Welcome to our dedicated page for Teleflex Incorporated news (Ticker: TFX), a resource for investors and traders seeking the latest updates and insights on Teleflex Incorporated stock.
Teleflex Incorporated (NYSE: TFX) is a leading global provider of specialty medical devices for critical care and surgical procedures. Headquartered in Wayne, Pennsylvania, Teleflex employs approximately 12,000 people worldwide and serves healthcare providers in more than 150 countries.
The company’s diverse product portfolio spans across several key segments: vascular access, interventional, anesthesia, surgical, interventional urology, original-equipment manufacturing, and others. These segments collectively cover a wide range of medical needs, from complex surgical interventions to everyday critical care requirements.
Teleflex’s vascular access segment, contributing 24% to 2023 sales, includes innovative solutions for secure and reliable bloodstream access. The interventional segment, accounting for 17%, focuses on cutting-edge devices for minimally invasive procedures. Anesthesia and surgical segments, with 13% and 14% of sales respectively, offer advanced tools and technologies to improve patient outcomes during surgeries.
The company’s interventional urology segment, noted for its UroLift™ System, addresses benign prostatic hyperplasia (BPH) with minimally invasive solutions that preserve patient quality of life. Original-equipment manufacturing and other segments contribute 11% and 10% of sales respectively, underscoring Teleflex’s broad manufacturing capabilities and diverse product offerings.
Teleflex's geographic exposure is primarily in the United States, which generates 60% of its revenue, with international markets contributing the remainder. The company’s global reach and diverse product lines highlight its significant impact on the healthcare industry worldwide.
In recent years, Teleflex has achieved notable success with a 6.5% constant currency revenue growth in 2023, driven by the expansion of its geographic presence and the launch of innovative new products. The company has strategically acquired Palette Life Sciences AB, enhancing its portfolio and operational efficiencies.
Teleflex remains committed to its mission of providing solutions that improve outcomes and enhance safety for patients and healthcare providers. By leveraging purpose-driven innovation, Teleflex continues to address unmet clinical needs and advance healthcare technologies.
For more information about Teleflex and its comprehensive product offerings, please visit teleflex.com.
Teleflex (NYSE: TFX) provided a business update during its 2022 Analyst & Investor Day in New York City on May 20, 2022. The company outlined its growth strategy for 2023-2025, targeting a compounded annual constant currency revenue growth rate of 6-7%. Teleflex expects adjusted earnings per share to increase to between $13.70 and $14.30 for 2022. The company anticipates generating free cash flow of at least $1.7 billion from 2023 to 2025, with a focus on margin improvement and strategic acquisitions. The full year revenue growth for 2022 is projected to be between 2.3% and 3.8%.
Teleflex Incorporated has announced the National Medical Products Administration (NMPA) approval for its UroLift® System in China, aimed at treating benign prostatic hyperplasia (BPH). This minimally invasive treatment offers symptom relief with same-day outpatient procedures. CEO Liam Kelly highlighted this as a critical step in the company's international expansion, providing treatment options for over 25 million men in China diagnosed with BPH. The company anticipates commercialization by Q4 2022.
Teleflex (NYSE: TFX) has received Health Canada approval for the MANTA® Vascular Closure Device, marking a significant regulatory milestone. This device is designed for large bore femoral arterial access site closure and enhances the availability of innovative solutions for Canadian clinicians. Since its launch in 2016, over 100,000 patients have been treated with the MANTA® Device worldwide. The SAFE MANTA IDE Clinical Trial demonstrated the device's effectiveness in achieving rapid hemostasis without the need for pre-closure, enabling quicker and safer procedures.
Teleflex Incorporated (NYSE: TFX) announced the U.S. launch of its UroLift® 2 System and UroLift ATC® System for treating benign prostatic hyperplasia (BPH). These advancements were showcased at the 2022 American Urological Association (AUA) annual meeting in New Orleans from May 13-16. The UroLift 2 offers an ergonomic design and improved workflow, while the UroLift ATC enhances treatment options for patients with obstructive middle lobes. Teleflex will host a special presentation on these innovations at booth #323 during the event.
Teleflex will host an Analyst & Investor Day on May 20, 2022, in New York City. The event features presentations from CEO Liam Kelly and the leadership team, starting at 10:00 a.m. ET. Key agenda items include discussions on durable growth, growth drivers, and financial objectives for 2023-2025. Following the presentations, there will be live breakout sessions. The webcast will be available on the company’s website after the event.
Teleflex (NYSE: TFX) announced a quarterly cash dividend of $0.34 per share, payable on June 15, 2022, to shareholders of record by the close of business on May 16, 2022. As a global provider of medical technologies, Teleflex focuses on innovations to improve healthcare outcomes across various fields, including vascular access and anesthesia. This dividend reflects the company's commitment to returning value to shareholders while continuing its mission to meet clinical needs effectively.
Teleflex (NYSE: TFX) reported Q1 2022 revenues of $641.7 million, showing a 1.2% year-over-year increase. GAAP diluted EPS rose to $1.63 from $1.58 in the prior year. The company reiterated its 2022 GAAP revenue growth guidance of 2.3% to 3.8% and adjusted diluted EPS guidance of $13.70 to $14.30. Segment performance varied, with the Americas growing 0.7%, EMEA declining 3.1%, and Asia increasing by 8.6%. Teleflex acknowledged ongoing inflation and supply chain challenges but remains optimistic about its growth potential.
Teleflex Incorporated (NYSE: TFX) will feature its Chairman and CEO, Liam Kelly, at the Bank of America Securities 2022 Healthcare Conference. The event takes place on May 10, 2022, at 11:20 a.m. (PT) in Las Vegas. A live audio webcast of the presentation will be accessible on the investor section of the Teleflex website.
Teleflex Incorporated (NYSE:TFX) announced a conference call scheduled for 8:00 a.m. Eastern Time on April 28, 2022, to discuss its first quarter 2022 results and provide an operational update. Interested participants can register through a specified link, and a replay of the call will be available starting at 11:00 a.m. on the same day. Teleflex focuses on innovative medical technologies across various fields, including vascular access and anesthesia, aimed at improving health outcomes.
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