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Sep 30, 2022

Integer Q3 2022 Earnings Report

Integer Q3 2022 sales and profit results were in line with preliminary view.

Key Takeaways

Integer Holdings Corporation reported third quarter 2022 results, with sales and profit results in line with preliminary expectations. The company is intensifying supply chain management to meet strong customer demand and expects above-market revenue growth of 7% to 9% in 2023 with margin expansion.

Integer's third quarter 2022 sales and profit results were in line with the preliminary view shared on October 5, 2022.

The company is intensifying supply chain management to meet strong customer demand in a challenging supply chain environment.

Integer expects the 2022 sales impact from supplier delivery delays to primarily be recovered in 2023.

In 2023, the company expects above-market revenue growth of 7% to 9% with margin expansion.

Total Revenue
$343M
Previous year: $306M
+12.1%
EPS
$0.95
Previous year: $1.05
-9.5%
Gross Profit
$86.7M
Previous year: $81.9M
+5.9%
Cash and Equivalents
$20.2M
Previous year: $25.5M
-20.7%
Free Cash Flow
$7.28M
Previous year: $37.3M
-80.5%
Total Assets
$2.74B
Previous year: $2.35B
+16.6%

Integer

Integer

Forward Guidance

Integer expects above-market revenue growth of 7% to 9% in 2023 with margin expansion.