M&A - Integer Holdings Corp

Form Type: 10-Q

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: New

Accession Number: 000111448325000084

Filing Summary: Integer Holdings Corporation reported its financial results for the quarterly period ended March 28, 2025, highlighting key financial metrics including total sales of $437.4 million and a gross profit of $120.3 million. The company incurred a net loss of $22.5 million, primarily driven by a $12.999 million loss from continuing operations before taxes. The company is involved in continuing acquisitions, notably the acquisition activities during the quarter which totaled $171.954 million, contributing to significant operational expenditures. The quarter saw an increase in total assets to $3.3 billion, alongside total liabilities rising to $1.7 billion. Furthermore, Integer's financial strategies include managing its debt levels efficiently with the company issuing convertible debt during the period amidst restructuring efforts. Comparatively, there was a slight improvement in accounts receivable and inventories, with reported decline in cash and cash equivalents to $31.711 million. This report provides a comprehensive view of the financial health and strategic operational adjustments of Integer Holdings Corporation over the reported period.