Integer Holdings (NYSE:ITGR) said today that it has scaled back some guidance for fiscal 2019 among other changes after the announcement that Nuvectra (NSDQ:NVTR) filed for Chapter 11 protection last week. Plano, Texas-based Integer was near the top of the list among creditors with unsecured claims in the filing. The contract manufacturer, listed as Greatbatch Medical, is […]
Integer bests Q3 earnings forecast despite plunging profits
Integer Holdings (NYSE:ITGR) today reported third-quarter earnings that beat the consensus forecast, despite a bottom-line slide of some -73%, and raised its earnings outlook for the rest of the year. The Plano, Texas-based medical device contract manufacturer said profits were down -73.2% to $30.6 million, or 92¢ per share, on a -0.5% top-line slip to $303.6 […]
Integer narrows outlook on fiscal year change
Integer (NYSE:ITGR) this week changed its fiscal year to correspond with the calendar year, prompting it to guide toward the low end of its sales outlook for 2019. The change to calendar-year accounting from a 52/53-week fiscal year means two less business days this year. Get the full story at our sister site, Drug Delivery Business […]
Integer adds US BioDesign’s braided biomedical biz for $15m
Integer (NYSE:ITGR) said yesterday that it acquired US BioDesign‘s braided biomedical business for a minimum of $15 million. The Quakertown, Pa.–based operation makes complex braided and formed biomedical structures for the cardiovascular, neurovascular and general surgery markets. The company also offers product development, materials testing and post-processing services including electropolishing and packaging. The deal calls for […]
Integer Holdings stock up after Q2 earnings beat The Street
Integer Holdings (NYSE:ITGR) stock was up today after reporting second-quarter earnings that beat the consensus forecast on Wall Street, with the company upping its earnings forecast for the rest of the year. The Plano, Texas–based medical device contract manufacturing giant — one of the largest in the world — reported profits of $33.1 million, or […]
8 medical device industry supplier innovations you need to know
Medical device innovation doesn’t just come from startups or big corporate R&D departments. Contract manufacturers and suppliers are increasingly playing a role, too. [Image by Kristopher Roller on Unsplash] Long gone are the days when medical device industry suppliers simply produced or manufactured according to specifications. Companies are increasingly coming up with their own answers […]
Integer shares rise on Q1 EPS, sales beat
Shares in Integer Holdings Corp. rose today after the contract manufacturing giant posted first quarter 2019 earnings that topped both sales and earnings per share consensus on Wall Street. The Plano, Texas-based company posted profits of approximately $21.7 million, or 67¢ per share, on sales of approximately $314.7 million for the three months ended March […]
S&P boosts Integer Holdings’ outlook
Integer Holdings (NYSE:ITGR) said it has received a positive outlook and a reaffirmed B+ long-term issuer credit rating from Standard & Poor’s (S&P). The positive outlook, which was revised from stable, is based on Integer’s debt reduction and expected future targeted debt-to-adjusted EBITDA leverage ratio between 2.5X – 3.5X. S&P also cited Plano, Texas-based Integer’s customer […]
10 women in medtech manufacturing you should know
Women account for nearly one-third of employees in the manufacturing industry, where men have historically held the majority of jobs, according to the U.S. Census Bureau. The situation includes manufacturers and other outsourcers serving the medical device space. The lack of diversity is even more apparent farther up the corporate leadership ladder. According to a report […]
Integer wins $22m in damages from AVX pacer patent spat retrial
Integer Holdings (NYSE:ITGR), formerly known as Greatbatch, has been awarded approximately $22.2 million in damages in the retrial of a pacer tech patent spat with AVX, down from a previous award of $37.5 million, according to recently released court documents. Integer originally filed a patent infringement complaint in April 2013, alleging that AVX infringed on patents […]
10 of the best performing medical device stocks of 2018
Updated Jan. 8, 2019 Medical device company stocks are not looking as rosy as they did two months ago, but the medtech industry still appears to be resisting the overall downward trend in stock markets, according to a Medical Design & Outsourcinganalysis. More than half of the roughly 100 largest medical device companies in the world […]
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