earnings
confidence high
sentiment negative
materiality 0.75
Teleflex Q3 GAAP EPS $2.36, adj $3.49; cuts FY revenue growth guidance to 2.9-3.4%
TELEFLEX INC
2024-Q3 EPS reported
$4.37
revenue$2,251,915,000
- Q3 GAAP revenue $764.4M, +2.4% YoY; GAAP diluted EPS $2.36 vs $2.91; adjusted diluted EPS $3.49 vs $3.64.
- Lowers FY2024 GAAP revenue growth guidance to 2.90%-3.40% (from 3.40%-4.40%); adjusted constant currency growth guidance cut to 3.5%-4.0%.
- Raises FY2024 GAAP EPS guidance to $6.65-$6.95 (from $6.43-$6.83); adjusted EPS guidance $13.90-$14.20.
- Interventional Urology (+13.3%) and Interventional (+11.8%) drove growth; OEM soft at +0.3%; Other category fell 28% due to Italian payback reserve.
- Board authorized $500M share repurchase; $200M accelerated share program in Q3; net leverage 1.7x.