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Integer Holdings Corporation (ITGR)
NYSE:ITGR
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.46Last Year’s EPS
$1.39Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 4.73%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong sales growth and improved financial guidance, driven by strategic actions and operational efficiencies. However, some challenges like the impact of Hurricane Helene and increased interest expenses were noted.Company Guidance
During Integer Holdings Corporation's third quarter 2024 earnings call, the company provided updated guidance reflecting robust financial performance and strategic initiatives. Integer announced narrowing its full-year sales outlook to 10% to 11% growth, driven by high visibility to customer demand and additional guidewire capacity in Ireland. The company also raised the midpoint of its full-year profit and earnings per share outlook, expecting a 20% adjusted operating income growth, an increase of $4 million over prior guidance, and a 16% year-over-year growth in adjusted EPS, up $0.07 per share at midpoint. Integer's strategic financial objectives include expanding adjusted operating income at twice the rate of sales growth, maintaining a debt leverage between 2.5 and 3.5 times adjusted EBITDA, and generating $50 million in cash from the divestiture of its Electrochem business. The guidance highlighted strong year-to-date results, with sales reaching $1.267 billion, delivering 10% growth, and adjusted EBITDA up 22% year-over-year, reflecting significant improvements in manufacturing efficiency and operating expense leverage.Strong Year-Over-Year Sales and Income Growth
Sales grew 9% in Q3 2024, with adjusted operating income increasing by 17%. Year-to-date, sales have grown 10% and operating income is up 23%, significantly outpacing sales growth.
Improved Profit and Earnings Outlook
The company has raised the midpoint of its full-year profit and earnings per share outlook, expecting a 20% adjusted operating income growth and a 16% year-over-year growth in adjusted EPS.
Successful Strategy Execution Leads to Divestiture
Integer announced a definitive agreement to divest Electrochem, making it a pure-play medical technology company, expected to generate $50 million in cash.
Manufacturing Efficiency Gains
The company's Manufacturing Excellence Initiatives are leading to operational improvements, including a reduction in direct labor turnover and material scrap, with significant improvements in gross margins.
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ITGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ITGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $126.53 | $126.76 | +0.18% |
| Jul 25, 2024 | $124.55 | $115.68 | -7.12% |
| Apr 25, 2024 | $123.27 | $111.15 | -9.83% |
| Feb 15, 2024 | $105.05 | $99.83 | -4.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Integer Holdings Corporation (ITGR) report earnings?
Integer Holdings Corporation (ITGR) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Integer Holdings Corporation (ITGR) earnings time?
Integer Holdings Corporation (ITGR) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITGR EPS forecast?
ITGR EPS forecast for the fiscal quarter 2024 (Q4) is $1.46.
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