Integer Q1 2023 Earnings Report
Key Takeaways
Integer Holdings Corporation reported a strong first quarter in 2023, with sales growing 22% year-over-year, driven by strong demand across all product lines and the recovery of second-half 2022 supplier delays. The company also delivered 28% year-over-year adjusted operating income growth.
Integer started the year strong with first quarter 2023 year-over-year sales growing 22%, indicative of strong demand across all product lines and the recovery of second-half 2022 supplier delays.
Integer delivered 28% year-over-year adjusted operating income growth.
The company expects above-market organic sales growth of 7% to 9% in 2023.
Integer anticipates 2023 margins to expand throughout the year, driven by continued direct labor stabilization, further reduction in the inefficiencies caused by the challenging supply chain environment and increasing product development sales.
Integer
Integer
Integer Revenue by Segment
Forward Guidance
The company expects above-market organic sales growth of 7% to 9% in 2023. We expect 2023 margins to expand throughout the year, driven by continued direct labor stabilization, further reduction in the inefficiencies caused by the challenging supply chain environment and increasing product development sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income