Teleflex Q3 2022 Earnings Report
Key Takeaways
Teleflex reported third quarter revenues of $686.8 million, a decrease of 1.9% year-over-year, but an increase of 2.4% on a constant currency basis. GAAP diluted EPS from continuing operations was $2.16, while adjusted diluted EPS from continuing operations was $3.27.
Revenues of $686.8 million, down 1.9% year-over-year; up 2.4% on a constant currency basis
GAAP diluted EPS from continuing operations of $2.16, compared to $4.20 in the prior year period
Adjusted diluted EPS from continuing operations of $3.27, compared to $3.51 in the prior year period
Lowering adjusted diluted EPS from continuing operations guidance to $12.80 to $13.20 from $13.00 to $13.40 prior
Teleflex
Teleflex
Teleflex Revenue by Segment
Teleflex Revenue by Geographic Location
Forward Guidance
Teleflex lowered its full year 2022 GAAP revenue growth outlook to (0.75)% to 0.25%. On a constant currency basis, the Company maintained its full year 2022 revenue growth guidance of 3.25% to 4.25%. The Company revised its full year 2022 GAAP diluted earnings per share from continuing operations outlook to $7.74 to $8.14 from $8.04 to $8.44. The Company lowered its 2022 adjusted diluted earnings per share from continuing operations guidance to $12.80 to $13.20 from $13.00 to $13.40.
Positive Outlook
- Maintaining constant currency revenue growth guidance of 3.25% to 4.25%
Challenges Ahead
- Lowering GAAP revenue growth guidance to (0.75)% to 0.25%
- Lowering GAAP EPS from continuing operations guidance to $7.74 to $8.14 from $8.04 to $8.44 prior
- Lowering adjusted diluted EPS from continuing operations guidance to $12.80 to $13.20 from $13.00 to $13.40 prior
Revenue & Expenses
Visualization of income flow from segment revenue to net income