Integra's 1Q Results Meet Expectations, but Growth Needs to Accelerate to Achieve Full-Year Outlook
Integra Lifesciences posted first-quarter results that bracketed our expectations overall, and we don't expect our modest model adjustments to affect our $59 per share fair value estimate. While reported revenue growth of 70 basis points isn't going to make the headlines, foreign exchange headwinds of roughly 150 basis points and the impact from discontinued or divested product lines accounted for the reported shortfall versus underlying organic growth of 3.1% for the narrow-moat enterprise.Wh...
Integra LifeSciences Holdings is a medical devices company engaged in the development, manufacturing, and marketing of surgical implants and medical instruments. The company manufactures and sells its products in the following two reportable business segments: Codman Specialty Surgical, which includes technologies in dural repair, ultrasonic tissue ablation, intracranial cranial pressure monitoring, hydrocephalus management, and cranial stabilization systems; and Orthopedics and Tissue Technologies, which focus on addressing soft tissue, nerve, and tendon repairs as well as reconstruction in the hand, wrist, elbow, shoulder, ankle and foot.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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