Integer Holdings Corporation Reports Third Quarter 2020 Results
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Integer Holdings Corp (ITGR) Tops Q3 EPS by 14c, Revenues Miss
October 29, 2020 8:15 AM EDTInteger Holdings Corp (NYSE: ITGR) reported Q3 EPS of $0.50, $0.14 better than the analyst estimate of $0.36. Revenue for the quarter came in at $236 million versus the consensus estimate of $240.23 million.
Third Quarter 2020 Highlights (compared to Third Quarter 2019)
The impact of COVID-19 on the third quarter 2020 financial results was consistent with Integers second quarter 2020 earnings communication.Sales declined $68 million to $236 million, a decrease of 22%.GAAP income was $30 million, a decrease of 1%. Non-GAAP adjusted income declined $23 million to $17 million, a decrease of 58%.Adjusted EBITDA declined $33 million to $37 million, a... More