Integer Holdings Corp (NYSE:ITGR) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET
Company Participants
Anthony Borowicz - SVP, IR
Joseph Dziedzic - President, CEO & Director
Jason Garland - EVP & CFO
Conference Call Participants
Matthew Mishan - KeyBanc Capital Markets
James Sidoti - Sidoti & Company
Robert Wasserman - The Benchmark Company
Operator
Good day. My name is Savannah, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Integer Holdings Corporation First Quarter 2022 Earnings Call. [Operator Instructions]. And I would now like to turn the conference over to Tony Borowicz. Please go ahead.
Anthony Borowicz
Good morning, everyone. Thank you for joining us, and welcome to Integer's First Quarter 2022 Earnings Conference Call. With me today are Joe Dziedzic, President and Chief Executive Officer; and Jason Garland, 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 a reconciliation of these non-GAAP measures, please refer to the appendix of today's presentation, today's earnings press release and the 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 more detail on the recently announced acquisition of Aran Biomedical. Jason will then review our adjusted financial results for the first quarter 2022, provide additional insight on our product line performance and review our full year 2022 guidance. Joe will come back to provide his closing remarks, and then we will open up the call for your questions.
With that, I'll turn the call over to Joe.
Joseph Dziedzic
Thank you, Tony, and thanks to everyone for joining the call today, especially the Integer Associates who have continued to deliver for our customers during these dynamic times, while also remaining focused on executing our strategy. Our first quarter results were consistent with our expectations when we provided full year guidance on our last earnings call. We told investors that we expected our first quarter sales to be about the same as the fourth quarter of last year. They were within $2 million of that guidance. We did not provide profit guidance for the first quarter, but I can share that we deliver the exact adjusted operating income we were projecting, which was $39 million.