Investors interested in Medical - Instruments stocks are likely familiar with Teleflex (TFX) and Penumbra (PEN) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with ...

WAYNE, Pa., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Liam Kelly, Chairman, President and CEO, Teleflex Incorporated (NYSE: TFX), is scheduled to speak at the Morgan Stanley 22nd Annual Global Healthcare Conference at the Marriott Marquis New York, on Friday, September 6, 2024, at 7:45 a.m. (ET). A live audio webcast of the conference presentation will be available on the investor section of the Teleflex website at teleflex.com. About Teleflex Incorporated As a global provider of medical technologies, Teleflex is d ...

Investors interested in Medical - Instruments stocks are likely familiar with Teleflex (TFX) and Edwards Lifesciences (EW) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style ...

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Teleflex Incorporated (TFX) posted adjusted earnings per share (EPS) from continuing operations of $3.42 in the second quarter of 2024, up 0.3% from the year-ago quarter's figure. The metric topped the Zacks Consensus Estimate by 2.7%. GAAP EPS came in at $1.69 in the second quarter compared with $2.35 during the same period last year. Revenues in Detail Net revenues in the second quarter rose 0.9% year over year (up 3.4% at constant exchange rate or CER) to $749.7 million. However, the metric missed the Za ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-5353 TELEFLEX INCORPORATED (Exact name of registrant as specified in its charter) Delaware 23-1147939 (State or other jurisdictio ...

Financial Data and Key Metrics Changes - For Q2 2024, Teleflex reported revenues of $749.7 million, a 0.9% increase year-over-year on a GAAP basis. Adjusted revenues, excluding the Italian payback measure, were $763.5 million, up 2.7% year-over-year [7][8] - Adjusted earnings per share for the second quarter was $3.42, reflecting a 0.3% increase year-over-year [20][28] - Adjusted gross margin was 60.8%, a 180 basis point increase compared to the prior year [19][28] Business Line Data and Key Metrics Changes - Vascular access revenues increased 4.8% year-over-year to $181.1 million [10] - Interventional revenues rose 13.8% year-over-year to $141.2 million, driven by strong performance in various product lines [11] - Anesthesia revenues increased 2.3% year-over-year to $102.5 million [12] - Surgical business revenues grew 6.4% year-over-year to $111.3 million, with notable growth in instrumentation and chest drainage [12] - Interventional urology revenues increased 7.1% year-over-year to $83.1 million, driven by Barrigel revenue following the acquisition of Palette Life Sciences [12] Market Data and Key Metrics Changes - Americas revenues were $426.8 million, a 0.6% increase year-over-year [8] - EMEA revenues increased 9.8% year-over-year to $160.9 million, attributed to improved product availability and utilization [9] - Asia revenues were $87 million, a 4% increase year-over-year, impacted by a doctors' strike in South Korea [9] Company Strategy and Development Direction - The company is focusing on expanding its manufacturing capacity for intra-aortic balloon pumps and catheters to meet increased demand [15] - Teleflex is committed to a disciplined capital allocation strategy, including a $500 million share repurchase program while continuing to pursue M&A opportunities [22][23] - The acquisition of Palette Life Sciences is performing above expectations, with revenue guidance for Palette increased to $70 million to $72 million for 2024 [17][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential from intra-aortic balloon pumps, anticipating incremental revenue in Q4 2024 and into 2025 [25][30] - The company expects to see continued growth in Asia and is optimistic about maintaining market share in the intra-aortic balloon pump market [15][34] - Management highlighted the importance of innovation and product launches in driving future growth [30][54] Other Important Information - The company recognized a $15.8 million increase in reserves related to the Italian payback measure, impacting revenue within the EMEA segment [6][7] - Cash flow from operations for the first half of 2024 was $204.5 million, an increase from $170.6 million in the prior year [20] Q&A Session Summary Question: Update on Intra-Aortic Balloon Pumps - Management noted strong quote activity following FDA communications and expects significant market share gains in the coming quarters [33][34] Question: Margin Profile of Intra-Aortic Balloon Pumps - The margin profile for the initial pump sales is slightly dilutive, while subsequent catheter sales are expected to be accretive [37][66] Question: M&A Strategy and Share Buyback - Management clarified that the share repurchase program does not signal a shift away from M&A; both strategies will continue concurrently [36][61] Question: Interventional Urology Business Update - The interventional urology segment is expected to improve in the second half of the year, driven by the performance of Barrigel and the completion of sales rep training [49][56]

Teleflex Incorporated Second Quarter 2024 Earnings Conference Call 8/1/2024 Telefle Empowerin Conference Call Logistics | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | The release, accompanying slides, and replay webcast are available online at www.teleflex.com (click on Investors) | | | | | | | An audio repla ...

Teleflex (TFX) reported $749.69 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 0.9%. EPS of $3.42 for the same period compares to $3.41 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $763.39 million, representing a surprise of -1.79%. The company delivered an EPS surprise of +2.70%, with the consensus EPS estimate being $3.33. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Teleflex (TFX) came out with quarterly earnings of $3.42 per share, beating the Zacks Consensus Estimate of $3.33 per share. This compares to earnings of $3.41 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.70%. A quarter ago, it was expected that this medical equipment maker would post earnings of $3.07 per share when it actually produced earnings of $3.21, delivering a surprise of 4.56%. Over the last four quarters, the c ...