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Dec 31, 2021
Teleflex Q4 2021 Earnings Report
Teleflex reported solid fourth quarter and full year results driven by strong execution and a diversified product portfolio.
Key Takeaways
Teleflex Incorporated announced its Q4 2021 financial results, with reported revenues of $761.9 million, a 7.1% year-over-year increase, and adjusted diluted EPS of $3.60, up 10.8% year-over-year. The company provided 2022 guidance, including GAAP revenue growth expected to be 2.3% to 3.8% and adjusted diluted EPS from continuing operations of $13.70 to $14.30.
Reported revenues increased by 7.1% year-over-year to $761.9 million.
Constant currency revenue growth was 7.9%.
GAAP diluted EPS from continuing operations was $2.69, compared to $1.62 in the prior year period.
Adjusted diluted EPS from continuing operations increased by 10.8% year-over-year to $3.60.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Teleflex provided its outlook for full year 2022, expecting GAAP revenue growth of 2.3% to 3.8% and adjusted diluted earnings per share of $13.70 to $14.30.
Positive Outlook
- GAAP revenue growth expected to be 2.3% to 3.8%.
- Constant currency revenue growth of 4.0% to 5.5% inclusive of a 1.6% headwind from the initial phase of the respiratory divestiture completed on June 28, 2021.
- GAAP diluted EPS from continuing operations of $8.90 to $9.50.
- Adjusted diluted EPS from continuing operations guidance range of $13.70 to $14.30 inclusive of an estimated $0.17 headwind from the respiratory divestiture.
- The company believes Teleflex remains well-positioned to drive durable growth and manage the challenges of the current environment.
Challenges Ahead
- GAAP revenue growth reflects an estimate of an approximately 1.7% negative impact of foreign exchange rate fluctuations.
- Constant currency revenue growth includes an approximately 1.6% year-over-year headwind from the initial phase of the respiratory divestiture completed on June 28, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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