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Apr 02, 2023
Teleflex Q1 2023 Earnings Report
Teleflex reported a strong start to 2023 with revenue growth in all global product categories and expanded overall margins year-over-year.
Key Takeaways
Teleflex announced financial results for the first quarter ended April 2, 2023. Revenues were $710.9 million, up 10.8% compared to the prior year period, or up 13.2% on a constant currency basis. GAAP diluted EPS from continuing operations was $1.63, and adjusted diluted EPS from continuing operations was $3.09.
Revenues of $710.9 million, up 10.8% compared to the prior year period; up 13.2% on a constant currency basis
GAAP diluted EPS from continuing operations of $1.63, compared to $1.63 in the prior year period
Adjusted diluted EPS from continuing operations of $3.09, compared to $2.88 in the prior year period
Increased GAAP revenue growth guidance to 4.65% to 5.90%
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company raised its full year 2023 GAAP revenue growth outlook to 4.65% to 5.90%. On a constant currency basis, the Company raised its full year 2023 revenue growth outlook to 5.00% to 6.25% year-over-year. The Company lowered its full year 2023 GAAP diluted earnings per share from continuing operations guidance to $8.14 to $8.74. The Company maintained its 2023 adjusted diluted earnings per share from continuing operations guidance of $13.00 to $13.60.
Positive Outlook
- Increasing GAAP revenue growth guidance to 4.65% to 5.90%
- Increasing constant currency revenue growth guidance to 5.00% to 6.25%
- Reiterating adjusted diluted EPS from continuing operations guidance of $13.00 to $13.60
Challenges Ahead
- Lowering GAAP EPS from continuing operations guidance to $8.14 to $8.74
- Estimate of an approximately 0.35% negative impact of foreign exchange rate fluctuations
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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