Integra LifeSciences Holdings Corp. (NASDAQ: IART) has cut its full-year 2026 earnings and revenue guidance after July flooding caused significant damage to its Cincinnati manufacturing facility.
The company released preliminary unaudited third-quarter results, citing revised assumptions tied to the flooding event and updated projections for the broader business through year-end.
Integra now expects full-year 2026 revenue in a range of $1.634 billion to $1.654 billion, down from its prior guidance range of $1.654 billion to $1.695 billion.
Adjusted earnings per diluted share guidance was also trimmed, falling to a range of $2.30 to $2.40, compared with the previous forecast of $2.40 to $2.50.
For the third quarter specifically, the company expects adjusted earnings between $0.55 and $0.59 per share, on revenues of approximately $410 million to $412 million.
The Cincinnati facility manufactures and supports several products within Integra’s Specialty Surgical Technologies portfolio, making the site operationally critical to the company’s business.
Flooding in July 2026 caused damage to portions of the facility, including equipment, inventory, and other assets, resulting in material operational disruption across the site.
The company estimates the flooding-related supply disruption negatively impacted third-quarter revenue by approximately $7 million, with an expected hit of $15 million to $20 million in the fourth quarter.
Integra does not expect a return to full manufacturing operations at the Cincinnati facility until the second quarter of 2027, extending the financial impact well into next year.
Since the flooding occurred, Integra has been executing business continuity and recovery plans, utilizing available inventory and activating alternate sources of supply for certain products.
The company also advanced restoration activities at the Cincinnati site, with efforts described as intended to support customers and limit disruption during the ongoing recovery period.
Integra maintains property and business interruption insurance covering the Cincinnati facility, which the company expects will offset a meaningful share of the financial damage.
Based on its current assessment, the company expects insurance recoveries to mitigate a substantial portion of the earnings impact associated with the disruption throughout the recovery period and until the facility returns to full manufacturing capacity.
Integra said it continues to work with its insurance carrier to assess and document recoverable losses, including both property damage and business interruption claims.
Shares of IART fell sharply on the news, trading at $14.25 in Friday pre-market activity on the Nasdaq, down $1.84 or 11.44 percent from the prior close.
