Integer Holdings Corp. Files 10-Q for Q2 2024
Ticker: ITGR · Form: 10-Q · Filed: Jul 25, 2024 · CIK: 1114483
| Field | Detail |
|---|---|
| Company | Integer Holdings CORP (ITGR) |
| Form Type | 10-Q |
| Filed Date | Jul 25, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Integer Holdings Q2 2024 10-Q filed. Financials are in.
AI Summary
Integer Holdings Corp. reported its second quarter 2024 results for the period ending June 28, 2024. The company's financial statements and disclosures are detailed in this 10-Q filing. Specific financial figures and operational details for the quarter are provided within the document.
Why It Matters
This filing provides investors and analysts with the official financial performance data for Integer Holdings Corp. for the second quarter of 2024, enabling informed investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.
Key Numbers
- 20240628 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
- 20240725 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- Integer Holdings Corp. (company) — Filer of the 10-Q
- 20240628 (date) — End of the reporting period
- GREATBATCH, INC. (company) — Former company name
- WILSON GREATBATCH TECHNOLOGIES INC (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended June 28, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on July 25, 2024.
What were Integer Holdings Corp.'s former company names?
Integer Holdings Corp.'s former company names include GREATBATCH, INC. and WILSON GREATBATCH TECHNOLOGIES INC.
What is Integer Holdings Corp.'s Standard Industrial Classification code?
Integer Holdings Corp.'s Standard Industrial Classification code is 3845, for ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS.
In which state was Integer Holdings Corp. incorporated?
Integer Holdings Corp. was incorporated in Delaware (DE).
Filing Stats: 4,386 words · 18 min read · ~15 pages · Grade level 15.2 · Accepted 2024-07-25 16:41:23
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share ITGR New York Stock
Filing Documents
- itgr-20240628.htm (10-Q) — 1631KB
- a2024q2ex311.htm (EX-31.1) — 17KB
- a2024q2ex312.htm (EX-31.2) — 17KB
- a2024q2ex321.htm (EX-32.1) — 9KB
- itgr-20240628_g1.jpg (GRAPHIC) — 76KB
- 0001114483-24-000114.txt ( ) — 9867KB
- itgr-20240628.xsd (EX-101.SCH) — 56KB
- itgr-20240628_cal.xml (EX-101.CAL) — 77KB
- itgr-20240628_def.xml (EX-101.DEF) — 303KB
- itgr-20240628_lab.xml (EX-101.LAB) — 773KB
- itgr-20240628_pre.xml (EX-101.PRE) — 559KB
- itgr-20240628_htm.xml (XML) — 1823KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Financial Statements
ITEM 1. Financial Statements 3 Condensed Consolidated Balance Sheets (Unaudited) 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) 4 Condensed Consolidated Statements of Cash Flows (Unaudited) 5 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 6 Notes to Condensed Consolidated Financial Statements (Unaudited) 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 30
Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk 44
Controls and Procedures
ITEM 4. Controls and Procedures 44
—OTHER INFORMATION
PART II—OTHER INFORMATION
Legal Proceedings
ITEM 1. Legal Proceedings 45
Risk Factors
ITEM 1A. Risk Factors 45
Other Information
ITEM 5. Other Information 45
Exhibits
ITEM 6. Exhibits 45
SIGNATURES
SIGNATURES 46 - 2 - Table of Contents
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS INTEGER HOLDINGS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands except share and per share data) June 28, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 34,137 $ 23,674 Accounts receivable, net of provision for credit losses of $ 0.2 million and $ 0.4 million, respectively 240,504 238,277 Inventories 272,335 239,716 Refundable income taxes 9,072 1,998 Contract assets 97,212 85,871 Prepaid expenses and other current assets 23,720 28,132 Total current assets 676,980 617,668 Property, plant and equipment, net 466,296 407,954 Goodwill 1,042,183 1,011,007 Other intangible assets, net 813,727 783,146 Deferred income taxes 6,858 7,001 Operating lease assets 81,345 81,632 Financing lease assets 16,549 11,828 Other long-term assets 22,474 22,417 Total assets $ 3,126,412 $ 2,942,653 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 119,446 $ 120,293 Income taxes payable 461 3,896 Operating lease liabilities 8,729 8,692 Accrued expenses and other current liabilities 77,355 88,088 Total current liabilities 205,991 220,969 Long-term debt 1,118,529 959,925 Deferred income taxes 144,101 145,625 Operating lease liabilities 71,935 72,339 Financing lease liabilities 13,491 10,388 Other long-term liabilities 18,455 14,365 Total liabilities 1,572,502 1,423,611 Commitments and contingencies (Note 10) Stockholders' equity: Common stock, $ 0.001 par value; 100,000,000 shares authorized; 33,531,179 and 33,329,648 shares issued and outstanding, respectively 34 33 Additional paid-in capital 730,157 727,435 Retained earnings 823,105 771,351 Accumulated other comprehensive income 614 20,223 Total stockholders' equity 1,553,910 1,519,042 Total liabilities and stockholders' equity $ 3,126,412 $ 2,942,653 The accompanying notes are an integral part of these condensed consolidated financial statements. - 3 - Table of Contents I