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 Incorporated (NYSE: TFX) has launched the UroLift System in Japan, addressing benign prostatic hyperplasia (BPH). This minimally invasive treatment offers quick symptom relief and allows patients to resume normal activities while preserving sexual function. With prior reimbursement approval from the Central Social Insurance Medical Council of Japan, the system is now commercially available. Teleflex aims to make the UroLift System the standard of care for BPH globally, marking a significant step in its overseas expansion strategy.
Teleflex's CFO, Thomas Powell, will present at the KeyBanc Life Sciences & MedTech Investor Forum on March 23, 2022, at 9:45 a.m. (ET). Investors can access a live audio webcast of the presentation on the Teleflex website. The company is a global provider of medical technologies, focusing on enhancing health and quality of life through innovative solutions in various medical fields. Teleflex is recognized for its trusted brands, including Arrow®, QuikClot®, and LMA®.
Teleflex Incorporated (NYSE: TFX) will feature its Chairman, President, and CEO, Liam Kelly, at the 43rd Annual Raymond James Institutional Investors Conference. The event will be held on March 8, 2022, at 9:15 a.m. ET in Orlando, FL. A live audio webcast and accompanying slide presentation will be accessible on Teleflex's investor website. As a leading provider of medical technologies, Teleflex aims to improve health and quality of life through innovative solutions across various fields such as vascular access, anesthesia, and emergency medicine.
Teleflex (NYSE: TFX) has declared a quarterly cash dividend of $0.34 per share, payable on March 15, 2022, to shareholders recorded by March 7, 2022. This dividend reflects the company's commitment to providing value to its investors while operating in the medical technology sector. Teleflex focuses on diverse medical solutions aimed at improving health outcomes globally, with a strong emphasis on innovation and addressing unmet clinical needs.
Teleflex reported fourth quarter revenues of $761.9 million, reflecting a 7.1% year-over-year increase. The GAAP diluted EPS was $2.69, up from $1.62, while adjusted diluted EPS rose to $3.60, marking a 10.8% increase. For 2022, the company expects GAAP revenue growth of 2.3% to 3.8% and adjusted EPS between $13.70 and $14.30. The respiratory divestiture is projected to affect growth, contributing a 1.6% headwind. Teleflex emphasized its strategy for sustainable growth and enhancement of margins amid operational challenges.
Teleflex has received FDA clearance for expanded use of its specialty catheters and coronary guidewires in chronic total occlusion percutaneous coronary interventions (CTO PCI). CTOs, affecting nearly 20% of patients, are significant blockages that lead to ischemia. The CTO-PCI study demonstrated a 93.3% technical success rate and over 75% procedural success, emphasizing the effectiveness of Teleflex's devices in complex cases. This advancement reflects Teleflex's commitment to innovative medical technologies that enhance patient outcomes.
Teleflex (NYSE: TFX) will host a conference call on February 24, 2022, at 8:00 a.m. Eastern Time to discuss its fourth quarter and full year 2021 financial results. Investors can register for the call via the provided link or access it through an audio webcast on Teleflex's website. A replay will be available later that day. Teleflex specializes in medical technologies aimed at enhancing health and quality of life through innovative solutions across various medical fields, including vascular access and emergency medicine.
Teleflex is set to have its Chairman, President, and CEO, Liam Kelly, speak at the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, at 4:30 p.m. ET. The event will be accessible via a live audio webcast on the Teleflex investor relations website, along with presentation slides. Known for its innovative medical technologies aimed at improving health outcomes, Teleflex operates in diverse fields including vascular access, interventional cardiology, and emergency medicine. Further details can be found on their website.
Teleflex Incorporated has received reimbursement approval for its UroLift System to treat benign prostatic hyperplasia (BPH) in Japan, effective April 1, 2022. This minimally invasive procedure offers symptom relief and improved quality of life for men suffering from BPH. CEO Liam Kelly emphasized the strategic investment in UroLift's commercial capabilities in Japan, aiming to train medical staff by early 2022. The UroLift System, already used in over 300,000 cases worldwide, is expected to significantly benefit the over two million affected men in Japan.
Teleflex Incorporated (NYSE: TFX) has announced a worldwide recall of its Arrow-Trerotola™ Over-The-Wire PTD® Kit due to a defect where the inner lumen can detach from the device’s basket. This recall affects products manufactured between October 2019 and July 2021, classified as a Class I recall by the FDA. The company received seven complaints, with no reported long-term complications. Consumers are advised to discontinue use and return all affected products. The recall notice, including product codes and lot numbers, is available on their website.
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