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Jun 28, 2024

Integer Q2 2024 Earnings Report

Integer reported a strong second quarter with sales growth and increased adjusted operating income, leading to an improved full-year profit outlook.

Key Takeaways

Integer Holdings Corporation announced strong second-quarter results, featuring 9% sales growth and a 20% increase in adjusted operating income. The company raised its full-year adjusted operating income growth outlook to 14% to 21%, reflecting successful execution of its strategy.

Integer delivered strong quarter with 9% sales growth.

Adjusted operating income increased 20% versus a year ago.

The company expects 2024 above-market sales growth of 9% to 11%.

Full year adjusted operating income growth outlook raised to 14% to 21%.

Total Revenue
$436M
Previous year: $400M
+9.0%
EPS
$1.3
Previous year: $1.14
+14.0%
Gross Profit
$113M
Previous year: $106M
+6.4%
Cash and Equivalents
$34.1M
Previous year: $38.6M
-11.6%
Free Cash Flow
$16.1M
Previous year: $23.4M
-31.5%
Total Assets
$3.13B
Previous year: $2.86B
+9.3%

Integer

Integer

Forward Guidance

Integer anticipates continued growth, projecting above-market sales growth and increased adjusted operating income for 2024. The company's outlook reflects confidence in its strategic execution and market position.