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Stock impact report

Integer Holdings Corporation Reports First Quarter 2022 Results

Integer Holdings Corporation (ITGR) 
Last integer holdings corporation earnings: 2/20 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.integer.net
Company Research Source: GlobeNewswire
~ 1Q22 sales and profit consistent with expectations ~~ 2022 outlook updated for Aran Biomedical acquisition ~ PLANO, Texas, April 28, 2022 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced results for the three months ended April 1, 2022. First Quarter 2022 Highlights (compared to First Quarter 2021, except as noted) As communicated in our 2022 guidance provided on our 4Q21 earnings call, first quarter results were negatively impacted by high January absenteeism caused by COVID-19 and supply chain constraints.Sales increased 7% to $311 million.GAAP net income decreased $10 million to $11 million, a decrease of 47%. Non-GAAP adjusted net income decreased $6 million to $26 million, a decrease of 19%.GAAP operating income decreased $12 million to $22 million, a decrease of 35%. Non-GAAP adjusted operating income decreased $8 million to $39 million, a decrease of 16%.GAAP diluted EPS Show less Read more
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