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Mar 29, 2020

Teleflex Q1 2020 Earnings Report

Teleflex's first quarter earnings increased compared to the prior year, but the company withdrew its 2020 financial guidance due to the COVID-19 pandemic.

Key Takeaways

Teleflex reported a 2.8% increase in net revenues to $630.6 million for the first quarter of 2020, with GAAP EPS increasing by 212.4% to $2.78 and adjusted diluted EPS increasing by 21.4% to $2.72. However, due to the uncertainty caused by the COVID-19 pandemic, the company withdrew its previously provided 2020 financial guidance.

Net revenues increased by 2.8% to $630.6 million compared to the prior year period.

GAAP earnings per share from continuing operations increased 212.4% to $2.78.

Adjusted diluted earnings per share from continuing operations increased 21.4% to $2.72.

The company withdrew its previously provided 2020 financial guidance due to the COVID-19 pandemic.

Total Revenue
$631M
Previous year: $614M
+2.8%
EPS
$2.72
Previous year: $2.24
+21.4%
Gross Profit
$334M
Previous year: $345M
-3.2%
Cash and Equivalents
$406M
Previous year: $271M
+49.9%
Total Assets
$6.7B
Previous year: $6.27B
+6.9%

Teleflex

Teleflex

Teleflex Revenue by Segment

Teleflex Revenue by Geographic Location

Forward Guidance

Teleflex withdrew its previously issued 2020 financial guidance due to the uncertainty regarding the scope and duration of the COVID-19 global pandemic.

Revenue & Expenses

Visualization of income flow from segment revenue to net income