earnings
confidence high
sentiment positive
materiality 0.75
Integer Q1 sales up 10% to $415M, adjusted EPS $1.14; reiterates FY2024 outlook
Integer Holdings Corp
2024-Q1 EPS reported
$0.59
revenue$414,805,000
- Sales of $415M (+10% YoY), organic growth 6%; GAAP net income $21M (+57%), diluted EPS $0.59.
- Non-GAAP adjusted net income $39M (+33%), adjusted EPS $1.14 vs $0.87; adjusted EBITDA $81M (+22%).
- Total debt $1.141B (up $181M) to finance Pulse acquisition; leverage ratio 3.4x adjusted EBITDA.
- Cardio & Vascular sales +16%; Cardiac Rhythm & Neuromodulation +8%; Electrochem declined.
- FY2024 outlook reaffirmed: sales $1.735-1.770B (9-11% growth), adjusted EPS $5.01-$5.43.