Integer Holdings Corporation Announces Preliminary Unaudited Sales Results And Acquisition Of Pulse Technologies For Approximately $140M; Sees Q4 Revenue $411M-$413M Vs $404.69M Est.; FY23 Revenue $1.595B-$1.597B Vs $1.59B Est.
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Integer Holdings Corporation (NYSE:ITGR) announced preliminary Q4 2023 sales of $411M-$413M, exceeding estimates of $404.69M, and FY23 revenue of $1.595B-$1.597B, surpassing the $1.59B estimate. Sales increased by 16% from 2022. Integer also acquired Pulse Technologies for $140M, expected to be accretive to sales growth and EBITDA margin. Pulse's FY23 sales are estimated at $42M with $11M adjusted EBITDA. The acquisition aligns with Integer's growth strategy in medical device manufacturing. A conference call is scheduled for February 15, 2024, to discuss Q4 and full year results.
January 10, 2024 | 9:33 pm
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Integer Holdings reported higher than expected preliminary Q4 and FY23 revenues and acquired Pulse Technologies, which is expected to be accretive to sales and EBITDA margin.
The positive preliminary revenue results and the strategic acquisition of Pulse Technologies, which is expected to contribute to Integer's growth, are likely to be viewed favorably by investors. This could lead to a short-term increase in ITGR's stock price as the market reacts to the news of exceeding revenue estimates and the potential for future growth driven by the acquisition.
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