Integer Q3 sales up 12% to $343M; GAAP net income down 27% to $16M

Integer Holdings Corp

2022-Q3 EPS reported $1.45 revenue$1,003,673,000

Sales increased 12% to $343M; GAAP EPS $0.48 vs $0.66 prior year; adjusted EPS $0.95 vs $1.05.
Cardio & Vascular sales +14%; Cardiac Rhythm Management +8%; Advanced Surgical +17%; Electrochem +24%.
2022 outlook: GAAP sales $1.35-1.38B, adj. EBITDA $244-260M, adj. EPS $3.57-3.97; organic growth 4-6%.
Total debt rose $111M to $939M due to Aran Biomedical acquisition for $129M; leverage ratio 3.8x.
CEO expects 2023 revenue growth of 7-9% with margin expansion; supply chain delays to be recovered in 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Integer Holdings Corp reported three months ended September 30, 2022 results: revenue $343 million, net income $16 million, EPS $0.48 per share. Guidance reaffirmed.

Period: three months ended September 30, 2022
Revenue: $343 million
Net income: $16 million
EPS: $0.48 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today announced results for the three months ended September 30, 2022. Third Quarter 2022 Highlights (compared to Third Quarter 2021, except as noted) Sales increased 12% to $343 million. GAAP net income decreased $6 million to $16 million, a decrease of 27%. Non-GAAP adjusted net income decreased $3 million to $32 million, a decrease of 9%. GAAP operating income

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Integer Holdings Corp filing history →

Source: SEC EDGAR

accession 0001171843-22-006796

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