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Jun 30, 2023

Integer Q2 2023 Earnings Report

Integer delivered strong sales and profit growth, increasing full year sales outlook to 12% growth and adjusted operating income outlook to 19% growth.

Key Takeaways

Integer Holdings Corporation reported strong second quarter results with increased sales and profit growth. The company is increasing its full year sales outlook to 12% growth and adjusted operating income outlook to 19% growth.

Integer delivered another strong quarter of sales and profit growth supported by an improving supply chain and labor environment.

Strong customer demand across product lines.

Increased full year sales outlook to 12% growth at the midpoint.

Raised adjusted operating income outlook to 19% growth at midpoint.

Total Revenue
$400M
Previous year: $350M
+14.3%
EPS
$1.14
Previous year: $1.04
+9.6%
Gross Profit
$106M
Previous year: $92.9M
+13.9%
Cash and Equivalents
$38.6M
Previous year: $15.6M
+147.6%
Free Cash Flow
$23.4M
Previous year: $7.1M
+229.8%
Total Assets
$2.86B
Previous year: $2.76B
+3.7%

Integer

Integer

Forward Guidance

Integer is increasing its full year sales outlook to 12% growth at the midpoint and raising adjusted operating income outlook to 19% growth at midpoint.