Integer Holdings Corp

Integer Holdings Corp reported Q2 2026 sales of $464.1 million, a 2.6% decrease from Q2 2025, with net income falling 36.2% to $23.6 million. For the first six months of 2026, net income significantly increased to $40.1 million, primarily due to the absence of prior year's debt conversion inducement expenses and other losses. The company maintained compliance with debt covenants and increased cash and cash equivalents to $21.4 million.

Integer Holdings Corporation announced it has entered into a definitive agreement to be acquired by an affiliate of investment funds managed by KKR in an all-cash transaction valued at an enterprise value of $5.7 billion. Under the terms, stockholders will receive $127 per share. Concurrently, the company reported its second quarter 2026 results, with sales decreasing 2.6% to $464 million and GAAP operating income falling 42% to $35 million. Due to the pending transaction, Integer has withdrawn its financial outlook and canceled its scheduled earnings conference call.

Integer Holdings Corporation announced a definitive agreement to be acquired by KKR for an enterprise value of $5.7 billion, with stockholders receiving $127 per share in cash. This transaction led the company to withdraw its financial outlook and cancel its earnings call. Concurrently, Integer reported Q2 2026 results, with sales decreasing 2.6% to $464 million and GAAP diluted EPS from continuing operations falling 34% to $0.69. Non-GAAP adjusted EPS, however, increased 3% to $1.60.

Integer Holdings Corporation announced a definitive agreement to be acquired by KKR in an all-cash transaction valued at approximately $5.7 billion. Integer stockholders will receive $127 per share, representing a significant premium of 51.8% over the closing share price on April 29, 2026. The Board has unanimously approved the deal, which is expected to close by year-end, after which Integer will become a private company. Consequently, Integer is withdrawing its financial outlook and canceling its Q2 2026 earnings conference call.

Integer Holdings Corporation announced it will host a conference call to discuss its second quarter financial results and business highlights for the period ended July 3, 2026. The webcast and call are scheduled for Thursday, August 6, 2026, at 8 a.m. CT (9 a.m. ET). The company will release its financial results for the second quarter prior to the conference call on the same day.

Integer Holdings Corporation announced that Jim Stephens, President of Cardiac Rhythm Management & Neuromodulation, will transition to Executive Vice President, Special Projects, effective June 29, 2026. His new role is set to conclude on March 31, 2027. In connection with this change, Mr. Stephens will not be eligible for short-term or long-term incentive awards in 2027. His separation on the termination date will be considered a termination without Cause if a Change of Control occurs before then and he remains employed.

Integer Holdings Corporation, a leading medical device contract development and manufacturing organization, announced its participation in the Truist Securities 2026 MedTech Conference. Members of Integer's executive leadership team will engage in a fireside chat on June 16, 2026, at 10:40 a.m. ET. A live webcast and replay of the event will be accessible via the investor relations section of the company's website.

Integer Holdings Corporation's stockholders approved the 2026 Omnibus Incentive Plan, which replaces the 2021 Plan and reserves a maximum of 1,000,000 new shares for issuance, alongside shares from the prior plan. Additionally, the Board and Compensation Committee approved cash retention bonuses for key executives, including $1,750,000 for CEO Payman Khales, with 50% vesting by December 31, 2026, and the remainder upon a change in control. Amendments to employment agreements were also approved, providing for accelerated vesting of performance-based equity awards for executives in certain change-in-control scenarios.

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.

Integer Holdings Corp's Board of Directors has initiated a strategic review to maximize stockholder value, considering options like a sale, merger, or strategic business combination. This decision follows strong interest received in the company. Concurrently, Integer reported its first quarter 2026 results, with sales increasing 0.5% to $440 million and GAAP diluted EPS from continuing operations rising 173% to $0.48. The company also updated its 2026 outlook, expecting a return to 200 basis points above-market organic sales growth in 2027.