Last $45.27 USD
Change Today -0.69 / -1.50%
Volume 61.0K
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

greatbatch inc (GB) Snapshot

Open
$45.72
Previous Close
$45.96
Day High
$45.73
Day Low
$45.26
52 Week High
07/30/14 - $51.64
52 Week Low
09/30/13 - $33.24
Market Cap
1.1B
Average Volume 10 Days
122.5K
EPS TTM
$2.25
Shares Outstanding
24.9M
EX-Date
--
P/E TM
20.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for GREATBATCH INC (GB)

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greatbatch inc (GB) Details

Greatbatch, Inc. is engaged in implantable medical and electrochem solutions businesses. It operates in two segments: Greatbatch Medical and QiG Group. The company designs and manufactures medical devices and components for the cardiac, neuromodulation, orthopaedics, portable medical, vascular and energy markets, and others. The company offers cardiac and neuromodulation products, including batteries, capacitors, filtered and unfiltered feedthroughs, engineered components, implantable stimulation leads, and enclosures used in implantable medical devices; orthopaedics products, such as hip and shoulder joint reconstruction implants, bone plates and spinal devices, and instruments and delivery systems used in hip and knee replacement, trauma fixation, extremity, and spine surgeries. It also provides vascular products comprising introducers, steerable sheaths, and catheters that deliver minimally invasive therapies for coronary and neurovascular disease, peripheral vascular disease, interventional radiology, vascular access, atrial fibrillation, and interventional cardiology, as well as products for medical imaging and drug and pharmaceutical delivery. In addition, Greatbatch offers customized battery power and management systems, charging and docking stations, and power supplies; non-rechargeable and rechargeable batteries, which are used in the portable medical, energy, military, and environmental markets; and rechargeable battery packs, such as electronics, charging, and battery management systems that are used in critical and life-saving applications, including automated external defibrillators, ventilators, powered surgical instruments, portable oxygen concentrators, and others. The company serves large multi-national original equipment manufacturers. Greatbatch, Inc. sells its products in the United States, Puerto Rico, Belgium, the United Kingdom, Ireland, and internationally. The company was founded in 1970 and is headquartered in Frisco, Texas.

3,385 Employees
Last Reported Date: 03/4/14
Founded in 1970

greatbatch inc (GB) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $616.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $366.1K
Executive Vice President of Global Operations
Total Annual Compensation: $328.3K
Principal Accounting Officer, Vice President ...
Total Annual Compensation: $301.6K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $242.9K
Compensation as of Fiscal Year 2013.

greatbatch inc (GB) Key Developments

Greatbatch, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2014; Reaffirms Earnings Guidance for the Year 2014

Greatbatch, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2014. For the quarter, the company reported sales of $172,081,000 compared to $171,331,000 a year ago. Operating income was $19,539,000 compared to $17,135,000 a year ago. This increase was primarily due to increased gross profit and lower SG&A and RD&E expenses. Income before provision for income taxes was $18,132,000 compared to $15,011,000 a year ago. Net income was $12,348,000 or $0.48 per diluted share compared to $9,752,000 or $0.39 per diluted share a year ago. Adjusted operating income was $23,800,000 compared to $22,192,000 a year ago. Adjusted net income was $15,532,000 or $0.60 per diluted share compared to $13,935,000 or $0.56 per diluted share a year ago. Adjusted EBITDA was $33,109,000 compared to $31,281,000 a year ago. Cash flows provided by operating activities for the second quarter of 2014 were $19.5 million compared to a usage of $1.0 million for the 2013 second quarter. This quarter over quarter increase was primarily due to a higher level of operating income in 2014, improved working capital management, as well as an $11.5 million estimated tax payment made in the second quarter of 2013 in connection with the retirement of convertible subordinated notes in 2013. Capital expenditures were $6.0 million compared to $4.8 million a year ago. For the six months, the company reported sales of $346,362,000 compared to $319,596,000 a year ago. Operating income was $42,063,000 compared to $31,474,000 a year ago. Income before provision for income taxes was $40,193,000 compared to $22,077,000 a year ago. Net income was $27,270,000 or $1.06 per diluted share compared to $15,415,000 or $0.62 per diluted share a year ago. Adjusted operating income was $46,110,000 compared to $41,503,000 a year ago. Adjusted net income was $29,357,000 or $1.14 per diluted share compared to $24,654,000 or $0.99 per diluted share a year ago. Adjusted EBITDA was $64,671,000 compared to $59,356,000 a year ago. Capital expenditures were $12.0 million compared to $11.6 million a year ago. The company is reaffirming, 2014 guidance of 3% to 6% organic constant currency revenue growth and 7% to 12% adjusted diluted EPS improvement. The company expects sales in the range of $685 million to $705 million, capital expenditures in the range of $25 million to $35 million, GAAP/adjusted effective tax rate in the range of 32% to 34%, GAAP diluted EPS in the range of $1.94 to $1.99, adjusted diluted EPS in the range of $2.25 to $2.35. If reinstated, 2014 GAAP effective tax rate could be lowered to 30% to 32%.

Greatbatch, Inc. to Report Q2, 2014 Results on Jul 31, 2014

Greatbatch, Inc. announced that they will report Q2, 2014 results After-Market on Jul 31, 2014

Greatbatch, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Greatbatch, Inc., Q2 2014 Earnings Call, Jul 31, 2014

 

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