Integer Holdings Corporation Reports Results for Fourth Quarter and Full Year 2020
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Integer Holdings Corp (ITGR) Misses Q4 EPS by 7c, Revenues Beat; Offers FY21 EPS/Revenue Guidance, Provides 1Q Revenue Outlook
February 18, 2021 8:06 AM ESTInteger Holdings Corp (NYSE: ITGR) reported Q4 EPS of $0.54, $0.07 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $269 million versus the consensus estimate of $263.77 million.
Fourth Quarter 2020 Financial Results (compared to fourth quarter 2019, except as noted)
Integer delivered fourth quarter sales at the high end of guidance and profit above guidance.Strong sequential improvement versus the third quarter including margin expansion on sales recovery and continued operating efficiencies.Sales declined 17% to $269 million.GAAP net income grew $4 million to $15 million, an increase of 40%. Adjusted net income... More