Cantel's Fiscal 2Q and Revised Outlook Disappoint; Lowering Our FVE
Narrow-moat Cantel Medical reported another soft quarter, with fiscal second-quarter financial performance falling short of both our and consensus expectations. We plan on lowering our $92 fair value estimate by a mid-single-digit percentage, although the stock appears modestly undervalued after the double-digit decline in share price after the earnings report. While the firm saw some sequential improvement in the organic growth trajectory of the troubled life sciences and dental segments, manag...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
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