Integer Holdings Corporation reported its financial results for the second quarter and first half of 2025, revealing a notable increase in revenue and profitability compared to the previous fiscal period. For the three months ended June 27, 2025, the company generated sales of $476.5 million, an increase of 11.4% from $427.9 million in the same period of 2024. Gross profit for the quarter rose to $129.2 million, up from $117.4 million, while net income from continuing operations was $37.0 million, or $1.04 per diluted share, compared to $31.2 million, or $0.88 per diluted share, in the prior year.
In the first half of 2025, Integer's sales reached $913.9 million, a 9.4% increase from $835.7 million in the first half of 2024. However, net income from continuing operations for the six months decreased significantly to $14.5 million, or $0.41 per diluted share, down from $51.8 million, or $1.47 per diluted share, in the same period last year. This decline was attributed to a substantial increase in other losses, including a $46.7 million debt conversion inducement expense related to the exchange of 2028 Convertible Notes.
The company has made strategic moves to enhance its market position, including the acquisition of Precision Coating LLC and VSi Parylene in early 2025, which are expected to expand its service offerings in high-value surface coating technologies. These acquisitions were funded through borrowings under its revolving credit facility. Integer's operational metrics showed a positive trend, with an increase in accounts receivable and inventory, reflecting strong demand and sales growth. The company reported a current ratio of 3.41, indicating a solid liquidity position.
Integer's operational expenses increased due to higher selling, general, and administrative costs, which rose to $52.9 million in the second quarter, up from $46.5 million in the prior year. The company also reported a decrease in interest expenses, which fell to $9.8 million for the quarter, down from $14.6 million, primarily due to lower interest rates on outstanding borrowings. Looking ahead, Integer Holdings Corporation anticipates continued growth driven by strong demand in its core markets and the successful integration of its recent acquisitions, while also managing its debt levels and operational efficiencies.
About Integer Holdings Corp
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