NYSE$ITGR

Integer Holdings Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Integer Holdings Corporation reported first quarter 2021 results with sales and profit at high end of guidance, strong cash flow from operations, and increased 2021 outlook.

Integer Holdings Corporation reported strong first quarter results, with both sales and profit improving significantly versus the fourth quarter of 2020. The company increased its full year 2021 financial outlook, projecting year-over-year sales growth of 10% to 12% and free cash flow of $90 million to $110 million.

  • First quarter results reflect the continuation of the recovery from the pandemic.
  • Sales and profit improved significantly versus the fourth quarter of 2020.
  • Increased 2021 financial guidance and continued debt reduction.
  • Focused on executing strategy to generate a premium valuation to shareholders.

Headline financials

Total Revenue

$290M

Previous: $328M-11.6%
EPS (adj)

$0.97

Previous: $1.25-22.4%
Capital Expenditures

-$7.66M

Previous: -$14.9M+48.7%
Free Cash Flow

$13.9M

Previous: $16.2M-14.3%
Net Income

$21.5M

Previous: $31.1M-30.8%
Operating Income

$34.6M

Previous: $44.1M-21.5%
Gross Profit

$84.5M

Previous: $96.7M-12.6%
Cash & Equivalents

$28.4M

Previous: $37.3M-23.8%
Total Assets

$2.34B

Previous: $2.4B-2.3%
Stock-Based Comp

$4.7M

Previous: $1.74M+170.7%

Revenue & EPS history

Integer · Revenue · Quarterly

$290M

Q1 2021-11.6%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Integer · $266M total across 2 segments · Q1 2023

  • Cardio & Vascular
    $149M
  • Cardiac Rhythm Management & Neuromodulation
    $117M

Forward guidance

Integer is increasing its full year 2021 financial outlook with year-over-year sales growth now projected to be 10% to 12%. Integer’s second quarter sales are projected to be modestly better than the first quarter. The company projects to generate $90 million to $110 million of free cash flow for the year, with an equivalent amount of net total debt reduction.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.5%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.4%

Avg return

30 days after

41%

25 / 61 earnings

Positive

+16.4%

Q3 2016

Best reaction

-33.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%+2.6%+6.8%
Q4 2025-3.4%+0.7%-2.8%
Q3 2025-33.2%-37.7%-35.8%
Q1 2025+0.8%+5.3%-1.8%
Q4 2024-5.6%-10.8%-19.6%
Q3 2024-0.6%+2.8%+9.2%
Q2 2024-6.2%-2.5%+1.7%
Q1 2024-11.1%-9.4%-0.5%
Q4 2023-5.4%-4.5%+8.3%
Q3 2023+13.6%+16.9%+29.0%
Q2 2023+5.5%+6.5%-5.4%
Q1 2023+1.3%+0.3%-1.2%
Q4 2022+6.0%+2.4%+1.4%
Q3 2022+4.2%+6.4%+20.0%
Q2 2022-0.5%-0.3%-5.2%
Q1 2022-5.1%-1.6%+1.7%
Q4 2021-2.2%-5.5%-7.2%
Q3 2021-1.6%-2.1%-9.0%
Q2 2021-0.9%-3.2%-0.5%
Q1 2021-2.1%-2.6%-5.7%
Q4 2020+9.6%+9.3%+15.5%
Q3 2020-4.1%-4.6%+19.3%
Q2 2020-6.0%-9.3%-0.1%
Q1 2020+6.3%+2.3%+19.0%
Q4 2019+4.9%+1.0%-45.2%
Q3 2019-1.1%-1.1%-2.3%
Q2 2019-3.7%-7.8%-17.3%
Q1 2019+10.7%+11.7%+3.5%
Q4 2018+0.7%+3.0%-1.3%
Q3 2018+13.1%+18.0%+18.9%
Q2 2018-0.9%+0.5%+11.9%
Q1 2018+13.0%+16.8%+17.6%
Q4 2017+16.0%+13.9%+24.6%
Q3 2017-2.7%-4.1%-2.2%
Q2 2017+2.7%+2.0%+0.4%
Q1 2017+2.5%+12.3%+13.9%
Q4 2016-0.7%+2.9%+7.0%
Q3 2016+16.4%+15.8%+51.9%
Q2 2016-30.4%-29.7%-26.5%
Q1 2016-10.4%
Q4 2015-14.3%
Q3 2015+6.4%
Q2 2015+4.0%
Q1 2015-3.5%
Q4 2014+1.0%
Q1 2014-4.0%
Q3 2014+6.8%
Q2 2014+2.9%
Q1 2013-5.1%
Q4 2012+0.1%
Q3 2012-0.5%
Q2 2012+1.3%
Q1 2011-1.4%
Q1 2012+0.6%
Q4 2011-2.8%
Q1 2010-2.8%
Q3 2010-3.6%
Q3 2011-3.6%
Q2 2011-0.8%
Q2 2010-0.8%
Q4 2010-0.8%

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