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Atrion Reports Second Quarter Results Release : 8/9/2021 4:00:00 PM -- ALLEN , Texas , Aug. 09 , 2021 ( GLOBE NEWSWIRE ) Atrion Corporation ( NASDAQ : ATRI ) today announced that for the second quarter ended June 30 , 2021 , revenues totaled $ 42.7 million compared with $ 38.0 million for the same period in 2020. Net income for the second quarter of 2021 totaled $ 8.9 million as compared to $ 8.6 million for the same period in 2020 , with diluted earnings per share for the second quarter of 2021 at $ 4.88 compared to $ 4.68 for the second quarter of 2020 . Commenting on results for the second quarter of 2021 , David Battat , President and CEO , stated , " In our press release announcing first quarter 2021 results , we highlighted that after three consecutive pandemic quarterly declines in sales during 2020 , we turned the corner in early 2021 and expected continued improvements as the year progressed . I am especially pleased that we met those expectations in the second quarter of this year with sequential increases of 9 % in revenues , 10 % in operating income and 16 % in net income . " Mr. Battat continued , " When comparing our quarterly results to the second quarter of 2020 , revenues were up 12 % while other measurements were mixed , reflecting increased manufacturing and other personnel costs to support the safety and financial needs of our employees due to the continuing pandemic . " Addressing the outlook for the remainder of 2021 , Mr. Battat added , " Barring major disruptions due to COVID - 19 , we expect the remaining quarters of the year to show increases in sales and operating income of approximately 25 % compared to the same quarters in 2020 . Consistent with our prior practices , we will return capital to our stockholders through increasing dividends and opportunistic purchases of our stock . Cash and short and long term investments totaled $ 80.0 million as of June 30 , 2021 , following the purchases of 17,123 shares of our common stock in the second quarter at an average price of $ 613 per share , for a total cost of $ 10.5 million . " Atrion Corporation develops and manufactures products primarily for medical applications . The Company's website is www.atrioncorp.com . Statements in this press release that are forward looking are based upon current expectations and actual results or future events may differ materially . Such statements include , but are not limited to , Atrion's expectations regarding results for the remaining quarters of 2021 and return of capital through increasing dividends and stock repurchases . Words such as " expects , " " believes , " " anticipates , " " forecasts , " " intends , " " should " , " plans , " " will " and variations of such words and similar expressions are intended to identify such forward - looking statements . Forward - looking statements contained herein involve numerous risks and uncertainties , and there are a number of factors that could cause actual results or future events to differ materially , including , but not limited to , the following : the risk that the COVID - 19 pandemic continues to lead to material delays and cancellations of , or reduced demand for , procedures in which our products are utilized ; curtailed or delayed capital spending by hospitals and other healthcare providers ; disruption to our supply chain ; closures of our facilities ; delays in training ; delays in gathering clinical evidence ; diversion of management and other resources to respond to the COVID - 19 outbreak ; the impact of global and regional economic and credit market conditions on healthcare spending ; the risk that the COVID - 19 virus continues to disrupt local economies and to cause economies in our key markets to enter prolonged recessions ; changing economic , market and business conditions ; acts of war or terrorism ; the effects of governmental regulation ; the impact of competition and new technologies ; slower - than - anticipated introduction of new products or implementation of marketing strategies ; implementation of new manufacturing processes or implementation of new information systems ; our ability to protect our intellectual property ; changes in the prices of raw materials ; changes in product mix ; intellectual property and product liability claims and product recalls ; the ability to attract and retain qualified personnel ; and the loss of , or any material reduction in sales to , any significant customers . In addition , assumptions relating to budgeting , marketing , product development and other management decisions are subjective in many respects and thus susceptible to interpretations and periodic review which may cause us to alter our marketing , capital expenditures or other budgets , which in turn may affect our results of operations and financial condition . The foregoing list of factors is not exclusive , and other factors are set forth in the Company's filings with the Securities and Exchange Commission . The forward - looking statements in this press release are made as of the date hereof , and we do not undertake any obligation , and disclaim any duty , to supplement , update or revise such statements , whether as a result of subsequent events , changed expectations or otherwise , except as required by applicable law . Contact : Jeffery Strickland Vice President and Chief Financial Officer ( 972 ) 390-9800 ATRION CORPORATION UNAUDITED CONSOLIDATED STATEMENTS OF INCOME ( In thousands , except per share data )