Teleflex Q2 2022 Earnings Report
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.
Teleflex
Teleflex
Teleflex Revenue by Segment
Teleflex 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income