Integer Holdings Corporation Q1 2026 Results and Strategic Review Announcement

Integer Holdings Corporation announced its first quarter 2026 results, reporting sales of $440 million, a 0.5% increase year-over-year with 1.3% organic growth. GAAP operating income decreased by 36% to $32 million, while non-GAAP adjusted operating income decreased by 14% to $61 million. GAAP net income from continuing operations increased significantly to $17 million, or $0.48 per diluted share, a 173% increase. Non-GAAP adjusted net income decreased by 10% to $41 million, or $1.20 per diluted share. The company's Board of Directors has initiated a strategic review to explore all opportunities to maximize stockholder value, including a potential sale, merger, or strategic business combination. This review is being conducted in consultation with financial and legal advisors, and there is no definitive timeline for its completion. The company is currently focused on executing its strategy and navigating temporary headwinds, with expectations to return to above-market organic sales growth in 2027. Integer Holdings Corporation's total debt increased to $1.252 billion, with a leverage ratio of 3.2 times adjusted EBITDA as of April 3, 2026.