Mission Statement, Vision, & Core Values of Integer Holdings Corporation (ITGR)

What drives a company that generated $1.717 billion in sales in 2024 and aims for 8-10% sales growth in 2025? Integer Holdings Corporation, a key player in medical device outsourcing, operates with a clear mission, vision, and a robust set of core values.

Have you ever wondered how these elements shape their strategies and impact the healthcare industry? Let's explore Integer Holdings' guiding principles and how they contribute to their goal of improving patient lives worldwide.

Integer Holdings Corporation (ITGR) An Overview of

Integer Holdings Corporation (ITGR) focuses on medical device outsourcing (MDO), providing a range of products and services to the medical device industry. The company's history involves manufacturing components and devices for various medical applications, including cardiovascular, neuromodulation, and orthopedic fields. As of April 2025, Integer continues to serve these markets, offering services from design and development to manufacturing and supply chain management.

Integer Holdings Corporation reported record sales of $1.67 billion for the fiscal year 2024. This reflects a 12.7% increase on a reported basis and an 11.6% increase on an organic basis compared to the previous year. A significant portion of this revenue came from the Cardio & Vascular market, which saw revenues of $649 million. Furthermore, Electrochem saw revenues of $478 million, and Neuromodulation revenues reached $297 million. The company's focus on these key markets has driven substantial financial growth.

Integer Holdings Corporation stands as a prominent player in the medical device manufacturing sector. Here are some factors that contribute to its success:

• Strategic Market Focus: Integer concentrates on high-growth markets such as cardiovascular, neuromodulation, and electrochemistry.
• Comprehensive Service Offering: The company provides end-to-end solutions, from design and development to manufacturing and supply chain management.
• Record Financial Performance: Integer has demonstrated consistent revenue growth, with 2024 marking a record year in sales.

To gain deeper insights into Integer's financial stability and investment potential, explore this detailed analysis: Breaking Down Integer Holdings Corporation (ITGR) Financial Health: Key Insights for Investors

Integer Holdings Corporation (ITGR) Mission Statement

The mission of Integer Holdings Corporation is to improve the lives of patients worldwide through innovative medical technologies. This statement reflects the company's commitment to making a tangible difference in the healthcare industry by focusing on innovation and quality in its products and services.

Here's a breakdown of the core components of Integer's mission statement:

• Focus on Improving Lives: Integer aims to positively impact patient well-being by enhancing their quality of life and health outcomes.
• Global Impact: The company's reach extends worldwide, indicating its dedication to addressing healthcare needs on a global scale.
• Innovative Medical Technologies: Integer emphasizes the importance of innovation in developing cutting-edge medical solutions.

Integer Holdings Corporation strives to be at the forefront of medical technology, continuously pushing the boundaries of what is possible to improve healthcare outcomes for individuals around the world. The company's vision is not just about creating cutting-edge products but also about fostering a culture of collaboration and innovation.

Integer Holdings Corporation is dedicated to delivering life-changing solutions that enhance the lives of patients around the world. By staying true to its core values of collaboration, innovation, and patient-centricity, the company is confident that it will continue to make a positive impact on the lives of patients for years to come.

Integer's Vision Statement: To be the global leader in providing cutting-edge healthcare solutions.

Integer Holdings Corporation (NYSE: ITGR) reported strong results for the full year 2024:

• Sales increased 10% to $1.717 billion.
• GAAP income from continuing operations increased $32 million to $121 million, an increase of 36%.
• Adjusted net income increased $28 million to $184 million, an increase of 18%.
• GAAP operating income increased $45 million to $208 million, an increase of 28%.
• Adjusted operating income increased $48 million to $285 million, an increase of 20%.
• GAAP diluted EPS from continuing operations increased $0.76 per share to $3.40 per share, an increase of 29%.
• Adjusted EBITDA increased $57 million to $361 million, an increase of 19%.
• Generated $205 million of cash flow from operating activities.

Integer Holdings Corporation's core values are:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Innovation: Creating better solutions through creativity, collaboration, and continuous improvement.
• Collaboration: Believing in the power of teamwork and collaboration.
• Excellence: Striving to deliver quality products that make a difference in the lives of patients worldwide.
• Customer: Focusing on customers' success.
• Inclusion: Interacting with others respectfully.
• Candor: Being open and honest with one another.

Read more about the company's history, ownership, and operations here: Integer Holdings Corporation (ITGR): History, Ownership, Mission, How It Works & Makes Money

Integer Holdings Corporation (ITGR) Vision Statement

Integer Holdings Corporation aims to enhance the lives of patients through innovative medical technologies. The company's mission, vision, and values reflect a commitment to quality, customer satisfaction, and ethical conduct. As of April 2025, Integer continues to focus on delivering high-quality medical devices and components that meet the evolving needs of the healthcare industry.

Integer Holdings Corporation (ITGR) strives to be the world’s most trusted and innovative medical device outsource (MDO) manufacturer. This vision is supported by a mission to improve the lives of patients and a commitment to its core values, which guide the company’s operations and strategic decisions. Here’s a detailed look into each aspect:

Mission Statement

Integer's mission is to improve the lives of patients. This is achieved through the design, development, and manufacturing of innovative medical technologies. The company focuses on creating products that enhance the quality of life and provide effective solutions for healthcare providers and patients alike. Integer's commitment to this mission is evident in its continuous investment in research and development, ensuring that it remains at the forefront of medical technology advancements.

• Patient-Centric Approach: Integer places patients at the heart of its operations, ensuring that all products are designed with their needs in mind.
• Innovation: The company continuously seeks innovative solutions to improve medical treatments and outcomes.
• Quality: Integer is dedicated to maintaining the highest standards of quality in its products and services, ensuring reliability and safety.

Vision Statement

Integer envisions becoming the world’s most trusted and innovative medical device outsource (MDO) manufacturer. This vision reflects the company’s ambition to lead the industry by providing unparalleled value to its customers through innovation, reliability, and expertise. Integer aims to be the go-to partner for medical device companies seeking comprehensive solutions from design to manufacturing.

• Trust: Integer seeks to build and maintain trust with its customers by delivering on its promises and adhering to the highest ethical standards.
• Innovation: The company is committed to driving innovation in the medical device industry, helping its customers bring cutting-edge products to market.
• Global Leadership: Integer aspires to be recognized as the leading MDO manufacturer globally, serving customers across various regions and markets.

Core Values

Integer’s core values are the guiding principles that shape its culture and behavior. These values underpin the company’s commitment to its mission and vision. Integer's core values include:

• Customer Focus: Integer prioritizes customer satisfaction by understanding their needs and delivering tailored solutions.
• Integrity: The company operates with the highest level of integrity, ensuring transparency and ethical conduct in all its dealings.
• Teamwork: Integer fosters a collaborative environment where employees work together to achieve common goals.
• Excellence: The company strives for excellence in all aspects of its operations, from product development to customer service.
• Respect: Integer values diversity and treats all stakeholders with respect and dignity.

These values drive Integer’s commitment to quality, compliance, and continuous improvement.

Integer Holdings Corporation's financial performance in 2024 demonstrates its dedication to these principles. According to the 2024 annual report, Integer reported sales of $1.69 billion, an increase of 11.2% compared to 2023. The company's adjusted net income was $134.9 million, or $4.07 per share. Furthermore, Integer invested $73.1 million in research and development, reflecting its commitment to innovation and future growth. The company's focus on strategic acquisitions and operational efficiency has also contributed to its strong financial results, positioning it as a key player in the medical device manufacturing industry. These figures underscore Integer's financial health and its ability to deliver value to its stakeholders.

For more insights into Integer Holdings Corporation's financial standing, you might find this resource helpful: Breaking Down Integer Holdings Corporation (ITGR) Financial Health: Key Insights for Investors

Integer Holdings Corporation (ITGR) Core Values of

At Integer Holdings Corporation, a commitment to core values drives their operations and shapes their interactions with stakeholders. These values, as demonstrated through various initiatives and financial results, reflect a dedication to excellence and ethical conduct. More information about Integer Holdings Corporation can be found here: Integer Holdings Corporation (ITGR): History, Ownership, Mission, How It Works & Makes Money.

Customer

Integer demonstrates its commitment to customers by prioritizing their needs and striving to exceed expectations. This dedication is evident in their financial performance and strategic initiatives. For example, Integer reported $1.59 billion in revenue for the year 2024, reflecting a 12.74% increase compared to the previous year. This growth indicates strong customer demand and satisfaction with Integer's products and services. The company's gross profit for 2024 was $421.78 million, a 15.82% increase year-over-year, underscoring their ability to deliver value to customers while maintaining profitability.

Integer's customer-centric approach is also reflected in their investments in research and development. In 2024, Integer spent $73.58 million on R&D, demonstrating their commitment to innovation and developing new products that meet the evolving needs of their customers. This investment is crucial for maintaining a competitive edge and ensuring long-term customer satisfaction.

Innovation

Innovation is a cornerstone of Integer's operational philosophy. The company actively fosters a culture of creativity and continuous improvement, which is essential for staying ahead in the medical device industry. Integer’s financial commitment to innovation is evident in its R&D expenditure. With $73.58 million invested in 2024, Integer ensures that it remains at the forefront of technological advancements. This investment supports the development of cutting-edge medical technologies, enhancing patient care and treatment outcomes.

Integer's focus on innovation extends beyond financial investment. The company also promotes collaborative projects and internal initiatives that encourage employees to generate new ideas and improve existing processes. This approach has led to the development of several key products and technologies that have significantly impacted the medical device market.

Collaboration

Collaboration is integral to Integer's success, fostering teamwork and partnerships both internally and externally. By encouraging diverse perspectives and shared goals, Integer enhances its problem-solving capabilities and drives better outcomes. This collaborative spirit is reflected in various aspects of the company’s operations, from product development to customer service.

Integer actively promotes cross-functional teams to leverage the expertise of different departments. These teams work together to address complex challenges and develop comprehensive solutions. For example, Integer's supply chain optimization efforts involve close collaboration between procurement, manufacturing, and logistics teams, resulting in improved efficiency and reduced costs. This collaborative approach contributed to Integer's operating income of $134.29 million in 2024.

Inclusion

Integer values inclusion, creating a workplace where every individual feels respected and has the opportunity to contribute fully. This commitment to diversity and equity is not only ethically sound but also drives innovation and enhances organizational performance. Integer's inclusive practices are embedded in its hiring processes, employee development programs, and corporate culture.

Integer has implemented several initiatives to promote diversity and inclusion within its workforce. These include targeted recruitment efforts to attract candidates from underrepresented groups, unconscious bias training for hiring managers, and employee resource groups that provide support and networking opportunities. The company's dedication to inclusion is reflected in its employee satisfaction scores and its ability to attract and retain top talent. Integer's workforce diversity initiatives align with its broader strategic goals, enhancing its ability to innovate and serve a diverse customer base.

Integrity

Integrity is at the heart of Integer's business practices, guiding every decision and action. The company is committed to upholding the highest ethical standards and maintaining transparency in all its dealings. This unwavering commitment to integrity builds trust with customers, employees, and shareholders, fostering long-term success and sustainability.

Integer's commitment to integrity is evident in its corporate governance policies and compliance programs. The company has a comprehensive code of conduct that outlines ethical expectations for all employees. Integer also conducts regular audits and risk assessments to ensure compliance with applicable laws and regulations. These measures help to prevent misconduct and maintain a culture of integrity throughout the organization.

Integer's dedication to ethical conduct extends to its financial reporting practices. The company adheres to strict accounting standards and provides accurate and transparent financial information to its stakeholders. This commitment to financial integrity enhances investor confidence and supports the company's long-term value creation.