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Apr 02, 2021
Integer Q1 2021 Earnings Report
Integer Holdings Corporation reported first quarter 2021 results with sales and profit at high end of guidance, strong cash flow from operations, and increased 2021 outlook.
Key Takeaways
Integer Holdings Corporation reported strong first quarter results, with both sales and profit improving significantly versus the fourth quarter of 2020. The company increased its full year 2021 financial outlook, projecting year-over-year sales growth of 10% to 12% and free cash flow of $90 million to $110 million.
First quarter results reflect the continuation of the recovery from the pandemic.
Sales and profit improved significantly versus the fourth quarter of 2020.
Increased 2021 financial guidance and continued debt reduction.
Focused on executing strategy to generate a premium valuation to shareholders.
Forward Guidance
Integer is increasing its full year 2021 financial outlook with year-over-year sales growth now projected to be 10% to 12%. Integer’s second quarter sales are projected to be modestly better than the first quarter. The company projects to generate $90 million to $110 million of free cash flow for the year, with an equivalent amount of net total debt reduction.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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