NYSE$ITGR

Integer Holdings Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Integer reported strong year-over-year financial results and continued to aggressively execute its growth strategy.

Integer Holdings Corporation reported strong third-quarter results with year-over-year growth and announced the acquisition of Oscor, Inc. The company also increased its 2021 outlook and completed a debt refinancing expected to increase EPS by $0.15 on an annualized basis.

  • Integer delivered strong year over year financial results in the third quarter.
  • The company announced an agreement to acquire Oscor, Inc., which adds proprietary products and technologies and complementary capabilities.
  • Integer also announced the construction of a new innovation and manufacturing facility in Ireland.
  • The company completed its debt refinancing during the third quarter, which is expected to generate an increase of $0.15 to EPS on an annualized basis.

Headline financials

Total Revenue

$306M

Previous: $236M+29.5%
EPS (adj)

$1.05

Previous: $0.50+110.0%
Capital Expenditures

-$29.7M

Previous: -$35.2M+15.6%
Free Cash Flow

-$7.65M

Previous: -$4.84M-58.0%
Net Income

$22.1M

Previous: $30.3M-27.3%
Operating Income

$33.1M

Previous: $39.8M-16.8%
Gross Profit

$81.9M

Previous: $57.9M+41.3%
Cash & Equivalents

$25.5M

Previous: $99.9M-74.5%
Total Assets

$2.35B

Previous: $2.45B-4.1%
Stock-Based Comp

$3.28M

Previous: $2.99M+9.9%

Revenue & EPS history

Integer · Revenue · Quarterly

$306M

Q3 2021+29.5%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Integer · $231M total across 2 segments · Q3 2021

  • Cardio & Vascular
    $128M
  • Cardiac Rhythm Management & Neuromodulation
    $102M

Forward guidance

Integer expects to generate strong earnings and cash flow, allowing them to annually deploy $200 to $250 million of capital to systematically execute strategic acquisitions, incremental to their organic sales growth objective.

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 Q3 2021

Historical avgQ3 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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