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Teleflex
🇺🇸 NYSE:TFX
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•
Dec 31, 2019

Teleflex Q4 2019 Earnings Report

Teleflex reported a strong Q4 2019, with revenue and adjusted EPS increasing, and announced the acquisition of IWG High Performance Conductors, Inc.

Key Takeaways

Teleflex reported Q4 2019 net revenues of $681.0 million, a 6.1% increase compared to the prior year period. GAAP EPS from continuing operations increased 21.9% to $2.28, and adjusted diluted EPS from continuing operations increased 18.4% to $3.28. The company also announced the acquisition of IWG High Performance Conductors, Inc.

Net revenues increased by 6.1% to $681.0 million compared to the prior year period.

GAAP earnings per share from continuing operations increased 21.9% to $2.28 compared to $1.87 in the prior year period.

Adjusted diluted earnings per share from continuing operations increased 18.4% to $3.28 compared to $2.77 in the prior year period.

Teleflex announced the acquisition of IWG High Performance Conductors, Inc.

Total Revenue
$681M
Previous year: $642M
+6.1%
EPS
$3.28
Previous year: $2.77
+18.4%
Interest Expense
$17.3M
Gross Profit
$398M
Previous year: $366M
+8.9%
Cash and Equivalents
$301M
Previous year: $357M
-15.7%
Total Assets
$6.31B
Previous year: $6.28B
+0.5%

Teleflex

Teleflex

Teleflex Revenue by Segment

Teleflex Revenue by Geographic Location

Forward Guidance

Teleflex anticipates full year 2020 GAAP revenue to increase between 6.5% and 7.5% over 2019. The company expects adjusted diluted earnings per share from continuing operations to be between $12.50 and $12.70 for full year 2020, representing an increase of 12.1% to 13.9% over 2019.

Positive Outlook

  • Full year 2020 revenues are expected to increase 6.5% to 7.5% over 2019 on a GAAP basis.
  • Full year 2020 revenues are expected to increase 7.2% to 8.2% over 2019 on a constant currency basis.
  • Full year 2020 GAAP diluted earnings per share from continuing operations to be between $7.70 and $7.85.
  • Adjusted diluted earnings per share from continuing operations to be between $12.50 and $12.70 for full year 2020.
  • Adjusted diluted EPS represents an increase of 12.1% to 13.9% over 2019.

Challenges Ahead

  • Estimate of an approximately 0.7% unfavorable impact of foreign currency exchange rate fluctuations on 2020 revenue.
  • Estimate of an approximately 0.9% negative impact from foreign currency exchange rate fluctuations on 2020 adjusted diluted EPS.
  • Changes in business relationships with and purchases by or from major customers or suppliers.
  • Delays or cancellations in shipments.
  • Global economic factors, including currency exchange rates, interest rates, trade disputes, sovereign debt issues and the impact of the United Kingdom's departure from the European Union, commonly known as "Brexit".

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Teleflex