Posted on 11/2018
Integer Holdings Corporation Reports Third Quarter 2018 Results
Integer Holdings Corporation, a leading medical device outsource manufacturer, today announced results for the three and nine months ended September 28, 2018.
“Integer delivered another strong quarter of sales growth and even stronger net income, leading to another increase in our revenue and EPS guidance,” said Joseph Dziedzic, Integer’s president and chief executive officer. “We also reduced our debt dramatically during the quarter and lowered our debt leverage ratio to 3.7 times adjusted EBITDA, down from 5.6 at the beginning of the year.
“With the executive leadership team in place, we are focused on executing our portfolio strategy to win in the markets we serve and our operational strategy to achieve excellence in everything we do. We remain in a strong position to deliver on our long-term objectives of sales growth above the market, profit growth two times sales growth, and earning a valuation premium,” Mr. Dziedzic concluded.