-- (Updates with recent stock movement and announcement of a strategic review in the headline, first paragraph, and eighth paragraph.)
Integer (ITGR) shares were up 5.2% in afternoon trading on Thursday after reporting fiscal Q1 results that beat analysts' expectations and announcing its board has initiated a strategic review.
The company reported fiscal Q1 adjusted earnings of $1.20 per diluted share, compared with $1.31 a year earlier.
Analysts surveyed by FactSet expected $1.19.
Sales for the quarter ended April 3 were $439.6 million, compared with $437.4 million a year earlier.
Analysts surveyed by FactSet expected $426.5 million.
The company said it now expects fiscal 2026 adjusted diluted EPS of $5.83 to $6.40, compared with previous outlook range of $6.29 to $6.78. Analysts surveyed by FactSet expect $6.49.
Full-year sales are now projected to be in the range of $1.81 billion to $1.84 billion, down from $1.83 billion to $1.88 billion previously. Analysts surveyed by FactSet expect $1.85 billion.
Integer said it did not set a deadline for completing the review of potential opportunities, including a sale, merger, or business combination.
Price: $88.00, Change: $+4.33, Percent Change: +5.18%