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Mesa Laboratories Inc. (NASDAQ: MLAB) is a prominent global entity dedicated to the development, manufacturing, and marketing of superior process validation, monitoring, and calibration instruments and consumables. The company plays a crucial role across numerous regulated applications in the pharmaceutical, healthcare, and medical device sectors, making it a vital player in ensuring product integrity, enhancing patient and worker safety, and elevating the overall quality of life.
Mesa Laboratories operates through four main divisions, each catering to specific industry needs:
- Sterilization and Disinfection Control: This division focuses on producing and selling biological, cleaning, and chemical indicators, alongside offering testing and laboratory services. Their products are indispensable in medical device and pharmaceutical manufacturing sterilization monitoring, including various sterilization methods like steam, EO, H2O2, and chlorine dioxide.
- Biopharmaceutical Development: Specializing in automated systems for protein analysis and peptide synthesis, this segment supports the critical needs of the biopharmaceutical sector, ensuring rigorous quality control and reliability.
- Calibration Solutions: Mesa's offerings in this division include high-quality data loggers for temperature, humidity, and pressure monitoring, as well as NIST-traceable calibration solutions for various parameters essential for health and safety compliance.
- Clinical Genomics: This division caters to the evolving needs of genomic testing and diagnostics, providing advanced solutions that uphold the highest standards of accuracy and reliability.
Among its notable products, Mesa's Phoenix meter and the 90XL meter stand out. The Phoenix meter is a point-of-use dialysate QC meter, whereas the 90XL meter serves as the industry benchmark for dialysis machine calibration.
Financially, Mesa has recently navigated several strategic moves, including the acquisition of GKE entities, which are projected to add significant revenue. Despite facing challenges like the economic slowdown in China impacting their Clinical Genomics division, Mesa has shown resilience with sequential revenue growth driven by their Calibration Solutions division.
Mesa's commitment to innovation and quality is further highlighted by their ongoing projects and partnerships intended to expand their product lines and market reach. The company is focused on leveraging synergies from acquisitions and refining their business strategy, particularly in their Clinical Genomics division, to adapt to regulatory changes and market demands.
For the latest updates and in-depth information about Mesa Laboratories Inc., visit their official website at www.mesalabs.com.
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Mesa Laboratories, Inc. announces the release of its second annual Environmental, Social, and Governance Program Brochure, showcasing its commitment to sustainability and transparency. The brochure highlights Mesa's acquisition of GKE, incorporation of greenhouse gas emissions data, and dedication to Protecting the Vulnerable®. The Company's ESG Taskforce and Board of Directors drive responsible business practices, positioning Mesa as a leader in global sustainability efforts.
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Mesa Laboratories, Inc. (MLAB) reported a 1.5% decrease in revenues for the third fiscal quarter of 2024 compared to the same period in 2023. The company's operating income decreased by 102%, but non-GAAP adjusted operating income excluding unusual items increased by 7.3% compared to the previous quarter. The Sterilization and Disinfection Control division saw a 4.8% organic decline in revenues, while the Calibration Solutions division experienced a 12.9% organic growth. Clinical Genomics and Biopharmaceutical Development divisions faced significant organic declines. Overall, Mesa Laboratories is navigating challenging market conditions and economic uncertainties.
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Mesa Laboratories, Inc. (MLAB) appoints Mark Capone to its Board of Directors, effective January 5, 2024. Capone, an accomplished life sciences executive, brings significant leadership and acquisitions experience. The Board aims to leverage Capone's insights for Mesa's growth strategy and value proposition to customers, employees, and shareholders.
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Mesa Laboratories, Inc. (NASDAQ:MLAB) declares regular quarterly dividend of $0.16 per share of common stock
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Mesa Laboratories, Inc. (NASDAQ:MLAB) completed the acquisition of GKE-GmbH's sterilization indicators business and its accredited, independent testing lab SAL GmbH on October 16th, 2023. They also acquired GKE's Chinese sales entity, Beijing GKE Science & Technology Co. LTD ('GKE China') on December 31, 2023. The acquisitions are expected to add €19-€20 million of revenues over the next 12 months and deliver mid-single digit organic revenues growth over the next several years. Gross profit as a percentage of revenues is expected to be in line with their existing SDC business, and adjusted operating income as a percentage of revenues is projected to approach 37%-40% over the next 12 months.
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Mesa Laboratories, Inc. (NASDAQ:MLAB) will release its Q3 fiscal year 2024 financial results on February 5, 2024, at 8:00 A.M. Eastern time.
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Mesa Laboratories, Inc. announced its second fiscal quarter results for 2Q24. Revenues decreased by 9.5%, but increased by 5.0% compared to 1Q24. Non-GAAP core organic revenues decreased by 10.1%, but increased by 2.7% compared to 1Q24. Operating income decreased by 101.5%. The company implemented cost control actions expected to generate annual savings of approximately $2,000 starting in 3Q24.
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Mesa Laboratories, Inc. declares quarterly dividend of $0.16 per share of common stock.
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Mesa Laboratories, Inc. (NASDAQ:MLAB) to release Q2 FY2024 financial results on November 6, 2023.
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Mesa Labs commits to calculate and disclose greenhouse gas emissions by August 2024 Annual Meeting of Shareholders as part of its sustainability roadmap. CEO emphasizes focus on improving efficiency and reducing waste and energy consumption. This will provide a comprehensive view of the Company's emissions.
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FAQ
What is the current stock price of Mesa Laboratories (MLAB)?
The current stock price of Mesa Laboratories (MLAB) is $109.09 as of November 22, 2024.
What is the market cap of Mesa Laboratories (MLAB)?
The market cap of Mesa Laboratories (MLAB) is approximately 565.5M.
What does Mesa Laboratories Inc. do?
Mesa Laboratories Inc. develops, manufactures, and markets high-quality process validation, monitoring, and calibration instruments and consumables worldwide, serving the pharmaceutical, healthcare, and medical device industries.
What are the main divisions of Mesa Laboratories?
Mesa operates through four divisions: Sterilization and Disinfection Control, Biopharmaceutical Development, Calibration Solutions, and Clinical Genomics.
What are some notable products from Mesa Laboratories?
Notable products include the Phoenix meter for dialysate QC and the 90XL meter for dialysis machine calibration, as well as quality data loggers for temperature, humidity, and pressure monitoring.
How has Mesa Laboratories performed financially recently?
Despite challenges, Mesa showed sequential revenue growth driven by their Calibration Solutions division. Recent strategic acquisitions, like GKE, are expected to add significant revenue.
What are Mesa Laboratories' recent strategic moves?
Mesa acquired the GKE entities, expanded its bank credit facility, repurchased convertible notes, restructured its Clinical Genomics division, and reduced inventory to improve financial health.
How does Mesa Laboratories ensure product integrity and safety?
Mesa offers high-quality control products and services, including biological, chemical indicators and extensive testing and laboratory services to ensure stringent industry standards are met.
What kind of services does the Biopharmaceutical Development division offer?
This division develops automated systems for protein analysis (immunoassays) and peptide synthesis, supporting critical quality control in the biopharmaceutical sector.
What impact did the acquisition of GKE have on Mesa Laboratories?
The acquisition of GKE is projected to add significant revenue and synergies to Mesa's Sterilization and Disinfection Control division, complementing their existing product lines.
What has been the impact of the economic slowdown on Mesa Laboratories?
The economic slowdown, particularly in China, has impacted Mesa's Clinical Genomics division, leading to revenue headwinds, though other divisions like Calibration Solutions showed growth.
Where can I find more information about Mesa Laboratories Inc.?
For more information, visit Mesa Laboratories' official website at www.mesalabs.com.
Mesa Laboratories Inc
Nasdaq:MLAB
MLAB Rankings
MLAB Stock Data
565.55M
5.12M
5.79%
91.91%
2.77%
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
United States of America
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