Greatbatch Technology Reports Q3 2015 Results
FRISCO, Texas, Oct. 29, 2015 (GLOBE NEWSWIRE) — Greatbatch, Inc. (NYSE:GB), today announced results for its third quarter ended October 2, 2015.
“We are disappointed by our current quarter results, however we remain very optimistic about the future growth prospects of Greatbatch,” said Greatbatch president and CEO, Thomas J. Hook. “We had several discrete factors impacting our third quarter results, which do not change the long-term growth prospects of our company. We continue to drive the implementation of our strategy to create shareholder value, which includes our transformative acquisition of Lake Region Medical, as well as the spin-off of Nuvectra. The acquisition of Lake Region Medical will provide a substantially more comprehensive portfolio of technologies and services for our customers while the spin-off will provide both Greatbatch and Nuvectra with the focus and flexibility needed to execute their distinct strategies,” continued Hook.