secwatch.observer — SEC 8-K summary
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Issuer:     Integer Holdings Corp (ITGR)
CIK:        0001114483
Form:       8-K
Filed at:   2022-10-05T23:59:59+00:00
Accession:  0001171843-22-006446
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Integer cuts FY2022 guidance on supplier delivery issues; Q3 prelim sales $342-344M
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- Q3 preliminary sales $342-344M; GAAP operating income $25-30M; GAAP diluted EPS $0.38-0.51.
- Full-year sales guidance lowered to $1.35-1.38B (from $1.37-1.395B); GAAP operating income $111-127M (from $136-148M).
- Adjusted EPS guidance cut to $3.57-3.97 (from $4.20-4.50) due to $15M sales hit from three suppliers.
- Company reduced SG&A by ~$8M annualized; expects positive price in 2023; preliminary 2023 sales growth 7-9%.
- Supply chain challenges deteriorating; added 5% more direct labor in Q3 but three suppliers missed commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114483/000117184322006446/0001171843-22-006446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114483/000117184322006446/f8k_100522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-006446

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