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    Integer Holdings Corp (ITGR)

    Updated Apr 24, 2025, 11:10 PM UTC
    Income Statement - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Sales (USD, thousands)413,151.001,596,673414,805436,202.00416,092.00449,497.001,716,596437,392
    Cost of sales (USD, thousands)302,895.001,178,384304,965316,809.00303,107.00332,701.001,257,582317,074
    Gross profit (USD, thousands)110,256.00418,289109,840119,393.00112,985.00116,796.00459,014120,318
    Selling, general and administrative (USD, thousands)45,804.00175,61946,92947,117.0043,688.0047,468.00185,20251,160
    Research, development and engineering (USD, thousands)13,257.0063,77115,75316,104.0010,954.0010,614.0053,42514,201
    Restructuring and other charges (USD, thousands)7,682.0011,5697,881986.001,600.001,682.0012,1495,405
    Total operating expenses (USD, thousands)66,743.00250,95970,56364,207.0056,242.0059,764.00250,77670,766
    Operating income (USD, thousands)43,513.00167,33039,27755,186.0056,743.0057,032.00208,23849,552
    Interest expense (USD, thousands)12,690.0053,37014,67115,278.0013,191.0013,234.0056,37414,805
    (Gain) loss on equity investments (USD, thousands)2,219.005,691(1,136)7.00(906.00)2,815.00780(181)
    Other (income) loss, net (USD, thousands)(724.00)9751,007(127.00)916.001,725.003,52147,927
    Income (loss) from continuing operations before taxes (USD, thousands)29,328.00107,29424,73540,028.0043,542.0039,258.00147,563(12,999)
    Provision for income taxes (USD, thousands)2,971.0016,6444,2278,782.007,216.006,285.0026,5109,466
    Income (loss) from continuing operations (USD, thousands)26,357.0090,65020,508--32,973.00121,053(22,465)
    Income (loss) from discontinued operations, net of tax (USD, thousands)-0---(270.00)(1,157)(22)
    Net income (loss) (USD, thousands)26,357.0090,65020,50831,246.0035,439.0032,703.00119,896(22,487)
    Basic earnings (loss) per share: Income (loss) from continuing operations (USD, per share)0.792.720.61--0.983.60(0.66)
    Basic earnings (loss) per share: Income (loss) from discontinued operations (USD, per share)-0.00---0.00(0.03)-
    Basic earnings (loss) per share (USD, per share)0.792.720.610.931.060.973.57(0.66)
    Diluted earnings (loss) per share: Income (loss) from continuing operations (USD, per share)0.782.690.59--0.913.40(0.66)
    Diluted earnings (loss) per share: Income (loss) from discontinued operations (USD, per share)-0.00---0.00(0.03)-
    Diluted earnings (loss) per share (USD, per share)0.782.690.590.880.990.903.36(0.66)
    Weighted average shares outstanding: Basic (shares)15.0033,32033,47862.0039.0022.0033,60133,916
    Weighted average shares outstanding: Diluted (shares)79.0033,75834,993271.00177.00208.0035,64933,916
    Balance Sheet - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)23,67423,67442,15634,13735,57446,54346,54331,711
    Accounts receivable, net (USD, thousands)238,277238,277237,154240,504241,708245,269245,269276,235
    Inventories (USD, thousands)239,716239,716262,869272,335265,415247,126247,126260,103
    Contract assets (USD, thousands)85,87185,87190,87397,21299,287103,772103,772102,930
    Prepaid expenses and other current assets (USD, thousands)28,13228,13232,67323,72024,95628,40928,40931,224
    Total current assets (USD, thousands)617,668617,668668,573676,980730,032671,119671,119702,203
    Property, plant and equipment, net (USD, thousands)407,954407,954448,712466,296472,315465,798465,798495,963
    Goodwill (USD, thousands)1,011,0071,011,0071,043,8761,042,1831,033,0781,017,7291,017,7291,082,385
    Other intangible assets, net (USD, thousands)783,146783,146828,854813,727805,174778,286778,286856,208
    Deferred income taxes (Asset) (USD, thousands)7,0017,0017,0266,8586,7828,3098,3098,370
    Operating lease assets (USD, thousands)81,63281,63283,24381,34578,62486,08286,08299,147
    Financing lease assets (USD, thousands)11,82811,82812,63016,54917,20527,68927,68929,928
    Other long-term assets (USD, thousands)22,41722,41723,09522,47424,43922,95922,95923,499
    Total assets (USD, thousands)2,942,6532,942,6533,116,0093,126,4123,167,6493,077,9713,077,9713,297,703
    Current portion of long-term debt (USD, thousands)----5,00010,00010,00011
    Accounts payable (USD, thousands)120,293120,293116,220119,446116,837101,498101,498112,023
    Operating lease liabilities (Current) (USD, thousands)8,6928,6928,5508,7298,8837,3527,3528,708
    Accrued expenses and other current liabilities (USD, thousands)88,08888,08870,69677,35586,138108,323108,32385,661
    Total current liabilities (USD, thousands)220,969220,969201,429205,991222,398227,173227,173206,403
    Long-term debt (USD, thousands)959,925959,9251,140,7241,118,5291,074,339980,153980,1531,235,204
    Deferred income taxes (Liability) (USD, thousands)145,625145,625145,199144,101143,236124,608124,608111,201
    Operating lease liabilities (Noncurrent) (USD, thousands)72,33972,33974,29471,93569,11577,70277,70285,688
    Financing lease liabilities (Noncurrent) (USD, thousands)10,38810,38810,92813,49113,99623,76023,76024,998
    Other long-term liabilities (USD, thousands)14,36514,36518,42418,45523,37925,36025,36027,505
    Total liabilities (USD, thousands)1,423,6111,423,6111,590,9981,572,5021,546,4631,458,7561,458,7561,690,999
    Common stock (USD, thousands)3333343434343435.34
    Additional paid-in capital (USD, thousands)727,435727,435725,247730,157736,125741,977741,977754,021
    Treasury stock (USD, thousands)----(26,858)
    Retained earnings (USD, thousands)771,351771,351791,859823,105858,544891,247891,247868,760
    Accumulated other comprehensive income (loss) (USD, thousands)20,22320,2237,87161426,483(14,043)(14,043)10,746
    Total stockholders’ equity (USD, thousands)1,519,0421,519,0421,525,0111,553,9101,621,1861,619,2151,619,2151,606,704
    Total liabilities and stockholders’ equity (USD, thousands)2,942,6532,942,6533,116,0093,126,4123,167,6493,077,9713,077,9713,297,703
    Cash Flow - MetricQ1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income (loss) [USD, thousands]26,357.0090,65020,50831,246.0035,439.0032,703.00119,896(22,487)
    Depreciation and amortization [USD, thousands]25,725.0098,84126,18527,225.0028,694.0028,927.00111,03129,832
    Debt related charges included in interest expense [USD, thousands]928.008,054931938.001,093.001,095.004,0571,882
    Debt conversion inducement expense [USD, thousands]-------46,681
    Inventory step-up amortization [USD, thousands]590.005901,0560.000.000.001,056-
    Stock-based compensation [USD, thousands]6,184.0023,2836,8485,766.006,115.006,038.0024,7676,880
    Non-cash lease expense [USD, thousands]3,124.0011,2482,2952,327.002,306.002,197.009,1252,455
    Non-cash (gain) loss on equity investments [USD, thousands]2,219.005,691(1,136)7.00(906.00)2,815.00780(181)
    Other non-cash (gains) losses [USD, thousands]5,113.004,379805603.003,025.002,521.006,9542,574
    Deferred income taxes [USD, thousands](9,485.00)(9,490)0---(14,110)4,055
    Gain on sale of discontinued operations [USD, thousands]------(177)(46)
    Changes in operating assets and liabilities, net of acquisitions: Accounts receivable [USD, thousands](7,379.00)(7,437)7,667(4,202.00)(8,353.00)(1,644.00)(6,532)(18,232)
    Changes in operating assets and liabilities, net of acquisitions: Inventories [USD, thousands](4,393.00)(30,178)(17,271)(9,964.00)(4,280.00)13,436.00(18,079)(7,695)
    Changes in operating assets and liabilities, net of acquisitions: Prepaid expenses and other assets [USD, thousands]543.00(930)(4,208)3,464.00249.00266.00(229)(1,169)
    Changes in operating assets and liabilities, net of acquisitions: Contract assets [USD, thousands]1,217.00(13,646)(5,255)(6,411.00)(1,493.00)(5,288.00)(18,447)1,219
    Changes in operating assets and liabilities, net of acquisitions: Accounts payable [USD, thousands]349.00(520)2,6694,400.00(2,774.00)(20,915.00)(16,620)10,207
    Changes in operating assets and liabilities, net of acquisitions: Accrued expenses and other liabilities [USD, thousands]507.007,908(19,026)2,871.0010,800.009,827.004,472(23,495)
    Changes in operating assets and liabilities, net of acquisitions: Income taxes (payable) [USD, thousands]4,198.00(7,494)1,171(11,035.00)1,585.009,090.00811(1,204)
    Net cash provided by operating activities [USD, thousands]55,587.00180,21323,23947,235.0071,500.0063,231.00205,20531,276
    Acquisition of property, plant and equipment [USD, thousands](37,053.00)(119,938)(29,072)(31,180.00)(26,015.00)(19,090.00)(105,357)(25,218)
    Proceeds from sale of property, plant and equipment [USD, thousands]73.001730--9.00395
    Acquisitions, net (of cash acquired) [USD, thousands](43,602.00)(43,602)(139,126)582.000.000.00(138,544)(171,954)
    Net cash used in investing activities [USD, thousands](80,582.00)(163,367)(168,198)(30,598.00)(26,235.00)29,617.00(195,414)(197,167)
    Principal payments of long-term debt (and term loans) [USD, thousands]0.00(415,938)0--(4.00)(6)(613,683)
    Proceeds from issuance of convertible notes, net of discount [USD, thousands]0.00486,2500----977,500
    Proceeds from revolving credit facility [USD, thousands]88,500.00383,103192,00016,500.0026,000.0040,000.00274,500216,000
    Payments of revolving credit facility [USD, thousands](70,808.00)(424,801)(12,000)(39,500.00)(66,000.00)(130,000.00)(247,500)(342,000)
    Purchase of capped calls [USD, thousands]0.00(35,000)0----(71,000)
    Proceeds from the exercise of stock options [USD, thousands]0.002,303313429.000.000.00742-
    Tax withholdings related to net share settlements of restricted stock unit awards [USD, thousands](31.00)(3,098)(9,348)(1,277.00)(148.00)(165.00)(10,938)(14,132)
    Principal payments on finance leases [USD, thousands](138.00)(992)(8,386)(570.00)(816.00)(951.00)(10,723)(1,177)
    Other financing activities [USD, thousands]--715(108.00)(106.00)8,820.009,32170
    Net cash provided by (used in) financing activities [USD, thousands]17,523.00(18,014)163,294(24,526.00)(43,143.00)(82,304.00)13,321151,578
    Effect of foreign currency exchange rates on cash and cash equivalents [USD, thousands](996.00)570147(130.00)(685.00)425.00(243)(519)
    Net increase (decrease) in cash and cash equivalents [USD, thousands](8,468.00)(598)18,482(8,019.00)1,437.0010,969.0022,869(14,832)
    Cash and cash equivalents, beginning of period [USD, thousands]24,27224,27223,67423,67423,67423,67423,67446,543
    Cash and cash equivalents, end of period [USD, thousands]23,67423,67442,15634,13735,57446,54346,54331,711