Integer Holdings Corporation (NYSE:ITGR) Q2 2022 Earnings Conference Call July 28, 2022 12:00 PM ET
Company Participants
Tony Borowicz - Senior Vice President, Investor Relations
Joe Dziedzic - President and Chief Executive Officer
Jason Garland - Executive Vice President and Chief Financial Officer
Conference Call Participants
Matthew Mishan - KeyBanc
Jim Sidoti - Sidoti & Company
Operator
Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today. At this time, I would like to welcome everyone to the Integer Holdings Corporation’s Second Quarter Earnings Call. [Operator Instructions] It is now my pleasure to turn today’s call over to Tony Borowicz, Senior Vice President of Investor Relations. Sir, please go ahead.
Tony Borowicz
Good morning, everyone. Thank you for joining us and welcome to Integer’s second quarter 2022 earnings conference call. With me today are Joe Dziedzic, President and Chief Executive Officer and Jason Garland, our Executive Vice President and Chief Financial Officer.
As a reminder, the results and data we discuss today reflect the consolidated results of Integer for the periods indicated. During our call, we will discuss some non-GAAP measures. For reconciliation of these non-GAAP measures, please refer to the appendix of today’s presentation, today’s earnings press release and trending schedules, which are available on our website at integer.net. Please note that today’s presentation includes forward-looking statements. Please refer to the company’s SEC filings for a discussion of the risk factors that could cause our actual results to differ materially.
On today’s call, Joe will provide his opening comments and an update on the execution of Integer’s strategy. Jason will then review our adjusted financial results for the second quarter 2022, provide additional insight on our product line performance and review our full year 2022 guidance. Joe will come back on to provide his closing remarks, and then we’ll open up the call for your questions.
With that, let me turn the call over to Joe.
Joe Dziedzic
Thank you, Tony, and thanks to everyone for joining the call today, especially the Integer associates who have continued to execute our strategy through these dynamic times.
In the second quarter, we delivered financial results in line with our expectations shared during our last earnings call. Sales grew double-digits versus last year and the first quarter of this year. Our adjusted operating profit grew 28% versus the first quarter and was about flat versus last year as the current labor and supply chain environment had minimal impact on our second quarter results last year. We have increased our full year sales outlook by $14 million to deliver 12% to 14% growth year-over-year.