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Apr 03, 2020
Integer Q1 2020 Earnings Report
Reported strong earnings per share growth with +45% GAAP and +25% adjusted, while suspending 2020 guidance due to COVID-19 uncertainty.
Key Takeaways
Integer Holdings Corporation announced strong first quarter results, largely unaffected by COVID-19, but suspended 2020 guidance due to uncertainty and executed a revolver draw down to protect against a prolonged pandemic.
Strong first quarter results were largely unaffected by COVID-19.
The company is taking necessary actions in manufacturing sites to protect associates and continue operations.
Working closely with customers and suppliers to manage changes in demand.
Suspended 2020 guidance given the COVID-19 uncertainty.
Integer
Integer
Forward Guidance
Given the COVID-19 uncertainty, Integer is suspending 2020 guidance.