NYSE$TFX

Teleflex Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Teleflex reported a strong Q4 2019, with revenue and adjusted EPS increasing, and announced the acquisition of IWG High Performance Conductors, Inc.

Teleflex reported Q4 2019 net revenues of $681.0 million, a 6.1% increase compared to the prior year period. GAAP EPS from continuing operations increased 21.9% to $2.28, and adjusted diluted EPS from continuing operations increased 18.4% to $3.28. The company also announced the acquisition of IWG High Performance Conductors, Inc.

  • Net revenues increased by 6.1% to $681.0 million compared to the prior year period.
  • GAAP earnings per share from continuing operations increased 21.9% to $2.28 compared to $1.87 in the prior year period.
  • Adjusted diluted earnings per share from continuing operations increased 18.4% to $3.28 compared to $2.77 in the prior year period.
  • Teleflex announced the acquisition of IWG High Performance Conductors, Inc.

Headline financials

Total Revenue

$681M

Previous: $642M+6.1%
EPS (adj)

$3.28

Previous: $2.77+18.4%
Interest Expense

$17.3M

No prior period
Capital Expenditures

$18.9M

Previous: $25M-24.5%
Net Income

$108M

Previous: $90.6M+19.5%
Operating Income

$108M

Previous: $119M-9.6%
Gross Profit

$398M

Previous: $366M+8.9%
Cash & Equivalents

$301M

Previous: $357M-15.7%
Total Assets

$6.31B

Previous: $6.28B+0.5%
Stock-Based Comp

$6.9M

Previous: $5.97M+15.6%

Revenue & EPS history

Teleflex · Revenue · Quarterly

$681M

Q4 2019+6.1%vs Q4 2018
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Teleflex · $400M total across 1 segment · Q4 2019

  • Americas Segment
    $400M+11.7%

Forward guidance

Teleflex anticipates full year 2020 GAAP revenue to increase between 6.5% and 7.5% over 2019. The company expects adjusted diluted earnings per share from continuing operations to be between $12.50 and $12.70 for full year 2020, representing an increase of 12.1% to 13.9% over 2019.

Tailwinds

  • Full year 2020 revenues are expected to increase 6.5% to 7.5% over 2019 on a GAAP basis.
  • Full year 2020 revenues are expected to increase 7.2% to 8.2% over 2019 on a constant currency basis.
  • Full year 2020 GAAP diluted earnings per share from continuing operations to be between $7.70 and $7.85.
  • Adjusted diluted earnings per share from continuing operations to be between $12.50 and $12.70 for full year 2020.
  • Adjusted diluted EPS represents an increase of 12.1% to 13.9% over 2019.

Headwinds

  • Estimate of an approximately 0.7% unfavorable impact of foreign currency exchange rate fluctuations on 2020 revenue.
  • Estimate of an approximately 0.9% negative impact from foreign currency exchange rate fluctuations on 2020 adjusted diluted EPS.
  • Changes in business relationships with and purchases by or from major customers or suppliers.
  • Delays or cancellations in shipments.
  • Global economic factors, including currency exchange rates, interest rates, trade disputes, sovereign debt issues and the impact of the United Kingdom's departure from the European Union, commonly known as "Brexit".

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.4%

Avg return

Earnings day

-2.6%

Avg return

5 days after

-1.9%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+12.5%

Q3 2023

Best reaction

-21.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.9%+4.6%+5.2%
Q4 2025+6.5%+9.2%+3.9%
Q3 2025-13.3%-10.0%-3.4%
Q1 2025-8.2%-12.0%-10.8%
Q4 2024-21.7%-26.4%-22.4%
Q3 2024-10.2%-13.5%-18.0%
Q2 2024+7.3%+4.5%+11.0%
Q1 2024-4.0%-4.7%-1.2%
Q4 2023-5.3%-9.9%-12.0%
Q3 2023+12.5%+9.2%+21.4%
Q2 2023-4.3%-7.6%-14.1%
Q1 2023-5.2%-7.4%-13.1%
Q4 2022-2.3%-1.0%+3.4%
Q3 2022+3.1%+5.6%+8.6%
Q2 2022-9.8%-5.9%-15.9%
Q1 2022-9.7%-9.9%-8.3%
Q4 2021+6.4%+3.4%+5.3%
Q3 2021-2.5%+0.9%-16.7%
Q2 2021-0.5%-3.6%-2.8%
Q1 2021-4.8%-7.0%-9.4%
Q4 2020-0.6%+0.8%+3.2%
Q3 2020-5.0%-0.8%+10.8%
Q2 2020-7.0%-8.2%-4.0%
Q1 2020-6.7%-3.5%+2.8%
Q4 2019-6.3%-11.9%-38.3%
Q3 2019+4.9%+1.9%+7.1%
Q2 2019+6.4%+6.8%+7.1%
Q1 2019+7.0%+4.9%+2.7%
Q4 2018-0.4%+0.7%+5.3%
Q3 2018+6.4%+6.9%+14.4%
Q2 2018-9.2%-12.4%-8.6%
Q1 2018+0.6%-0.7%-0.2%
Q4 2017-5.5%-6.0%-6.3%
Q3 2017+6.1%+7.7%+9.9%
Q2 2017+5.5%+4.9%+3.7%
Q1 2017-4.4%-7.2%-1.2%
Q4 2016+3.1%+3.9%+5.9%
Q3 2016-9.7%-11.2%-2.7%
Q2 2016+3.2%+3.0%+4.4%
Q1 2016-2.8%
Q4 2015+9.6%
Q3 2015+2.4%
Q2 2015-4.5%
Q1 2015+0.6%
Q4 2014+4.6%
Q3 2014+0.7%
Q2 2014+1.9%
Q1 2014+1.6%
Q4 2013+3.0%
Q3 2013+5.5%
Q2 2013+0.2%
Q1 2013-5.9%
Q4 2010-0.4%
Q4 2012+1.0%
Q3 2012+3.7%
Q2 2012+4.4%
Q1 2012+0.9%
Q4 2011+0.9%
Q3 2011-1.2%
Q2 2011+0.9%
Q1 2010+2.9%
Q1 2011+0.7%
Q4 2008-2.6%
Q3 2009-3.4%
Q3 2010-3.4%
Q2 2009+7.3%
Q4 2009+7.3%
Q2 2010+7.3%

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