earnings
confidence high
sentiment negative
materiality 0.75
Integer Q2 sales up 12% to $350M; GAAP net income falls 29%; raises FY2022 outlook
Integer Holdings Corp
2022-Q2 EPS reported
$0.97
revenue$660,993,000
- Q2 sales $350M (+12% YoY); GAAP net income $21M (-29%); Non-GAAP adj. net income $35M (-3%).
- GAAP diluted EPS $0.62; Non-GAAP adj. diluted EPS $1.04, both down YoY.
- Raises FY2022 sales outlook to $1.37-1.395B (12-14% growth); organic growth 6-8%.
- Cardio & Vascular sales +25%; Electrochem -1% on supplier shortages.
- Total debt $947M (+$119M) from Aran acquisition; leverage ratio 3.9x adjusted EBITDA.