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This article will reflect on the compensation paid to Joe Dziedzic who has served as CEO of Integer Holdings Corporation (NYSE:ITGR) since 2017. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Integer Holdings.
How Does Total Compensation For Joe Dziedzic Compare With Other Companies In The Industry?
Our data indicates that Integer Holdings Corporation has a market capitalization of US$2.6b, and total annual CEO compensation was reported as US$5.7m for the year to December 2019. That's a fairly small increase of 6.7% over the previous year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$913k.
In comparison with other companies in the industry with market capitalizations ranging from US$2.0b to US$6.4b, the reported median CEO total compensation was US$5.6m. From this we gather that Joe Dziedzic is paid around the median for CEOs in the industry. Furthermore, Joe Dziedzic directly owns US$6.3m worth of shares in the company, implying that they are deeply invested in the company's success.
On an industry level, roughly 21% of total compensation represents salary and 79% is other remuneration. In Integer Holdings' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
Integer Holdings Corporation's Growth
Over the past three years, Integer Holdings Corporation has seen its earnings per share (EPS) grow by 20% per year. It saw its revenue drop 8.6% over the last year.
Shareholders would be glad to know that the company has improved itself over the last few years. It's always a tough situation when revenues are not growing, but ultimately profits are more important. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.
Has Integer Holdings Corporation Been A Good Investment?
Boasting a total shareholder return of 72% over three years, Integer Holdings Corporation has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.
As we noted earlier, Integer Holdings pays its CEO in line with similar-sized companies belonging to the same industry. Few would be critical of the leadership, since returns have been juicy and EPS are moving in the right direction. So one could argue that CEO compensation is quite modest, if you consider company performance! Also, such solid returns might lead to shareholders warming to the idea of a bump in pay.
It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. In our study, we found 3 warning signs for Integer Holdings you should be aware of, and 1 of them is significant.
Important note: Integer Holdings is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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