Teleflex (TFX) Tops Q3 EPS by 20c; Raises Outlook

Teleflex (NYSE: TFX) reported Q3 EPS of $1.57, $0.20 better than the analyst estimate of $1.37. Revenue for the quarter came in at $457.2 million versus the consensus estimate of $447.93 million.

Teleflex sees FY2014 EPS of $5.60-$5.70, versus prior guidance of $5.45-$5.6 and the consensus of $5.59.

“Building upon our performance in the first half of the year, Teleflex once again delivered double-digit constant currency revenue and adjusted earnings per share growth,” said Benson Smith, Chairman, President and Chief Executive Officer. “In addition, during the third quarter, the Company continued to expand operating margin and made progress in the initial phases of our facility restructuring initiatives.”

Added Mr. Smith, “Based on the Company’s performance during the first nine months of 2014, and our outlook for the fourth quarter, we are increasing our full year constant currency revenue growth guidance range from 7% to 9% to 7.5% to 9%, and increasing our full year adjusted diluted earnings per share guidance range from $5.45 to $5.60 to $5.60 to $5.70.”

For earnings history and earnings-related data on Teleflex (TFX) click here.

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