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Teleflex Reports Third Quarter 2012 Results

Net inventories at September 30, 2012 were $295.6 million compared to $298.8 million at December 31, 2011.

Net debt obligations at September 30, 2012 were $394.9 million compared to $445.9 million at December 31, 2011.

2012 OUTLOOK

Including the recently completed acquisitions of LMA International N.V. and affiliates, the Company’s financial estimates for 2012 are as follows:

Constant currency revenue growth between 6% and 7% for full year 2012. This compares to the Company’s prior expectation of constant currency revenue growth between 4% and 6% for full year 2012.

Adjusted diluted earnings per share in the range of $4.35 to $4.40. This compares to the Company’s prior expectation of adjusted diluted earnings per share in the range of $4.25 to $4.45.

2012 OUTLOOK EARNINGS PER SHARE RECONCILIATION

      Low         High
       
Loss per share attributable to common shareholders ($4.58) ($4.53)
 
Goodwill impairment, net of tax $7.72 $7.72
 
Special items, net of tax $0.35 $0.35
 
Intangible amortization expense, net of tax $0.70 $0.70
 
Amortization of debt discount on convertible notes, net of tax $0.16         $0.16
 
Adjusted diluted earnings per share $4.35         $4.40

CONFERENCE CALL WEBCAST AND ADDITIONAL INFORMATION

As previously announced, Teleflex will comment on its financial results on a conference call to be held today at 8:00 a.m. (ET). The call will be available live and archived on the company’s website at www.teleflex.com and the accompanying presentation will be posted prior to the call. An audio replay will be available until November 7, 2012, 11:59 p.m. (ET) by calling 888-286-8010 (U.S./Canada) or 617-801-6888 (International), Passcode: 77519595.

ADDITIONAL NOTES

Constant currency revenue and growth exclude the impact of translating the results of international subsidiaries at different currency exchange rates from period to period.

Stock quotes in this article: TFX 

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