Integer acquires Pulse Technologies for ~$140M; prelim FY2023 sales up 16% to ~$1.596B

Integer Holdings Corp

Preliminary Q4 2023 sales $411-413M (+10-11% YoY); full-year sales $1.595-1.597B (+16% YoY).
Acquired Pulse Technologies, a micro-machining contract manufacturer, for ~$140M plus contingent consideration.
Pulse had ~$42M sales and ~$11M adj. EBITDA in 2023; deal closed Jan 5, 2024 using revolving credit facility.
Integer expects deal to be accretive and stay within 2.5x-3.5x leverage target.
Conference call for full Q4/FY results scheduled Feb 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Integer Holdings Corp reported fourth quarter and year ended December 31, 2023 results: revenue $411 million to $413 million.

Period: fourth quarter and year ended December 31, 2023
Revenue: $411 million to $413 million
Result: preliminary results

Exact text from the filing

Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced fourth quarter 2023 preliminary unaudited sales are expected to be in the range of $411 million to $413 million, an increase of 10% to 11% compared to fourth quarter 2022. Preliminary unaudited full year 2023 sales are expected to be in the range of $1.595 billion to $1.597

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Integer Holdings Corp filing history →

Source: SEC EDGAR

accession 0001171843-24-000199

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