Teleflex (TFX) Tops Q1 EPS by 21c, Beats on Revenues; Boosts FY18 EPS Outlook Above Consensus

Teleflex (NYSE: TFX) reported Q1 EPS of $2.15, $0.21 better than the analyst estimate of $1.94. Revenue for the quarter came in at $587.2 million versus the consensus estimate of $568.9 million.

• First Quarter Revenues of $587.2 million, up 20.4% Versus Prior Year Period; up 14.6% on Constant Currency Basis
• First Quarter GAAP Diluted EPS of $1.18, up 35.6% Over the Prior Year Period
• First Quarter Adjusted Diluted EPS of $2.15, up 19.4% Versus Prior Year Period
• Raised 2018 Guidance Range for GAAP Revenue Growth from a range of between 14% and 15% to a range of between 15% and 16%
• Reaffirmed 2018 Guidance Range for Constant Currency Revenue Growth of between 12% and 13%
• Lowered 2018 Guidance for GAAP Diluted EPS from a range of between $7.10 and $7.20 to a range of between $5.45 and $5.55
• Raised 2018 Guidance for Adjusted Diluted EPS from a range of between $9.55 and $9.75 to a range of between $9.70 and $9.90

GUIDANCE:

Teleflex sees FY2018 EPS of $9.75-$9.90, versus the consensus of $9.66.

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

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