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Dec 31, 2023

Integer Q4 2023 Earnings Report

Integer reported strong fourth quarter and full year sales and income.

Key Takeaways

Integer delivered strong fourth quarter and full year 2023 sales and income, with full year sales up 16% and adjusted operating income growth of 26%. The company expects 9% to 11% sales growth in 2024 and adjusted operating income to grow 13% to 20%. Integer also completed the acquisition of Pulse Technologies in January 2024.

Strong fourth quarter and full year sales and profit increase versus last year

Full year sales up 16%

Adjusted operating income growth of 26%

Expect 9% to 11% sales growth in 2024 with expanding margins

Total Revenue
$413M
Previous year: $372M
+10.9%
EPS
$1.39
Previous year: $1.11
+25.2%
Gross Profit
$110M
Previous year: $97.9M
+12.6%
Cash and Equivalents
$23.7M
Previous year: $24.3M
-2.5%
Free Cash Flow
$17.9M
Previous year: $20M
-10.2%
Total Assets
$2.94B
Previous year: $2.79B
+5.3%

Integer

Integer

Forward Guidance

Integer expects 9% to 11% sales growth in 2024 and expect adjusted operating income to grow 13% to 20%.