Integer Launches Strategic Review and Reports Q1 Sales of $440M
ITGR•Integer Holdings launched a strategic review to explore sale, merger or business combination while reporting Q1 sales of $440M, GAAP net income of $17M and adjusted EPS of $1.20. The Board projects full-year non-GAAP EPS of $5.83-$6.40 and expects 200bps above-market organic growth in 2027.
1. Board Initiates Strategic Review
The Board of Directors has initiated a comprehensive strategic review to maximize stockholder value by evaluating a full range of potential opportunities, including a sale, merger or strategic business combination. Goldman Sachs & Co. LLC and Davis Polk & Wardwell LLP have been appointed as financial and legal advisors, and no definitive timeline has been set for completion.
2. First Quarter Financial Results
Integer posted first-quarter 2026 sales of $440 million, a 0.5% increase year-over-year with 1.3% organic growth. GAAP net income rose 173% to $17 million, or $0.48 per share, while non-GAAP adjusted EPS declined 8% to $1.20. Total debt increased to $1.252 billion, resulting in a 3.2× leverage ratio on adjusted EBITDA.
3. 2026 Full-Year Guidance and 2027 Outlook
Management reaffirmed full-year non-GAAP EPS guidance of $5.83 to $6.40 and revenue between $1.81 billion and $1.84 billion. Despite short-term headwinds from new products, the company expects to achieve 200 basis points of above-market organic sales growth in 2027.
