Integer Q2 2021 Earnings Report
Key Takeaways
Integer Holdings Corporation reported strong second-quarter results, demonstrating resilience amidst U.S. labor constraints and global supply chain disruptions. The company increased its full-year 2021 financial outlook, projecting year-over-year sales growth of 12% to 14% and increased free cash flow outlook to generate $95 million to $115 million.
Integer delivered strong growth versus last year on continued recovery from the pandemic.
Second quarter results supports another increase in 2021 financial guidance.
Integer is executing its strategy to generate a premium valuation for shareholders.
Increased 2021 outlook with year-over-year sales growth now projected to be 12% to 14%.
Integer
Integer
Forward Guidance
Integer is increasing its full year 2021 financial outlook with year-over-year sales growth now projected to be 12% to 14%. They expect strong year-over-year growth in the second half of 2021. They are also increasing their adjusted operating income outlook and now expect to grow between 25% and 36%. They increased their cash flow outlook and now project to generate $95 million to $115 million of free cash flow for the year.
Positive Outlook
- Year-over-year sales growth now projected to be 12% to 14%.
- Expect strong year-over-year growth in the second half of 2021.
- Adjusted operating income outlook now expect to grow between 25% and 36%.
- Increased cash flow outlook.
- Project to generate $95 million to $115 million of free cash flow for the year.