From GlobeNewswire:

Integer Holdings Corporation (NYSE:ITGR) reports a 16% increase in full year 2023 sales compared to 2022. The company’s preliminary fourth quarter 2023 unaudited sales are expected to be between $411 million and $413 million. In addition, it has acquired Pulse Technologies, Inc., a micro machining company based in Pennsylvania, and is set to host a conference call regarding its 2023 results on Thursday, February 15, 2024 at 8 a.m. CT. Integer Holdings Corporation (NYSE:ITGR) is scheduled to release its fourth quarter and full year 2023 results on Thursday, February 15, 2024, followed by a conference call at 8 a.m. CT to discuss these results. The company’s preliminary unaudited sales for full year 2023 are expected to be around $1.595 billion to $1.597 billion, marking a 16% increase compared to 2022. Additionally, it has acquired Pulse Technologies, Inc., a technology and engineering company focused on micro machining of medical device components for high growth markets. Integer Holdings Corporation has acquired Pulse Technologies, Inc., a company focused on micro machining of medical device components for high growth markets. The Quakertown-based company is known for its proprietary technologies, including Hierarchical Surface Restructuring (HSR™) and Scratch-Free Surface Finishes, and serves major MedTech OEMs. Integer’s acquisition of Pulse Technologies is intended to expand its capabilities and manufacturing footprint in targeted growth markets and provide customers with expanded capabilities and resources to accelerate product time to market. Furthermore, Integer anticipates that Pulse Technologies’ sales growth and adjusted EBITDA margin will be accretive. The acquisition of Pulse Technologies also includes potential additional consideration contingent on achieving specific revenue growth targets through 2025. The transaction, which has been completed using borrowings under Integer’s existing revolving credit facility, is expected to provide the company with advanced technology and growth opportunities. Additionally, Integer anticipates it will stay within the 2.5x – 3.5x leverage target following the transaction.če_Integer Holdings Corporation recently acquired Pulse Technologies for approximately $140 million, subject to customary purchase price adjustments. This deal, which closed on January 5, 2024, uses borrowings from Integer’s existing revolving credit facility. Pulse Technologies is expected to contribute approximately $42 million in sales and approximately $11 million in adjusted EBITDA for the full year 2023. The acquisition is also expected to be accretive to sales growth and adjusted EBITDA margin for Integer. Integer Holdings Corporation is set to release its full year and fourth quarter 2023 financial and operational results on February 15, 2024. This will be followed by a webcast at 8 a.m. CT to discuss the results. The webcast will be available for replay for seven days, and an audio replay will also be accessible using the given conference ID. Investors may automatically receive Integer Holdings Corporation’s financial news by email by visiting the company website and subscribing to email alerts.This news release by Integer Holdings Corporation makes clear that the company’s preliminary unaudited full year 2023 sales are expected to increase by 16% compared to 2022, while its preliminary fourth quarter sales are expected to increase by 10% to 11% compared to the same period in 2022. In addition, the acquisition of Pulse Technologies, a micro machining company specializing in medical devices, is expected to contribute significantly to Integer’s capabilities and capacity in targeted growth markets. The acquisition will allow Integer to increase product time to market, enhance its value proposition to customers, and accelerate its growth opportunities. Integer will stay within the 2.5x – 3.5x leverage target after the Pulse Technologies acquisition, and the on January 5, 2024 closing was completed with borrowings under Integer’s existing revolving credit facility. The announcement also highlights that the company will release financial and operational results for fourth quarter and full year 2023 on February 15, 2024, and that it will hold a webcast to discuss these results, containing forward-looking financial information as part of the company’s fourth quarter earnings release and conference call. Management is set to discuss the results and other forward-looking and material information during the call. The company also offers various access options for people who are interested in engaging with them further, such as through a live or archived replay on the Investor Relations section of its website at investor.integer.net.



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