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Sep 27, 2024

Integer Q3 2024 Earnings Report

Integer reported strong performance with 3Q24 financial results and raised midpoint of 2024 operating profit and EPS outlook.

Key Takeaways

Integer Holdings Corporation announced its Third Quarter 2024 results, showcasing a 10% sales growth and a 23% increase in adjusted operating income year to date. The company is raising the midpoint of its full year adjusted operating income outlook by $4 million. The divestiture of Electrochem is expected to close later this month, transforming Integer into a pure-play medical technology company.

Integer delivered 10% sales growth year to date.

Adjusted operating income increased by 23% year to date.

The midpoint of the full year adjusted operating income outlook is raised by $4 million.

The sale of the Electrochem business is on track to close later this month.

Total Revenue
$431M
Previous year: $405M
+6.6%
EPS
$1.43
Previous year: $1.27
+12.6%
Gross Profit
$117M
Previous year: $106M
+10.4%
Cash and Equivalents
$35.6M
Previous year: $32.1M
+10.7%
Free Cash Flow
$45.5M
Previous year: $36.8M
+23.5%
Total Assets
$3.17B
Previous year: $2.84B
+11.6%

Integer

Integer

Forward Guidance

Integer expects 2024 sales growth of 10% to 11% with above-market organic sales growth of 7% to 8%.