ITGR Earnings Prediction
The chart below shows how ITGR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ITGR sees a -1.98% change in stock price 10 days leading up to the earnings, and a +2.61% change 10 days following the report. On the earnings day itself, the stock moves by +0.70%. This data can give you a slight idea of what to expect for the next quarter's release.
ITGR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
431.42M
6.60%
-1.10%
Gross Margin
27.22%
3.97%
-0.87%
Operating Margin
14.15%
15.51%
9.86%
Net Margin
8.41%
24.78%
17.46%
EPS
0.99
22.22%
12.50%
No Data Available
ITGR Earnings Analysis
Integer Holdings Corporation Corporation (ITGR.N) Earnings Conference Call
Positive
Sales Growth Performance: Sales grew 9% year-over-year in Q3 2024, contributing to a year-to-date sales growth of 10%.
Operating Income Surge: Adjusted operating income increased by 17% in Q3 2024, with year-to-date operating income up 23%, significantly outpacing sales growth.
Adjusted EBITDA Increase: Adjusted EBITDA for Q3 2024 was $96 million, reflecting an 18% increase compared to the prior year, while year-to-date adjusted EBITDA rose by 22%.
Earnings Per Share Outlook: The company raised its adjusted earnings per share outlook to a growth of 16% year-over-year, increasing the midpoint by $0.07 per share over previous guidance.
Cash Flow Increase: Integer generated $72 million in cash flow from operations in Q3 2024, a $9 million increase from the previous year, and $142 million year-to-date, marking a 14% increase.
Negative
Organic Sales Decline: 1. Declining Organic Growth: Organic sales growth for Q3 2024 was only 4%, a significant drop from the year-to-date growth of 6%, primarily due to a decrease in demand for Cardiac Rhythm Management products and the impact of Hurricane Helene.
Rising Interest Expenses: 2. Increased Interest Expense: Year-to-date interest expense rose by approximately $7 million compared to the previous year, attributed to a higher average debt balance resulting from acquisitions, which negatively impacted net income growth.
Hurricane Operational Disruptions: 3. Hurricane Impact on Operations: The closure of facilities due to Hurricane Helene at the end of Q3 resulted in a 1% shortfall in organic growth, with lingering cost pressures expected in Q4 as operations ramp back up.
Operating Income Margin Decline: 4. Lower Adjusted Operating Income Margin: Despite a year-to-date adjusted operating income margin improvement to 16.5%, the Q3 margin was only 17.5%, indicating a slower pace of margin expansion compared to previous quarters.
Decline in R&D Revenue: 5. Reduced R&D Revenue: R&D revenues were lower in Q3 due to higher customer reimbursements for development work, leading to a nominal decrease in reported R&D expenses, which may signal a potential slowdown in future R&D investment.
ITGR FAQs
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ITGR Earning Call Sentiment
Integer Holdings Corporation (ITGR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ITGR.N
-3.96%Positive
The earnings call summary reveals strong financial performance, with significant year-over-year growth in sales, EBITDA, and net income. The divestiture of Electrochem is expected to enhance shareholder value, and debt reduction is anticipated. Although there are concerns about organic growth deceleration and vague management responses, the raised EPS outlook and strategic focus on high-growth markets are positive indicators. Given the company's market cap, the stock is likely to experience a positive movement of 2% to 8% over the next two weeks.
