The following is a summary of the Integer Holdings Corporation (ITGR) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Integer Holdings reported Q1 2024 sales growth of 10% year-over-year, adjusted operating income up by 26%, and a 31% growth in adjusted earnings per share.

• The company expanded its gross margin by 120 basis points due to an improved supply chain and direct labor environment, and generated $23 million from operations.

• It anticipates a sales growth of 9% to 11% and an adjusted operating income growth of 13% to 20% versus 2023.

• The adjusted EPS for 2024 is estimated at $5.01 to $5.43, while free cash flow is anticipated to be between $85 million to $105 million.

• Integer predicts a year-end net total debt of between $1.010 and $1.030 billion for 2024.

Business Progress:

• Sales growth was largely driven by success in electrophysiology, strong customer interest, and a robust pipeline of new products in fast-growing end markets.

• The company reported a successful start to its manufacturing excellence initiatives and margin expansion.

• Integer confirmed successful acquisitions and integration of InNeuroCo and Pulse Technologies, which are expected to support organic growth acceleration in 2025.

• The company also plans to manage its debt leverage within the adjusted EBITDA range of 2.5 to 3.5x as it continues to execute an inorganic growth strategy.

• Going forward, Integer plans portfolio expansion and is focusing on supply chain consolidation and vertical integration for top-line acceleration and better strategy execution.

More details: Integer Holdings IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.