earnings
confidence high
sentiment negative
materiality 0.75
Integra Q3 revenues down 0.7%, GAAP EPS $0.24; adjusts FY23 guidance lower
INTEGRA LIFESCIENCES HOLDINGS CORP
2023-Q3 EPS reported
$0.59
revenue$1,144,534,000
- Q3 revenue $382.4M, reported -0.7% YoY; organic ex-Boston +7.1%.
- GAAP EPS $0.24 vs $0.60; adjusted EPS $0.76 vs $0.86.
- Codman Specialty Surgical +7.4% organic; Tissue Technologies -15.1% organic due to Boston recall returns.
- FY23 revenue guidance cut to $1.541-1.547B; adjusted EPS $3.10-3.14.
- Boston facility restart on track for Q4'23; commercial distribution expected mid-to-late Q2'24.