Teleflex Raises EPS Guidance While Cutting Full-Year Outlook and Expanding Buybacks
Teleflex reported continuing-operations revenue of $570.3 million, up 28.9%, and raised full-year adjusted EPS guidance, supported by capital returns after selling its OEM business for $1.5 billion in cash. However, GAAP diluted EPS fell to $0.96 and GAAP revenue and earnings guidance were cut. Management also said interventional integration is taking longer than expected, with pro forma interventional revenue down 1.0% in the quarter.