earnings
confidence high
sentiment negative
materiality 0.80
Integra cuts FY2026 guidance on Cincinnati flood; Q3 revenue $410-412M, adjusted EPS $0.55-0.59
INTEGRA LIFESCIENCES HOLDINGS CORP
- Q3 preliminary revenue $410M-$412M, adjusted EPS $0.55-$0.59; Q3 operating cash flow >$85M; July Cincinnati flood cut Q3 revenue by ~$7M.
- FY2026 revenue guidance lowered to $1.634B-$1.654B from $1.654B-$1.695B; adjusted EPS guidance cut to $2.30-$2.40 from $2.40-$2.50.
- Flood is expected to cut Q4 revenue by ~$15M-$20M; full Cincinnati manufacturing operations expected to resume in Q2 2027.
- Integra carries property and business-interruption insurance and expects recoveries to mitigate a substantial portion of the earnings impact.
- CEO Stuart Essig cites recovery progress and customer support; FY2026 operating cash flow still expected at ~$190M-$200M, with improving product availability and key product returns.