Integer Holdings (ITGR) Stock

PLANO, Texas, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE: ITGR) (“Integer” or the “Company”), a leading medical device contract development and manufacturing organization, today notified holders of its 2.125% Convertible Senior Notes due 2028 (the “Notes”) that the Notes are convertible, at the option of the holders (the “Conversion Option”) beginning on January 1, 2025, and ending at the close of business on March 31, 2025. The Notes are convertible into cash, up to the principal amount of the Notes, and in cash, shares of the Company's common stock or a combination thereof, at the Company's election, in respect of the remainder, if any, of the Company's conversion obligation in excess of the aggregate principal amount of the Notes being converted. Any determination regarding the convertibility of the Notes during future periods will be made in accordance with the terms of the Indenture governing the Notes.

ITGR's research and product development activities raise optimism about the stock. Rising demand for its products bodes well for the company.

ITGR shares gain on the back of growth in the Medical segment. However, dependence on third-party suppliers is concerning.

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ITGR shares gain on the back of growth in the Medical segment. However, fluctuations in the oil and energy market are concerning.

ITGR's third-quarter results reflect solid Medical sales and margin expansion amid the divestiture of its Electrochem business.

Integer (ITGR) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.27 per share a year ago.