Quarterly ResultApr 30, 2026, 04:35 PM
ITGR Q1 Net Income $16.5M; EPS $0.48 vs $(0.66) YoY
AI Summary
Integer Holdings Corp reported a significant turnaround in its first-quarter 2026 financial results, swinging to a net income of $16.5 million, or $0.48 diluted EPS, from a net loss of $(22.5) million, or $(0.66) diluted EPS, in the prior year. Sales saw a modest increase of 0.5% to $439.6 million. However, gross profit and operating income both declined, and net cash from operating activities decreased. The company also increased its long-term debt and repurchased $50.0 million in common stock.
Key Highlights
- Net income swung to $16.5 million from a $(22.5) million loss year-over-year.
- Diluted EPS was $0.48, a significant improvement from $(0.66) in the prior year.
- Sales increased slightly by 0.5% to $439.6 million compared to $437.4 million YoY.
- Gross profit decreased 8.9% to $109.6 million from $120.3 million year-over-year.
- Operating income decreased 35.7% to $31.9 million from $49.6 million year-over-year.
- Net cash provided by operating activities decreased 21% to $24.7 million.
- The company repurchased $50.0 million of common stock during the quarter.
- Long-term debt increased 5.6% to $1.25 billion from $1.19 billion at year-end 2025.
Price Impact
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