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Mesa Laboratories (MLAB) Company Profile

Updated Jun 2, 2020
Mesa Laboratories has the following business profile:
Company's Full Name:Mesa Laboratories, Inc.
Short Name:Mesa Laboratories
Trading Ticker Symbol:MLAB
Primary Exchange:NASDAQ
Headquarter City/Country:Colorado, CO
Primary Industry Sector:Capital Goods
Seconday Sub-sector:Industrial Machinery and Components
Main Business Areas: Capital Goods, Industrial Machinery and ComponentsScientific & Technical Instruments
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Mesa Laboratories stock

Market and Trading Information for Mesa Laboratories

The following details were available for trading and market data about the stock of Mesa Laboratories as of writing:
Current Share Price:$249.15
Previous Year's Closing Price:$249.4
Percentage Price Change (YTD):-0.1%
Market Cap:$1.09 billion
52-week Price Range:$181.9 - $271.46
Dividend Per Share:$0.64
EPS (TTM):1.03
Price-Earnings (Trailing):241.66
Price-Earnings (Forward):60.33

Company Profile and Business Description for Mesa Laboratories

Mesa Laboratories, Inc., incorporated on March 26, 1982, is focused primarily on quality control products and services. The Company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators and Cold Chain. The Instruments Division designs, manufactures and markets quality control instruments and disposable products utilized in connection with the healthcare, pharmaceutical, food and beverage, medical device, industrial hygiene, environmental air sampling and semiconductor industries. Its Biological Indicators Division provides testing services, along with the manufacturing and marketing of biological indicators and distribution of chemical indicators used to assess the effectiveness of sterilization processes, including steam, hydrogen peroxide, ethylene oxide and radiation, in the hospital, dental, medical device and pharmaceutical industries. Its Continuous Monitoring Division designs, develops and markets systems, which are used to monitor various environmental parameters, such as temperature, humidity and differential pressure in hospitals, pharmaceutical and medical device manufacturers, blood banks, pharmacies and various other laboratory and industrial environments. Its Cold Chain Division provides parameter (primarily temperature) monitoring of products in a cold chain, consulting services, such as compliance monitoring, packaging development and validation or mapping of transport and storage containers, and thermal packaging products, such as coolers, boxes, insulation materials and phase-change products to control temperature during transport.

The Company's Lakewood, Colorado, and Butler, New Jersey, facilities manufacture its Instruments Division products, which include the DataTrace, DialyGuard, DryCal, Torqo, SureTorque and BGI brands. Its Omaha, Nebraska, and Bozeman, Montana locations manufacture its Biological Indicators Division products, which include the Mesa, PCD and Apex brands, while its Lakewood, Colorado, facility also manufactures its Continuous Monitoring Division products, which include CheckPoint and AmegaView brands. Its Markham, Ontario facility manufactures its Mesa brand real time monitoring solutions and outsources the manufacture of its TempTrust brand of packaging materials.

Instruments Division

The Company's instrument products are used for testing, quality control, safety, validation and regulatory compliance. The Company's Instruments Division products include Data loggers, which are used in critical manufacturing and quality control processes in the food, pharmaceutical and medical device industries; Medical meters and calibration solutions, which are used for quality control in dialysis clinics and dialysis machine manufacturing operations; Gas flow calibration and air sampling equipment, which are used for industrial hygiene assessments, calibration of gas metering equipment and environmental air monitoring by a range of organizations, including metrology labs, manufacturing companies and government agencies, and torque testing systems, which are used to measure bottle cap tightness in the beverage and pharmaceutical industries. Its data logger products are self-contained, wireless, high precision instruments that are used in critical manufacturing, quality control and validation applications. The products consist of individual data loggers, a personal computer (PC) interface, software and various accessories.

The Company's medical meters are used to test various parameters of the dialysis fluid (dialysate), and the calibration and operation of the dialysis machine. Each measures some combination of temperature, pressure, potential of Hydrogen (Ph) and conductivity to ensure that the dialysate has the proper composition to promote the transfer of waste products from the blood to the dialysate. The meters provide a digital readout that the patient, physician or technician uses to verify that the dialysis machine is working within prescribed limits and delivering prepared dialysate. The Company manufactures over two styles of medical meters, including those designed for use by dialysis machine manufacturers and biomedical technicians, and those used primarily by dialysis nurses. The Company manufactures a range of instruments and equipment for gas flow calibration and environmental air sampling. The primary products include air samplers, particle separators and pumps.

The Company also manufactures gas flow calibration instruments to support the use of its air sampling equipment, and for industrial applications. Its gas flow calibration instruments provide the standards required by laboratories and industry in the design, development, manufacture, installation and calibration of various gas flow meters and air sampling devices. Its automated torque testing systems are motorized cap torque analyzers used throughout the packaging industry. Its torque systems provide the information that helps the packaging operation track events, and potential problems during the manufacturing process so that corrections can be performed in a timely fashion. Industries utilizing these instruments include food processors, beverage companies, pharmaceutical, and consumer product manufacturers.

Biological Indicators Division

The Biological indicators Division consists of resistant spores of certain microorganisms that are applied on a substrate, such as a small piece of filter paper. In use, the biological indicator is exposed to a sterilization process and then tested to determine the presence of surviving organisms. Its biological indicators include spore strips, which require post-processing transfer to a growth media; self-contained products, which have the growth media already pre-packaged in crushable ampoules; culture media, and process challenge devices (PCDs). Chemical indicators are similar to biological indicators, except that a chemical change (generally determined by color) is used to assess the exposure to sterilization conditions. Biological indicators are used to validate equipment and monitor the effectiveness of a process in any industrial or healthcare setting, which uses sterilization. Its markets include healthcare, such as dental offices and hospitals, and industrial, such as medical device and pharmaceutical manufacturers.

Continuous Monitoring Division

The Continuous monitoring systems are used in controlled environments, such as refrigerators, freezers, warehouses, laboratory incubators, clean rooms and various other settings. The continuous monitoring systems consist of wireless sensors that are placed in controlled environments, hardware modules to receive the wireless data, and various software programs to collect, store and process the data. Its systems are designed to operate continuously, providing data around the clock. A critical function of its systems is the ability to provide local alarms and notifications via e-mail, text or telephone, in the case where established environmental conditions are exceeded.

Cold Chain Division

The Company provides a suite of products and services to help its customers meet the requirements of their Good Distribution Practices (GDP) regulations. The Cold Chain Division includes packaging materials that control temperatures for approximately 170 hours during transport; package development and testing capability to help in the design and validation of custom packaging solutions, and Web-based monitoring products that allow for measurement of parameters (primarily temperature) throughout a cold chain, from point of manufacture or collection, all the way to point of use.

The Company competes with Myron L Company, IBP Medical GmbH, Amphenol Corporation, Ellab, TMI Orion, Danaher, Inc., Thermo Fisher Scientific, Inc., Mecmesin, Steinfurth, Met One Instruments, Inc., Tisch Environmental, 3M, Terragene, Crosstex, Steris, Rees Scientific Corporation, Amphenol Corporation, Cooper-Atkins, Sonoco Thermosafe, Cold Chain Technologies, Inc., Pelican Biothermal LLC and Cryopak.

12100 W 6th Ave

ETFs Holding Mesa Laboratories Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Mesa Laboratories stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Mesa Laboratories stock holding. There are a total of 57 ETFs in records which are holding Mesa Laboratories stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
No. of
FHLCFidelity MSCI Health Care Index ETFThe Fidelity MSCI Health Care ETF tracks a market-cap-weighted index of stocks in the broad US health care sector. ...Full Details0.08%345
Full List
IHIiShares US Medical Devices ETFThe iShares Dow Jones U.S. Medical Devices Index Fund tracks a market-cap-weighted index of manufacturers and distributors of medical devices in the US. ...Full Details0.43%59
Full List
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
MMTMSPDR S&P 1500 Momentum Tilt ETFThe SPDR S&P 1500 Momentum Tilt ETF tracks a tiered index that weights securities from the S&P 1500 according to a combination of their market capitalization and their price momentum over the previous 12 months. ...Full Details0.12%1240
Full List
SCHBSchwab US Broad Market ETFThe Schwab U.S. Broad Market ETF tracks a cap-weighted index of the largest 2,500 stocks in the US. ...Full Details0.03%2365
Full List
SPTMSPDR Portfolio Total Stock Market ETFThe SPDR Portfolio Total Stock Market ETF tracks a propritary index designed to provide exposure to broad US equities, covering the entire market-cap spectrum. ...Full Details0.03%2369
Full List
VHTVanguard Healthcare ETFThe Vanguard Health Care ETF tracks the MSCI U.S. Investable Market Health Care 25/50 Index, which includes health care stocks pulled from the top 98% of the total US stock market capitalization. ...Full Details0.1%365
Full List
VTHRVanguard Russell 3000 ETFThe Vanguard Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum including micro-caps. ...Full Details0.15%1581
Full List
VTIVanguard Total Stock Market ETFThe Vanguard Total Stock Market ETF tracks a cap-weighted index that measures the investable US equities market, encompassing the entire market-cap spectrum. ...Full Details ...Candlestick Patterns.0.04%1515
Full List

See Full List of ETFs holding Mesa Laboratories stock in their respective portfolios.

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