earnings
confidence high
sentiment negative
materiality 0.85
Integra Q3 revenue down 0.4%, GAAP EPS loss; lowers FY2024 guidance; appoints new CEO
INTEGRA LIFESCIENCES HOLDINGS CORP
2024-Q3 EPS reported
-$0.34
revenue$1,167,881,000
- Revenue $380.8M, down 0.4% reported and 8.6% organic; GAAP EPS $(0.14) vs $0.24, adjusted EPS $0.41 vs $0.76.
- Neurosurgery organic sales -16% on shipping holds; Instruments +8.7%; Tissue Tech -3.7% organic, ex-Boston -9.4%.
- FY2024 revenue guidance lowered to $1.609-1.619B (organic -1.7% to -1.0%); adjusted EPS guided $2.41-$2.49.
- Mojdeh Poul named next president and CEO, effective Jan 6, 2025, succeeding retiring Jan De Witte.
- Shipping holds releasing in line with expectations; Integra Skin production on pace for Q4 historical run rates.