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Jul 01, 2022

Integer Q2 2022 Earnings Report

Integer delivered second quarter 2022 financial results consistent with expectations.

Key Takeaways

Integer Holdings Corporation reported second quarter 2022 financial results with sales growing 13% versus the first quarter 2022 and 12% versus prior year. They have raised their full year 2022 sales outlook and expect to grow 12% to 14% versus 2021.

Integer delivered second quarter 2022 financial results consistent with expectations.

Sales grew 13% versus the first quarter 2022 and 12% versus prior year.

Integer’s associates around the globe remain focused on delivering products for our customers and the patients they serve, while managing the challenges of the ongoing labor and supply chain dynamics

Company raised full year 2022 sales outlook and expect to grow 12% to 14% versus 2021, driven by strong demand, accelerating new product introductions, and our recent Oscor and Aran acquisitions.

Total Revenue
$350M
Previous year: $312M
+12.2%
EPS
$1.04
Previous year: $1.07
-2.8%
Gross Profit
$92.9M
Previous year: $88.7M
+4.7%
Cash and Equivalents
$15.6M
Previous year: $30.6M
-49.0%
Free Cash Flow
$7.1M
Previous year: $21.6M
-67.1%
Total Assets
$2.76B
Previous year: $2.36B
+16.9%

Integer

Integer

Forward Guidance

Company raised full year 2022 sales outlook and expect to grow 12% to 14% versus 2021.