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Jul 03, 2020
Integer Q2 2020 Earnings Report
Reported second quarter results, managing through the 'new normal' of COVID-19 and making strategic investments.
Key Takeaways
Integer Holdings Corporation announced results for the three months ended July 3, 2020. The company is managing through the 'new normal' of COVID-19 and continuing to execute its strategy. The company's financial strength, ample liquidity and improved bank covenant cushion, positions it to continue making strategic investments.
Recognized the sacrifice associates have made during the pandemic to continue delivering the products customers and patients need.
Implemented the necessary measures to manage in the new normal while continuing to execute our strategy.
Financial strength, ample liquidity and improved bank covenant cushion, positions us to continue making strategic investments.
Positioned to continue making strategic investments to earn the valuation premium expected in the long term.
Forward Guidance
Forward-looking statements involve risks and uncertainties, and actual results may differ materially. The company assumes no obligation to update forward-looking statements.
Challenges Ahead
- The duration, scope and impact of the COVID-19 pandemic.
- Dependence upon a limited number of customers.
- Pricing pressures from customers.
- Ability to respond to changes in technology.
- Intense competition and ability to successfully market products.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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