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Mesa Laboratories, Inc. - $MLAB STOCK NEWS

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Mesa Laboratories (NASDAQ: MLAB) announced a delay in issuing its unaudited fourth quarter and full fiscal year 2024 financial results, initially scheduled for today. The delay is due to the finalization of year-end audit calculations and technical accounting for previously announced impairments in its Clinical Genomics and Biopharmaceutical Development divisions, as well as purchase accounting for GKE's acquisition. The Form 10-K filing deadline with the SEC is June 14, 2024. Mesa Laboratories is a global leader in life sciences tools and quality control solutions for regulated pharmaceutical, healthcare, and medical device industries.

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Mesa Laboratories (NASDAQ:MLAB) has revised the earnings announcement date for its unaudited fourth quarter and full fiscal year 2024 results to May 31, 2024. The press release, disclosing financial outcomes for the period ending March 31, 2024, will be issued at approximately 8:00 A.M. Eastern time on that day.

Mesa's Form 10-K, detailing these results, will also be filed on May 31. The delay is attributed to finalizing calculations and technical accounting for previously-announced impairments of long-lived assets and goodwill in the Clinical Genomics and Biopharmaceutical Development divisions. The deadline for this filing with the SEC is June 14, 2024.

Mesa Laboratories specializes in life sciences tools and critical quality control solutions for the pharmaceutical, healthcare, and medical device industries, ensuring product integrity and improving quality of life globally.

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Mesa Laboratories, Inc. (MLAB) closes $200 million Credit Agreement with JPMorgan Chase Bank, N.A., repurchases $75 million of 2025 Notes. The agreement includes a Term Loan and Revolver, both maturing in April 2029, with interest rates tied to SOFR. Funds will be used to pay down existing debt, operating expenses, and potential acquisitions.
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Mesa Laboratories, Inc. (MLAB) declares a regular quarterly dividend of $0.16 per share of common stock, payable on June 14, 2024. The announcement aims to reward shareholders and maintain investor confidence.
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Mesa Laboratories, Inc. (MLAB) is set to release its financial results for Q4 and fiscal year 2024 on May 24, 2024, at 8:00 A.M. Eastern time.
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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

MLAB Rankings

MLAB Stock Data

516.21M
5.19M
5.74%
91.81%
3.54%
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Manufacturing
Link
United States of America
LAKEWOOD

About MLAB

mesa laboratories, inc., develops, manufactures and markets high-quality process validation, monitoring and calibration instruments and consumables worldwide. mesa offers quality data loggers for monitoring temperature, humidity, and pressure and biological indicators (bis) for medical device and pharmaceutical manufacturing sterilization monitoring. the datatrace data loggers and mesa bis are available to monitor and validate applications including steam and eo sterilization, autoclave validation, incubators, heat tunnels and more. mesa’s bi offering also includes bis for industrial use, hydrogen peroxide (h2o2), chlorine dioxide and more. the phoenix meter is a point-of-use dialysate qc meter used prior to each procedure. the 90xl meter is the industry standard for calibration of dialysis machines in the field. also available are industry leading nist-traceable calibration solutions. mesa also offers cap torque testers which are durable, reliable and computerized cap torque analyzers