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Dec 31, 2022
Integer Q4 2022 Earnings Report
Integer reported strong sales growth of 19% and delivered fourth quarter and full year 2022 sales and income at the high-end of 2022 earnings guidance.
Key Takeaways
Integer Holdings Corporation reported strong sales growth of 19% in Q4 2022. The company expects 7% to 9% organic sales growth in 2023 and adjusted operating income to grow 10% to 16%.
Integer delivered fourth quarter and full year 2022 sales and income at the high-end of 2022 earnings guidance.
The company continued to improve its ability to manage a challenging supply chain environment.
Integer expects 7% to 9% organic sales growth in 2023.
Critical capacity investments are being made in 2023 to deliver sustained above-market sales growth.
Integer
Integer
Forward Guidance
The company expects 7% to 9% organic sales growth in 2023 and adjusted operating income to grow 10% to 16%.
Positive Outlook
- Expect 7% to 9% sales growth in 2023
- Expanding margins
- Expect adjusted operating income to grow 10% to 16%
- Operational efficiencies
- Critical capacity investments in 2023
Challenges Ahead
- Challenging supply chain environment
- High variability of charges excluded from non-GAAP financial measures
- Complexity of charges excluded from non-GAAP financial measures
- Visibility of charges excluded from non-GAAP financial measures
- Restructuring and restructuring-related charges