By Katherine Hamilton
Integer has initiated a strategic review to consider a possible sale or merger.
The medical-device company initiated the review because it has received "strong interest," board chair Pamela Bailey said Thursday.
There is no deadline for the review and no assurance it will result in a transaction.
Integer separately lowered its outlook for 2026, citing headwinds with three of its products. Management has previously said that those products are not seeing the rate of adoption from customers that executives had expected.
The company now expects sales to be $1.81 billion to $1.84 billion, down from a prior range of $1.83 billion to $1.88 billion. It anticipates adjusted earnings per share will be $5.83 to $6.40, down from its earlier projection of $6.29 to $6.78.
Integer reported $439.6 million in revenue in the first quarter, which was roughly flat with the prior-year quarter.
The company swung to a profit of $16.5 million, or 48 cents a share, from a loss of $22.5 million, or 66 cents a share.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 30, 2026 08:48 ET (12:48 GMT)
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