Report
Jake Strole
EUR 101.80 For Business Accounts Only

Cantel's first-quarter results position the company well for the rest of fiscal 2018.

Narrow-moat Cantel Medical got off to a strong start in fiscal 2018, with first-quarter results that were solidly in line with our expectations. As a result, we are leaving our $85 fair value estimate unchanged. Encouragingly, organic growth remained healthy, with overall organic revenue up 8.7% year on year, in line with our thinking. Reported revenue growth was up 13.3% after accounting for the impact of the BHT Group acquisition in the endoscopy segment, which closed in early August. Manageme...
Underlying
Cantel Medical Corp.

Cantel Medical is a provider of infection prevention products and services in the healthcare market. The company has four segments: Medical, which designs, develops, manufactures, sells and installs products and services comprising a circle of infection prevention solutions; Life Sciences, which designs, develops, manufactures, sells, and installs water purification systems; Dental, which designs, manufactures, sells, supplies and distributes infection prevention healthcare products; and Dialysis, which designs, develops, manufactures, sells and services reprocessing systems and sterilants for dialyzers, as well as dialysate concentrates and supplies utilized for renal dialysis

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jake Strole

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