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Oct 02, 2020

Integer Q3 2020 Earnings Report

Reported results in line with expectations and strong cash flow from operations.

Key Takeaways

Integer Holdings Corporation reported third quarter results with improved profitability versus the second quarter. The company expects the fourth quarter to be even stronger, as sales begin to recover from the pandemic and the profit margin rate recovery accelerates.

Third quarter results demonstrate improved profitability versus the second quarter.

Expect the fourth quarter to be even stronger, as sales begin to recover from the pandemic.

Profit margin rate recovery accelerates.

Manufacturing Excellence strategic imperative continues to deliver strong operational and financial results.

Total Revenue
$236M
Previous year: $304M
-22.3%
EPS
$0.5
Previous year: $1.2
-58.3%
Gross Profit
$57.9M
Previous year: $93.4M
-38.0%
Cash and Equivalents
$99.9M
Previous year: $14.7M
+579.0%
Free Cash Flow
$23.8M
Previous year: $35.2M
-32.5%
Total Assets
$2.45B
Previous year: $2.36B
+3.8%

Integer

Integer

Forward Guidance

Expect the fourth quarter to be even stronger, as sales begin to recover from the pandemic and the profit margin rate recovery accelerates.

Positive Outlook

  • Sales begin to recover from the pandemic
  • Profit margin rate recovery accelerates