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Jun 28, 2020
Teleflex Q2 2020 Earnings Report
Teleflex's second quarter performance significantly exceeded internal expectations, driven by improvements in revenue trends and prudent expense management.
Key Takeaways
Teleflex reported a 13.1% decrease in second quarter revenue to $567.0 million compared to the prior year, with a GAAP EPS of $0.24 and adjusted EPS of $1.93. The company's performance exceeded internal expectations due to improvements in underlying monthly revenue trends and prudent operating expense management. Teleflex is not reinstating 2020 financial guidance due to continued uncertainties from the COVID-19 pandemic.
Second quarter revenues were $567.0 million, a 13.1% decrease versus the prior year period.
GAAP diluted EPS from continuing operations was $0.24, compared to $1.77 in the prior year period.
Adjusted diluted EPS from continuing operations was $1.93, a 27.4% decrease versus the prior year period.
Teleflex announced a new workforce reduction plan to further improve company cost structure.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Teleflex is not reinstating 2020 financial guidance due to the rapidly evolving environment and continued uncertainties from the impact of the COVID-19 global pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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