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Jun 26, 2022
Teleflex Q2 2022 Earnings Report
Teleflex's financial performance reflected resilience amidst operating environment challenges.
Key Takeaways
Teleflex reported Q2 2022 financial results with revenues of $704.5 million, a decrease of 1.3% year-over-year, but an increase of 2.3% on a constant currency basis. GAAP diluted EPS from continuing operations was $2.23, compared to $1.76 in the prior year period, while adjusted diluted EPS from continuing operations was $3.39, compared to $3.35 in the prior year period. The company reduced its full year 2022 revenue growth and earnings per share guidance.
Revenues decreased by 1.3% year-over-year to $704.5 million; increased 2.3% on a constant currency basis.
GAAP diluted EPS from continuing operations increased to $2.23, compared to $1.76 in the prior year period.
Adjusted diluted EPS from continuing operations increased to $3.39, compared to $3.35 in the prior year period.
Full year 2022 revenue growth guidance reduced to (0.45)% to 0.55% GAAP and 3.25% to 4.25% constant currency.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Teleflex has revised its full year 2022 outlook. The company now expects GAAP revenue growth to be between -0.45% and 0.55%, and constant currency revenue growth to be between 3.25% and 4.25%. GAAP diluted earnings per share from continuing operations are projected to be $8.04 to $8.44, while adjusted diluted earnings per share from continuing operations are expected to be $13.00 to $13.40.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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