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Mar 29, 2024

Integer Q1 2024 Earnings Report

Integer reported strong first quarter results with sales and adjusted operating income growth.

Key Takeaways

Integer Holdings Corporation reported a strong start to 2024, with first quarter sales growing 10% year-over-year and adjusted operating income growing 26%. The company reiterated its 2024 financial outlook, expecting continued sales and adjusted operating income growth.

Integer's first quarter sales grew 10% compared to the previous year.

Adjusted operating income increased by 26%, outpacing sales growth.

The company reaffirms its 2024 sales growth expectations of 9% to 11%.

Integer anticipates adjusted operating income growth of 13% to 20% for 2024.

Total Revenue
$415M
Previous year: $379M
+9.5%
EPS
$1.14
Previous year: $0.87
+31.0%
Gross Profit
$100M
Previous year: $96.7M
+3.8%
Cash and Equivalents
$42.2M
Previous year: $40.6M
+3.8%
Free Cash Flow
-$5.83M
Previous year: -$18.5M
-68.5%
Total Assets
$3.12B
Previous year: $2.87B
+8.4%

Integer

Integer

Forward Guidance

Integer expects 2024 sales growth of 9% to 11% and adjusted operating income growth of 13% to 20%.