Teleflex Inc · Q2 2022 earnings

Briefing

Teleflex's financial performance reflected resilience amidst operating environment challenges.

Teleflex reported Q2 2022 financial results with revenues of $704.5 million, a decrease of 1.3% year-over-year, but an increase of 2.3% on a constant currency basis. GAAP diluted EPS from continuing operations was $2.23, compared to $1.76 in the prior year period, while adjusted diluted EPS from continuing operations was $3.39, compared to $3.35 in the prior year period. The company reduced its full year 2022 revenue growth and earnings per share guidance.

• Revenues decreased by 1.3% year-over-year to $704.5 million; increased 2.3% on a constant currency basis.
• GAAP diluted EPS from continuing operations increased to $2.23, compared to $1.76 in the prior year period.
• Adjusted diluted EPS from continuing operations increased to $3.39, compared to $3.35 in the prior year period.
• Full year 2022 revenue growth guidance reduced to (0.45)% to 0.55% GAAP and 3.25% to 4.25% constant currency.

Headline financials

Revenue & EPS history

Teleflex has revised its full year 2022 outlook. The company now expects GAAP revenue growth to be between -0.45% and 0.55%, and constant currency revenue growth to be between 3.25% and 4.25%. GAAP diluted earnings per share from continuing operations are projected to be $8.04 to $8.44, while adjusted diluted earnings per share from continuing operations are expected to be $13.00 to $13.40.