Teleflex reaffirms 2022 guidance, sets 2023-2025 goals: 6-7% revenue CAGR, 200-300 bps op margin expansion

TELEFLEX INC

Reaffirmed 2022 GAAP revenue growth of 2.3%-3.8% (4.0%-5.5% constant currency) and GAAP EPS $8.85-$9.45; adjusted EPS $13.70-$14.30.
Set 2023-2025 goals: 6-7% compounded annual constant currency revenue growth from year-end 2022.
Targets adjusted gross margin expansion of 250-350 bps and adjusted operating margin expansion of 200-300 bps by year-end 2025.
Forecasts cumulative free cash flow of at least $1.7 billion for 2023-2025.

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