Integer Holdings Corp
For the period ended Jun 28, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Jul 25, 2024
ITGR$126.62+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (Unaudited)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| (in thousands except per share data) | June 28,2024 | June 30,2023 | June 28,2024 | June 30,2023 |
| Sales | $436,202 | $400,044 | $851,007 | $778,829 |
| Cost of sales | 316,809 | 294,240 | 621,774 | 576,352 |
| Gross profit | 119,393 | 105,804 | 229,233 | 202,477 |
| Operating expenses: | ||||
| Selling, general and administrative | 47,117 | 45,827 | 94,046 | 87,713 |
| Research, development and engineering | 16,104 | 16,883 | 31,857 | 35,975 |
| Restructuring and other charges | 986 | 1,518 | 8,867 | 3,047 |
| Total operating expenses | 64,207 | 64,228 | 134,770 | 126,735 |
| Operating income | 55,186 | 41,576 | 94,463 | 75,742 |
| Interest expense | 15,278 | 11,459 | 29,949 | 28,713 |
| (Gain) loss on equity investments | 7 | (134) | (1,129) | 21 |
| Other (gain) loss, net | (127) | 359 | 880 | 1,119 |
| Income before taxes | 40,028 | 29,892 | 64,763 | 45,889 |
| Provision for income taxes | 8,782 | 5,921 | 13,009 | 8,853 |
| Net income | $31,246 | $23,971 | $51,754 | $37,036 |
| Earnings per share: | ||||
| Basic | $0.93 | $0.72 | $1.54 | $1.11 |
| Diluted | $0.88 | $0.71 | $1.47 | $1.10 |
| Weighted average shares outstanding: | ||||
| Basic | 33,600 | 33,312 | 33,540 | 33,285 |
| Diluted | 35,529 | 33,686 | 35,264 | 33,631 |
| Comprehensive Income | ||||
| Net income | $31,246 | $23,971 | $51,754 | $37,036 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation gain (loss) | (3,911) | (2,901) | (17,349) | 5,024 |
| Change in fair value of cash flow hedges, net of tax | (3,346) | 105 | (2,260) | 1,817 |
| Other comprehensive income (loss) | (7,257) | (2,796) | (19,609) | 6,841 |
| Comprehensive income | $23,989 | $21,175 | $32,145 | $43,877 |
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