Integra Lifesciences Holdings Corp
XMUN:IL3

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Integra Lifesciences Holdings Corp Logo
Integra Lifesciences Holdings Corp
XMUN:IL3
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Price: 13.6 EUR Market Closed
Market Cap: €2.7B

Integra Lifesciences Holdings Corp
Investor Relations

Integra LifeSciences makes medical devices and biologic products used in surgery, especially in neurosurgery, brain and spine procedures, wound repair, and other complex operations. Its products include surgical instruments, implants, nerve repair products, dural substitutes, and tissue-based materials that help doctors close wounds, protect tissue, and support healing. Its main customers are hospitals, surgeons, ambulatory surgery centers, and other healthcare providers. Integra makes money by selling these products directly to customers and through distributors, with demand tied to the number and type of surgeries performed. Because many of its products are used in specialized procedures, it sits in a niche part of the healthcare market rather than in everyday consumer medicine. What makes the business model different is that it combines traditional medical devices with regenerative tissue products. That gives it exposure to both hardware-like surgical tools and more specialized biologic products that are used in critical care and reconstruction. In practice, Integra is a supplier to doctors and hospitals that need precise tools and materials for difficult surgeries and wound treatment.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 5, 2026
AI Summary
Q1 2026

Strong quarter: Integra reported Q1 revenue of $392 million and adjusted EPS of $0.54, both above the high end of guidance.

Guidance: The company kept full-year revenue guidance unchanged at $1.66 billion to $1.7 billion, while raising adjusted EPS guidance to $2.40 to $2.50.

Leadership shift: Stuart Essig returned as President and CEO, saying the company is staying the course on transformation while putting more emphasis on customers and commercial execution.

Supply improving: Management said better product availability and remediation progress were major drivers of the quarter and should support a more steady revenue cadence through the year.

Wound momentum: Tissue Reconstruction posted strong growth, helped by Integra Skin, DuraSorb and PriMatrix, and management sounded upbeat about the business despite changes in skin substitute reimbursement.

Longer-term upside: The company expects SurgiMend to return to market in Q4 2026, with PMA approvals for SurgiMend and DuraSorb expected in 2027 and meaningful breast reconstruction contribution beyond that.

Key Financials
Revenue
$392 million
Adjusted EPS
$0.54
Gross margin
64.1%
Adjusted EBITDA margin
19.4%
Operating cash flow
$9.8 million
Capital expenditures
$14.8 million
Free cash flow
negative $5 million
Free cash flow conversion rate
negative 12.1%
Net debt
$1.6 billion
Leverage ratio
4.1x
Total liquidity
approximately $488 million
Cash and short-term investments
approximately $266 million
Specialty Surgery revenue
$283 million
Global Neurosurgery growth
1.9% organic growth
Tissue Reconstruction revenue
$109 million
Wound Reconstruction growth
6.2%
Private label sales growth
7.1%
Q2 revenue guidance
$410 million to $425 million
Full-year revenue guidance
$1.66 billion to $1.7 billion
Full-year adjusted EPS guidance
$2.40 to $2.50
Q2 adjusted EPS guidance
$0.44 to $0.52
Q2 revenue midpoint step-up
approximately $26 million
Foreign exchange tailwind
approximately 80 basis points
Tariff benefit
$0.02
Reimbursement rate
$127 per square centimeter
Braintree start of production
by the end of June
SurgiMend relaunch
by the end of the year
SurgiMend PMA approval
sometime in 2027
DuraSorb PMA approval
shortly thereafter in 2027
Earnings Call Recording
Other Earnings Calls

Management

Dr. Stuart M. Essig Ph.D.
Executive Chairman
No Bio Available
Ms. Lea Daniels Knight
Executive VP & CFO
No Bio Available
Mr. Jeffrey A. Mosebrook
Senior VP of Finance & Principal Accounting Officer
No Bio Available
Mr. Eric Ian Schwartz J.D.
Executive VP, Chief Legal Officer & Secretary
No Bio Available
Mr. Robert T. Davis Jr.
Executive VP & President of Tissue Technologies
No Bio Available
Mr. Stephen Leonard
Corporate VP of Global Operations & Supply Chain
No Bio Available
Laurene Isip
Vice President of Global Corporate Communications & Public Relations
No Bio Available
Ms. Ruth L. Fleming
Vice President of Global Marketing
No Bio Available
Ms. Chantal Veillon-Berteloot
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. Mark Jesser
Corporate VP & Chief Digital Officer
No Bio Available

Contacts

Address
NEW JERSEY
Princeton
1100 Campus Road
Contacts
+16092750500.0
www.integralife.com
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