Overview
- IndustrySurgical & Medical Instruments & Apparatus1
- HeadquartersAllen, Texas1
- Incorporated inDE2
- Business addressOne Allentown Parkway, Allen, Tx 750022
- Filer categoryNon-accelerated filer2
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Atrion Corporation and its subsidiaries (”we,” “our,” “us,” “Atrion,” or the “Company”) develop and manufacture products, primarily for medical applications. Our medical products are used in a number of fields including fluid delivery, cardiovascular, and ophthalmic applications.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue0¢$106.9K
- Research and development0¢$6.7K
- Other costs87¢$146.8M
- Interest0¢$149
- Income tax2¢$3.0M
- Profit11¢$19.4M
Out of $169.3M in revenue.5
Where each dollar of operating cash went, fiscal 2023
- Capital spending57¢$22.3K
- Dividends paid39¢$15.3K
- Share buybacks4¢$1.7K
Out of $20.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $146.6M6 | $152.4M7 | $155.1M8 | $147.6M9 | $165.0M5 | $183.5M5 | $169.3M5 |
| Cost of revenue | $75.8M6 | $80.7M6 | $84.4M6 | $81.4M9 | $95.6K5 | $107.6K5 | $106.9K5 |
| Gross profit | $70.8M6 | $71.8M7 | $70.7M8 | $66.2M9 | $69.4K5 | $75.9K5 | $62.4K5 |
| Research and development | $5.8M6 | $5.5M7 | $5.0M8 | $5.6M9 | $5.7K5 | $5.5K5 | $6.7K5 |
| Operating expenses | $33.3K5 | $36.2K5 | $39.8K5 | ||||
| Operating income | $41.3M6 | $41.7M7 | $40.5M8 | $35.7M9 | $36.0K5 | $39.7K5 | $22.6K5 |
| Interest | $05 | $05 | $1495 | ||||
| Income before tax | $38.4K5 | $40.6K5 | $22.4K5 | ||||
| Income tax | $5.7M6 | $7.8M7 | $6.4M8 | $6.4M9 | -$5.4M5 | -$5.6M5 | -$3.0M5 |
| Net income | $36.6M6 | $34.3M7 | $36.8M8 | $32.1M9 | $33.1M5 | $35.0M5 | $19.4M5 |
| Earnings per share | $19.826 | $18.497 | $19.828 | $17.499 | $18.225 | $19.595 | $11.025 |
| Earnings per share (diluted) | $19.716 | $18.447 | $19.738 | $17.449 | $18.185 | $19.565 | $11.025 |
| Shares (weighted, basic) | 1.8M shares5 | 1.8M shares5 | 1.8M shares5 | ||||
| Shares (weighted, diluted) | 1.8M shares5 | 1.8M shares5 | 1.8M shares5 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $30.1M7 | $58.8M8 | $45.0M8 | $22.4M8 | $32.3M9 | $4.7M5 | $3.6M5 |
| Receivables | $21.0M9 | $24.0K5 | $23.0K5 | ||||
| Inventory | $50.8M9 | $65.8M5 | $82.3M5 | ||||
| Current assets | $115.2M12 | $122.3M6 | $132.3M7 | $112.3M8 | $136.6M9 | $119.4K5 | $114.8K5 |
| Property, plant and equipment | $98.0M9 | $123.8K5 | $125.3K5 | ||||
| Goodwill | $9.7M9 | $9.7K5 | $9.7K5 | ||||
| Intangible assets | $1.3M9 | $1.2M9 | $1.1K5 | ||||
| Total assets | $203.8M12 | $231.2M6 | $262.0M7 | $266.9M8 | $267.3M9 | $264.7K5 | $260.8K5 |
| Accounts payable | $7.1M9 | $12.1K5 | $6.6K5 | ||||
| Current liabilities | $9.6M12 | $10.2M6 | $11.3M7 | $13.6M8 | $13.3M9 | $18.1K5 | $12.6K5 |
| Total liabilities | $19.4M12 | $20.4M6 | $24.2M7 | $26.4M8 | $23.0M9 | $25.2K5 | $17.9K5 |
| Retained earnings | $357.3M9 | $377.7K5 | $381.8K5 | ||||
| Shareholders’ equity | $184.4M7 | $210.8M8 | $237.9M9 | $240.4K5 | $244.3K5 | $239.5K5 | $242.9K5 |
| Shares outstanding | 1.8M shares13 | 1.9M shares14 | 1.9M shares12 | 1.9M shares15 | 1.8M shares7 | 1.8M shares8 | 1.8M shares9 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $47.0M6 | $43.2M7 | $42.5M8 | $39.2M9 | $38.8K5 | $28.8K5 | $20.0K5 |
| Depreciation and amortization | $12.9K5 | $13.8K5 | $15.1K5 | ||||
| Stock-based compensation | $2.3K5 | $1.7K5 | $1.5K5 | ||||
| Capital spending | $9.7M6 | $17.5M6 | $20.4M6 | $21.9M9 | $15.8K5 | $33.7K5 | $22.3K5 |
| Free cash flow | $37.4M | $25.7M | $22.0M | $17.3M | $23.0K | -$4.9K | -$2.3K |
| Cash from investing | $2.0K5 | -$15.3K5 | -$4.1K5 | ||||
| Dividends paid | $8.3M6 | $9.4M6 | $10.8M6 | $13.4K5 | $14.6K5 | $15.3K5 | |
| Share buybacks | $012 | $012 | $17.0K5 | $25.8K5 | $1.7K5 | ||
| Cash from financing | -$31.0K5 | -$41.0K5 | -$17.0K5 | ||||
| Dividend per share | $5.107 | $5.808 | $6.609 | $7.405 | $8.205 | $8.705 |
Corporate structure
ATRION CORP sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ATRION CORP
- GLAZER CAPITAL, LLC Filed SC 13G/A on ATRION CORP, latest Nov 14, 2024 (2 filings since Jul 26, 2024)
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SC 13G/A on ATRION CORP, latest Sep 9, 2024 (4 filings since Feb 14, 2022)
- David A. Battat Filed SC 13D/A on ATRION CORP, latest Aug 22, 2024 (2 filings since May 29, 2024)
- Emile A. Battat Filed SC 13D/A on ATRION CORP, latest Aug 22, 2024 (2 filings since May 29, 2024)
- John P. Stupp Jr. Filed SC 13D/A on ATRION CORP, latest Aug 22, 2024 (2 filings since May 29, 2024)
- STUPP BROS INC Filed SC 13D/A on ATRION CORP, latest Aug 22, 2024 (2 filings since May 29, 2024)
- Nordson Corporation Filed SC 13D/A on ATRION CORP, latest Aug 21, 2024 (2 filings since May 30, 2024)
- Neuberger Berman Filed SC 13G/A on ATRION CORP, latest Jul 2, 2024 (4 filings since Feb 11, 2022)
- T. Rowe Price Investment Management, Inc. Filed SC 13G on ATRION CORP, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
- BlackRock Filed SC 13G/A on ATRION CORP, latest Jan 29, 2024 (3 filings since Feb 1, 2022)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on ATRION CORP, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- ATRION CORP Allen, Texas
- AlaTenn Pipeline Company LLC Subsidiary · Alabama, United States
- Atrion Leasing Company LLC Subsidiary · Alabama, United States
- Atrion Medical Products, Inc. Subsidiary · Delaware, United States
- Halkey-Roberts Corporation Subsidiary · Delaware, United States
- Quest Medical, Inc. Subsidiary · Texas, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ATRION CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $286.4M5 Dec 31, 2023 | $270.6M5 Dec 31, 2022 | +5.8% |
| Accumulated depreciation | $161.1K5 Dec 31, 2023 | $146.9K5 Dec 31, 2022 | +9.7% |
| Property and equipment, net | $125.3K5 Dec 31, 2023 | $123.8K5 Dec 31, 2022 | +1.3% |
| Finance-lease assets | $206.0K5 Dec 31, 2023 | $683.0K9 Dec 31, 2022 | −69.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $3.6M5 Dec 31, 2023 | $4.7M5 Dec 31, 2022 | −24.6% |
| Marketable securities, current | $2.7M5 Dec 31, 2023 | $21.2M5 Dec 31, 2022 | −87.3% |
| Long-term investments | $8.2M5 Dec 31, 2023 | $8.7M5 Dec 31, 2022 | −5.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $9.7K5 Dec 31, 2023 | $9.7K5 Dec 31, 2022 | 0% |
| Intangible assets, net (excluding goodwill) | $1.2M9 Dec 31, 2022 | $1.3M9 Dec 31, 2021 | −9.0% |
| Accumulated amortization | $12.8M5 Dec 31, 2023 | $12.7M5 Dec 31, 2022 | +0.9% |
| Finite-lived intangibles, net | $1.1K5 Dec 31, 2023 | $1.2K5 Dec 31, 2022 | −9.5% |
Inventory
Leadership
Who has led ATRION CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerDavid A. Battat Feb 16, 2012 to Aug 21, 202416
- Chief executive officerEmile A. Battat Aug 9, 2006 to Dec 6, 201017
- ChairEmile A. Battat Aug 9, 2006 to Jul 3, 202317
- PresidentDavid A. Battat May 24, 2007 to Aug 21, 202418
- PresidentEmile A. Battat Aug 9, 2006 to May 8, 200717
- Chief financial officerCindy Ferguson Mar 6, 2023 to Aug 21, 202419
- Chief financial officerJeffery Strickland Jan 24, 2006 to Mar 7, 202320
- Chief operating officerDavid A. Battat May 24, 2007 to Dec 7, 201018
Board members and other officers (8)
- Board memberDavid A. Battat Jul 3, 2023 to Jul 3, 202321
- Board memberJeannette Bankes Sep 20, 2023 to Aug 21, 202422
- Board memberEmile A. Battat Jun 28, 2022 to Aug 21, 202423
- Board memberPreston G. Athey Mar 16, 2017 to Aug 21, 202424
- Board memberHugh J. Morgan Jr. May 18, 2007 to May 25, 202325
- Board memberJohn P. Stupp Jr. Jun 14, 2007 to Aug 21, 202426
- Board memberRoger F. Stebbing Jul 2, 2007 to May 25, 201727
- Board memberRonald N. Spaulding Mar 9, 2006 to Mar 9, 200628
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- AlaTenn Pipeline Company LLC Alabama3
- Atrion Leasing Company LLC Alabama3
- Atrion Medical Products, Inc. Delaware3
- Halkey-Roberts Corporation Delaware3
- Quest Medical, Inc. Texas3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- ALATENN RESOURCES INCNov 14, 1995 to Mar 18, 19962
Timeline
- Aug 21, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer29
- Aug 20, 20248-K Shareholder vote30
- Aug 9, 20248-K Results of operations31
- Aug 9, 20248-K Other events32
- May 29, 20248-K Entered a material agreement33
- May 28, 20248-K Regulation FD disclosure34
- May 24, 20248-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote35
- May 10, 20248-K Results of operations36
- Feb 29, 20248-K Results of operations37
- Dec 28, 20238-K Entered a material agreement; New debt or obligation; Executive or director change38
- Nov 7, 20238-K Results of operations39
- Sep 20, 20238-K Executive or director change; Regulation FD disclosure40
- Feb 16, 2012New chief executive David A. Battat becomes CEO16
- Aug 9, 2006New chief executive Emile A. Battat becomes CEO17
Calendar
When it reported results
- Aug 9, 2024Reported quarterly or annual results31
- May 10, 2024Reported quarterly or annual results36
- Feb 29, 2024Reported quarterly or annual results37
- Nov 7, 2023Reported quarterly or annual results39
- Aug 8, 2023Reported quarterly or annual results41
- May 8, 2023Reported quarterly or annual results42
- Feb 27, 2023Reported quarterly or annual results43
- Nov 8, 2022Reported quarterly or annual results44
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
151 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 26 major events, 61 insider forms, 27 large holders, 24 other. The latest 20:
- Nov 14, 2024SC 13G/A EDGAR
- Sep 9, 2024SC 13G/A EDGAR
- Sep 3, 202415-12G EDGAR
- Aug 22, 2024SC 13D/A EDGAR
- Aug 22, 2024SC 13D/A EDGAR
- Aug 22, 2024SC 13D/A EDGAR
- Aug 22, 2024SC 13D/A EDGAR
- Aug 21, 20244 PRIMARY DOCUMENT EDGAR
- Aug 21, 20244 PRIMARY DOCUMENT EDGAR
- Aug 21, 20244 PRIMARY DOCUMENT EDGAR
- Aug 21, 20244 PRIMARY DOCUMENT EDGAR
- Aug 21, 20244 PRIMARY DOCUMENT EDGAR
- Aug 21, 202425-NSE EDGAR
- Aug 21, 20244 PRIMARY DOCUMENT EDGAR
- Aug 21, 2024SC 13D/A EDGAR
- Aug 21, 2024S-8 POS EDGAR
- Aug 21, 2024S-8 POS EDGAR
- Aug 21, 2024S-8 POS EDGAR
- Aug 21, 2024S-8 POS EDGAR
- Aug 21, 2024S-8 POS EDGAR
The 151 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
6 open-market trades by officers, directors and large owners since October 2021: 3 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 1, 2023 | Athey Preston GDirector | Buy | 300 | $319.68 | $95.9K | Form 4 |
| Nov 16, 2023 | Battat David APresident & CEO | Buy | 300 | $300.00 | $90.0K | Form 4 |
| Aug 15, 2023 | Athey Preston GDirector | Buy | 200 | $523.35 | $104.7K | Form 4 |
| Oct 26, 2022 | STRICKLAND JEFFERYOfficer/ CFO | Sale | 1,000 | $675.00 | $675.0K | Form 4 |
| Dec 20, 2021 | BATTAT EMILE ADirector | Sale | 3 | $713.00 | $2.1K | Form 4 |
| Dec 14, 2021 | BATTAT EMILE ADirector | Sale | 261 | $683.45 | $178.4K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GLAZER CAPITAL, LLCSC 13G/A, 2 filings Jul 26, 2024 to Nov 14, 202445
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLCSC 13G/A, 4 filings Feb 14, 2022 to Sep 9, 202446
- David A. BattatSC 13D/A, 2 filings May 29, 2024 to Aug 22, 202447
- Emile A. BattatSC 13D/A, 2 filings May 29, 2024 to Aug 22, 202448
- John P. Stupp Jr.SC 13D/A, 2 filings May 29, 2024 to Aug 22, 202449
- STUPP BROS INCSC 13D/A, 2 filings May 29, 2024 to Aug 22, 202450
- Nordson CorporationSC 13D/A, 2 filings May 30, 2024 to Aug 21, 202451
- Neuberger BermanSC 13G/A, 4 filings Feb 11, 2022 to Jul 2, 202452
- T. Rowe Price Investment Management, Inc.SC 13G, 2 filings Feb 14, 2023 to Feb 14, 202453
- BlackRockSC 13G/A, 3 filings Feb 1, 2022 to Jan 29, 202454
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202355
SEC filer profile
How ATRION CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARATRION CORP1
- CIK0000701288
- Employer ID (EIN)63-08218191
- Filer statusNon-accelerated filer1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business addressOne Allentown Parkway, Allen, TX 750021
- Phone97239098001
- Shares outstanding1,759,954 as of Jul 26, 202411
- Public float$767.0M as of Jun 30, 20235
- On EDGAR sinceFeb 14, 19951
- Filings859 in all: 4 (295), 8-K (141), 10-Q (89), SC 13G/A (77), DEF 14A (30), 10-K (25), DEFA14A (21), SC 13G (17)1
All 45 form types
4/A (16), ARS (16), 5 (14), SC 13D/A (11), SD (11), S-8 POS (10), S-8 (9), SC TO-I/A (7), 3 (6), SC 13D (6), SC 13E4/A (6), 10-K405 (5), 8-K/A (5), UPLOAD (5), CORRESP (4), PRE 14A (4), PREC14A (3), SC 13E4 (3), 10-K/A (2), SC TO-C (2), SC TO-I (2), U-3A-2 (2), 10-C (1), 10-K405/A (1), 10-Q/A (1), 144 (1), 15-12G (1), 25-NSE (1), 8-A12B (1), AW (1), DEFM14A (1), DEFS14A (1), DFAN14A (1), POS AM (1), PREM14A (1), PRES14A (1), U-3A-2/A (1)
- Latest filingsAnnual report (10-K) Feb 29, 2024
Quarterly report (10-Q) Aug 9, 2024
Proxy statement (DEF 14A) Apr 9, 2024
Latest 8-K (8-K) Aug 21, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARATRION CORP filings on SEC EDGAR
- 2SEC EDGARATRION CORP filings on SEC EDGAR
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- 4
- 5SEC EDGARATRION CORP 10-K for fiscal 2023
- 6SEC EDGARATRION CORP 10-K for fiscal 2017
- 7SEC EDGARATRION CORP 10-K for fiscal 2018
- 8SEC EDGARATRION CORP 10-K for fiscal 2019
- 9SEC EDGARATRION CORP 10-K for fiscal 2020
- 10SEC EDGARATRION CORP 10-Q for fiscal 2024
- 11SEC EDGARATRION CORP 10-Q for fiscal 2024
- 12SEC EDGARATRION CORP 10-K for fiscal 2017
- 13SEC EDGARATRION CORP 10-K for fiscal 2017
- 14SEC EDGARATRION CORP 10-K for fiscal 2018
- 15SEC EDGARATRION CORP 10-K for fiscal 2020
- 16
- 17
- 18SEC EDGARDavid A. Battat, President
- 19
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- 21SEC EDGARDavid A. Battat, Board member
- 22SEC EDGARJeannette Bankes, Board member
- 23SEC EDGAREmile A. Battat, Board member
- 24SEC EDGARPreston G. Athey, Board member
- 25SEC EDGARHugh J. Morgan Jr., Board member
- 26SEC EDGARJohn P. Stupp Jr., Board member
- 27SEC EDGARRoger F. Stebbing, Board member
- 28SEC EDGARRonald N. Spaulding, Board member
- 29
- 30SEC EDGARShareholder vote
- 31SEC EDGARResults of operations
- 32SEC EDGAROther events
- 33SEC EDGAREntered a material agreement
- 34SEC EDGARRegulation FD disclosure
- 35
- 36SEC EDGARResults of operations
- 37SEC EDGARResults of operations
- 38
- 39SEC EDGARResults of operations
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
- 51
- 52
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- 54SEC EDGARBlackRock SC 13G/A on ATRION CORP
- 55