Inc. Q4 and Year-End 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Mitra Ramgopal with Sidoti & Company. Mitra Ramgopal - Sidoti & Company, LLC First if you can just sort of help me with the CLAVE sales. It was a lot stronger than I was expecting. I...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Francis J. O'Brien | Chief Financial Officer |
| Frank O'Brien | Chief Financial Officer |
| Alison Burcar | Vice President Marketing |
| Burcar Alison Brummett | Vice President Marketing |
| Greg Pratt | Vice President, Intl Sales & Marketing |
| Rich Costello | Vice President of Sales |
| Steve Riggs | Vice President of Operations |
| John J. Connors | Patent Attorney, Founder, Connors & Associates, Inc. |
| James Reitz | Director of Human Resources |
| Rob Houde | Director, Renal Division |
| Andre Schepers | Manager, Intl Business Dev |
| Carlo Bassoli | Manager |
| Michelle Olivo | Producst Specialist |
| Scott St Germain | Manager, Animal Health |
| Tim Shannon | Manager |
| Kevin McGrody | Controller |
| Robert S. Swinney | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| George Lopez | Chairman of the Board, President and Chief Executive Officer |
| Joseph R. Saucedo | Chairman and President, Bolsa Resources, Inc., Management Consulting Firm |
| Scott E. Lamb | Board of Directors |
| Michael T Kovalchik | Chairman |
| Richard H. Sherman | Board of Directors |
| Amanecer Calle | Board of Directors |
| Jack W. Brown | Board of Directors |
| Michael T. Kovalchick III | Board of Directors |
| Micharel T. Kovalchik | Board of Directors |
Chairman of the Board, President and Chief Executive Officer, ICU Medical, Inc. Dr. Lopez, 56, is the founder of the Company and has served as Chairman of the Board, President and Chief Executive Officer for more than five years. Dr. Lopez has held various offices and served as a director of the Company since its founding in 1984 with some interruptions in service.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Chairman of the Board, President and Chief Executive Officer | Current |
| ICU Medical, Inc. | Founder | Former |
| ICU Medical, Inc. | General Partner | Former |
| ICU Medical, Inc. | Board of Directors | Former |
Mr. Saucedo, 60, was elected to the Board of Directors in 2001 and is Chairman of the Audit Committee and a member of the Compensation Committee.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Chairman and President, Bolsa Resources, Inc., Management Consulting Firm | Current |
| ICU Medical, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Chief Financial Officer | Current |
| ICU Medical, Inc. | Secretary | Current |
| Ernst & Young | partner | Former |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Chief Financial Officer | Current |
Mr. Lamb became Controller in April 2003. Prior to joining ICU, he held various finance positions. The last two were at GE Medical Systems Information Technologies and Vitalcom, Inc.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Chief Financial Officer | Current |
| ICU Medical, Inc. | Board of Directors | Current |
| GE Medical Systems Information Technologies | Senior Director of Finance | Former |
| ICU Medical, Inc. | Controller | Former |
| Datum Inc | Division Controller | Former |
| University of Redlands | MBA | Former |
Ms. Burcar, 31, became Vice President of Marketing in August 2002, after having been Marketing Operations Manager since March 1998. Ms. Burcar has been with the Company since 1995.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Vice President Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Vice President Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Vice President, Intl Sales & Marketing | Current |
Mr. Costello, 40, became Vice President of Sales in December 1997, after having been National Sales Manager since August 1996 and a product specialist since 1992.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Vice President of Sales | Current |
Mr. Riggs, 45, became Vice President of Operations in August 2002, after having been Director of Operations since 1998. Mr. Riggs has been with the Company since 1992.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Vice President of Operations | Current |
Mr. Connors, 62, was elected to the Board of Directors in 1992 after also serving as a director from December 1988 to July 1989. Mr. Connors is a member of the Audit Committee and the Compensation Committee.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Patent Attorney, Founder, Connors & Associates, Inc. | Current |
| ICU Medical, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Director of Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Director, Renal Division | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Manager, Intl Business Dev | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Marketing Manager | Current |
| ICU Medical, Inc. | Producst Specialist | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Manager, Animal Health | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Chairman | Current |
| ICU Medical, Inc. | Director | Current |
| The Charlotte Hungerford Hospital | Chairman Ethics Committee | Former |
Dr. Sherman, 57, was elected to the Board of Directors in 1990 and is a member of the Compensation Committee and the Nominating/Corporate Governance Committee.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Physician and Assistant Chair | Current |
| ICU Medical, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Board of Directors | Current |
Mr. Brown, 64, was elected to the Board of Directors in 1992 and is a member of the Audit Committee and the Compensation Committee.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Board of Directors | Current |
Dr. Kovalchik, 58, was elected to the Board of Directors in 1989 and is the Chairman of the Compensation Committee and a member of the Nominating/Corporate Governance Committee.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Board of Directors | Current |
Dr. Swinney, 58, was elected to the Board of Directors in 1998 and also previously served as a director from 1989 to October 1995. Dr. Swinney is a member of the Compensation Committee and the Nominating/Corporate Governance Committee.
| Organization | Position | Status |
|---|---|---|
| ICU Medical, Inc. | Director | Current |
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