Integer (ITGR) Q3 2026 earnings summary

Executive summary

• Q3 sales fell 3.9% YoY to $449.7M, with organic sales down 2.2%; gross margin fell to 22.6% from 27.0%, and diluted continuing-operations EPS declined to $0.43 from $1.11.

• Nine-month sales declined 2.0% to $1.353B; continuing-operations income rose 1.6% to $55.1M and diluted EPS increased to $1.60 from $1.52.

• GAAP and adjusted profitability declined in Q3; no financial outlook was issued amid the pending acquisition, with closing anticipated by year-end 2026 subject to remaining conditions.

Financial highlights

• Q3 sales were $449.7M versus $467.7M; nine-month sales were $1.353B versus $1.382B, down 2.0% reported and 0.8% organically.

• Q3 gross profit fell 19.5% to $101.6M; operating income declined 50.0% to $28.2M, with operating margin at 6.3% versus 12.1%.

• Q3 adjusted operating income fell 22.8% to $66.3M; adjusted net income fell 26.9% to $46.1M, and adjusted EPS was $1.34 versus $1.79.

• Q3 continuing-operations income fell 62.3% to $15.0M; nine-month income rose 1.6% to $55.1M, including a $46.7M debt-conversion inducement expense in 2025.

• Nine-month adjusted operating income fell 15.9% to $200.3M; adjusted net income fell 13.3% to $142.1M.

Outlook and guidance

• Financial outlook was suspended amid the pending transaction; closing was anticipated by year-end 2026, subject to customary conditions and required regulatory approvals.

• Projected operating cash flow, cash and revolver capacity were expected to cover working capital, debt service and capital expenditures for the next 12 months.

• Gross margin was expected to fluctuate; lower fixed-cost absorption and raw-material inflation pressured 2026 margins, partly offset by cost reductions.