Teleflex (TFX) Tops Q4 EPS by 4c, Offers FY Guidance

Teleflex (NYSE: TFX) reported Q4 EPS of $2.13, $0.04 better than the analyst estimate of $2.09. Revenue for the quarter came in at $513.9 million versus the consensus estimate of $502.64 million.

2017 OUTLOOK

On a GAAP basis, revenues in 2017 are expected to increase 10.0% to 11.5% over the prior year, reflecting the anticipated 2.5% unfavorable impact of foreign currency exchange rate fluctuations. On a constant currency basis, the Company estimates that revenues for full year 2017 will increase 12.5% to 14.0%, which includes the impact of Vascular Solutions which is expected to contribute approximately 8.5% to 9.0%.

The Company expects full year 2017 GAAP diluted earnings per share from continuing operations to be between $5.04 and $5.08. The Company expects adjusted diluted earnings per share from continuing operations to be between $8.00 and $8.15 for full year 2017, representing an increase of 9.0% to 11.0% over 2016, reflecting our expectation of an approximately 4.1% negative impact from foreign currency exchange rate fluctuations.

(Street sees FY17 EPS of $7.85)

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

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