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Oct 01, 2021

Integer Q3 2021 Earnings Report

Integer reported strong year-over-year financial results and continued to aggressively execute its growth strategy.

Key Takeaways

Integer Holdings Corporation reported strong third-quarter results with year-over-year growth and announced the acquisition of Oscor, Inc. The company also increased its 2021 outlook and completed a debt refinancing expected to increase EPS by $0.15 on an annualized basis.

Integer delivered strong year over year financial results in the third quarter.

The company announced an agreement to acquire Oscor, Inc., which adds proprietary products and technologies and complementary capabilities.

Integer also announced the construction of a new innovation and manufacturing facility in Ireland.

The company completed its debt refinancing during the third quarter, which is expected to generate an increase of $0.15 to EPS on an annualized basis.

Total Revenue
$306M
Previous year: $236M
+29.5%
EPS
$1.05
Previous year: $0.5
+110.0%
Gross Profit
$81.9M
Previous year: $57.9M
+41.3%
Cash and Equivalents
$25.5M
Previous year: $99.9M
-74.5%
Free Cash Flow
$37.3M
Previous year: $23.8M
+57.0%
Total Assets
$2.35B
Previous year: $2.45B
-4.1%

Integer

Integer

Integer Revenue by Segment

Forward Guidance

Integer expects to generate strong earnings and cash flow, allowing them to annually deploy $200 to $250 million of capital to systematically execute strategic acquisitions, incremental to their organic sales growth objective.

Revenue & Expenses

Visualization of income flow from segment revenue to net income