Integer (NYSE:ITGR) this week changed its fiscal year to correspond with the calendar year, prompting it to guide toward the low end of its sales outlook for 2019.
The change to calendar-year accounting from a 52/53-week fiscal year means two less business days this year, which is estimated to deliver a $4 million to $6 million top-line hit, the Plano, Texas-based contract manufacturing giant said in a regulatory filing.
That puts Integer at the low end of its prior sales guidance of $1.27 billion to $1.28 billion. The outlook for adjusted earnings per share is unchanged at $4.25 to $4.45, the company said.
ITGR shares were up 0.6% at $74.81 today in mid-morning trading.
