Integer Holdings Corp (ITGR) Provides 2022 Update
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Integer Holdings Corporation Provides 2022 Update
October 5, 2022 4:05 PM EDTPLANO, Texas, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE: ITGR), a leading medical device outsource manufacturer, provides a revised 2022 outlook and an update on the third quarter.
Integers customer demand continues to be very strong from end-market growth and the execution of the companys growth strategies, however, the supply chain environment remains challenging.
Third quarter sales were negatively impacted by approximately $15 million, primarily due to deteriorating delivery performance and missed commitments from three suppliers. Third quarter preliminary operating income has been negatively impacted by approximately $12 million from the lower sales volume ($8... More
