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) announced a quarterly cash dividend of $0.34 per share, payable on March 15, 2021. Shareholders on record as of March 5, 2021 will receive this dividend. Teleflex focuses on providing medical technologies aimed at improving health outcomes, with a diverse portfolio that includes vascular access, cardiology, anesthesia, and more. For further details about their offerings, visit teleflex.com.
Teleflex reported fourth quarter 2020 revenues of $711.2 million, a 4.4% increase year-over-year, with adjusted diluted EPS of $3.25, down 0.9%. Full-year revenues fell 2.2% to $2.537 billion, alongside a 27.6% drop in GAAP diluted EPS to $7.10. The company estimates the COVID-19 pandemic had a $61 million negative impact on fourth-quarter revenue and $281 million for the full year. Looking ahead, 2021 guidance projects 10-11.5% revenue growth and adjusted diluted EPS between $12.50 and $12.70.
Teleflex Incorporated (NYSE: TFX) announced the submission of a Biologics License Application (BLA) for its investigational freeze dried plasma (FDP) candidate to the FDA. This candidate, developed in collaboration with the U.S. Army Medical Materiel Development Activity, aims to enhance emergency medical responses to battlefield injuries. The application is eligible for priority review and accelerated approval, facilitating potential rapid availability. The FDP is not yet FDA-approved. The announcement underscores Teleflex's innovation focus in medical technologies.
Teleflex Incorporated (NYSE: TFX) will be represented by CEO Liam Kelly at the Barclays Global Healthcare Conference on March 9, 2021, at 10:55 am ET. A live audio webcast of the event will be accessible on the investor section of Teleflex's website, along with a presentation slide deck. Teleflex specializes in medical technologies aimed at enhancing health and quality of life through innovative solutions in various medical fields, including vascular access and emergency medicine. For more information, visit www.teleflex.com.
Teleflex Incorporated (NYSE: TFX) has successfully completed patient enrollment ahead of schedule in its clinical study evaluating specialty catheters and coronary guidewires for Chronic Total Occlusion (CTO) percutaneous coronary interventions. The study enrolled 150 patients across 13 US sites, concluding three months early. CTOs affect nearly 20% of patients undergoing coronary angiography, often leading to severe ischemia and cardiac dysfunction. The study aims to assess device performance and safety, with expectations for results to inform clinical practices in CTO procedures.
Teleflex Incorporated (NYSE: TFX) announced that Chairman, President, and CEO Liam Kelly will speak at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 12:30 p.m. ET. A live audio webcast and accompanying slides will be accessible on the investor section of Teleflex's website. Teleflex is dedicated to enhancing healthcare through innovative medical technologies across various specialties.
Teleflex Incorporated (NYSE: TFX) will announce its Q4 2020 and full-year financial results on February 25, 2021, before market open. A live conference call will occur at 8:00 a.m. ET on the same day, accessible via audio webcast on the company’s website. An audio replay will be available from 11:00 a.m. ET on February 25, 2021, until 11:00 a.m. ET on March 2, 2021. Teleflex is a leading provider of medical technologies aimed at enhancing health and quality of life.
Teleflex Incorporated (NYSE: TFX) announced new data published in European Urology Focus, indicating that the Prostatic Urethral Lift (PUL) procedure using the UroLift® System significantly preserves and improves sexual function compared to medical treatment for benign prostatic hyperplasia (BPH). The study showed a 17% and 21% increase in erectile function at 1 and 2 years, respectively, and substantial improvements in ejaculatory function over four years. Meanwhile, medication treatments generally led to declines in sexual function. These findings underscore UroLift's benefits for BPH patients.
Teleflex expands its ErgoPack® Complete system by introducing new Arrow® Multi-Lumen Access Catheter (MAC) and Percutaneous Sheath Introducer (PSI) systems, enhancing vascular access solutions. Building on the October 2020 launch of the ErgoPack® Complete CVC System, these innovations incorporate clinician-inspired features such as a GlideWheel™ Advancer and kink-resistant guidewire. These enhancements aim to reduce catheter-related complications, adhering to CDC and SHEA guidelines while offering broad-spectrum antimicrobial protection against pathogens.
FAQ
What is the current stock price of Teleflex Incorporated (TFX)?
What is the market cap of Teleflex Incorporated (TFX)?
What does Teleflex Incorporated do?
Where is Teleflex Incorporated headquartered?
How many people does Teleflex employ?
What are the main segments of Teleflex's business?
What percentage of Teleflex’s revenue comes from the United States?
What recent acquisitions has Teleflex made?
What is the UroLift™ System?
What was Teleflex's revenue growth in 2023?
How can one access Teleflex's investor conference calls?
What is the mission of Teleflex Incorporated?
