Integra Lifesciences Q3 revenue slightly misses estimates on flood damage
Overview
U.S. medical technology firm's Q3 revenue grew 2.3% but slightly missed analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Quarter impacted by Cincinnati flood and weaker Tissue Reconstruction performance
Outlook
Company expects Q4 revenue of $413 mln to $433 mln
Company expects Q4 adjusted EPS of $0.61 to $0.71
Company sees 2026 revenue at $1.634 bln to $1.654 bln
Result Drivers
CINCINNATI FLOOD - Co said Q3 results were negatively impacted by $7 mln in lost revenue due to flood damage at Cincinnati facility
SPECIALTY SURGERY GROWTH - Co said Specialty Surgery segment delivered stronger performance, led by growth in Neurosurgery products
TISSUE RECONSTRUCTION WEAKNESS - Co said Tissue Reconstruction segment declined, with growth in some products offset by declines in others
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | $411.20 mln | $414.12 mln (11 Analysts) |
Q3 Adjusted EPS | Beat | $0.59 | $0.56 (11 Analysts) |
Q3 EPS | $0.19 | ||
Q3 Adjusted Net Income | $46.40 mln | ||
Q3 Adjusted EBITDA | $79.80 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."
Wall Street's median 12-month price target for Integra LifeSciences Holdings Corporation is $15.00, about 12.5% above its October 20 closing price of $13.33
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)