Integer Updates 2019 Guidance Following Customer Chapter 11 Filing, No change in prior view of 2020 sales outlook
Integer Holdings Corporation (ITGR)
Last integer holdings corporation earnings: 2/20 08:00 am
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Source: GlobeNewswire
PLANO, Texas, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced the following related to the Chapter 11 filing of Nuvectra Corporation (“Nuvectra”), a customer of Integer, on November 12, 2019: Estimated 4Q19 asset impairment charge and other costs of approximately $24 million pre-tax, primarily non-cashLowered 2019 sales guidance by $12 million on the low and high end of range; lowered 2019 GAAP income and earnings per share (“EPS”) guidance, but no change in non-GAAP adjusted EBITDA, adjusted income and adjusted EPS guidance(a)The Nuvectra bankruptcy filing does not change Integer's prior view of its 2020 sales outlook Integer will incur an estimated $24 million in pre-tax asset impairments and related charges, primarily non-cash and related to inventory, supplier obligations and accounts receivable. These charges will impact Integer’s GAAP financial results, thereby reducing GAAP inco
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ITGR
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- 10/24/24 - Beat
ITGR
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- 10/24/24 - Form 10-Q
- 10/24/24 - Form 8-K
- 10/2/24 - Form 8-K
- ITGR's page on the SEC website