Integer Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 10/25 10:28

Integer Holdings (NYSE:ITGR) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$431.4m (up 6.6% from 3Q 2023).
  • Net income: US$36.3m (up 33% from 3Q 2023).
  • Profit margin: 8.4% (up from 6.7% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$1.08 (up from US$0.82 in 3Q 2023).
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NYSE:ITGR Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Integer Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 4.8%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Integer Holdings (1 is a bit concerning) you should be aware of.