Teleflex Inc

Latest Results (07.08.2024):

Revenue Growth

Teleflex Inc. reported revenues of $773.9 million for the fourth quarter of 2023, reflecting a 2.1% increase compared to the same period in the prior year. On a constant currency basis, the revenue growth was 0.7%. This growth was achieved despite having five fewer shipping days year-over-year.

EPS Performance

For the fourth quarter of 2023, Teleflex Inc. reported GAAP diluted earnings per share (EPS) from continuing operations of $0.66, a significant decrease from $1.65 in the prior year period. Adjusted diluted EPS from continuing operations was $3.38, compared to $3.52 in the same period last year.

Full Year Financials

Teleflex Inc. achieved full-year 2023 revenues of $2,974.5 million, marking a 6.6% increase year-over-year. On a constant currency basis, the revenue growth was 6.5%. The company reported GAAP diluted EPS from continuing operations of $7.56, slightly down from $7.67 in the previous year, while adjusted diluted EPS from continuing operations rose to $13.52 from $13.06.

2024 Guidance

For the full year 2024, Teleflex Inc. has provided a GAAP revenue growth guidance range of 3.60% to 4.60%. On a constant currency basis, the revenue growth guidance range is 3.75% to 4.75%. The company expects GAAP EPS from continuing operations to be between $5.69 and $6.09, and adjusted diluted EPS from continuing operations to range from $13.55 to $13.95.

Segment Performance

In the fourth quarter of 2023, Teleflex Inc.'s Americas segment reported revenues of $450.6 million, a 1.6% decrease year-over-year. The EMEA segment saw a 3.1% increase to $152.4 million, while the Asia segment experienced a significant 12.5% growth to $88.3 million. The OEM segment also performed well, with revenues increasing by 12.1% to $82.6 million.