logo
  

Teleflex Reaffirms FY22 Outlook

While providing an update on its business, 2023-2025 business growth strategy and financial goals ahead of its 2022 Analyst & Investor Day in New York City later on Friday, medical devices maker Teleflex, Inc. (TFX) reaffirmed its earnings and revenue growth guidance for full-year 2022.

For fiscal 2022, the company continues to project earnings from continuing operations in a range of $8.85 to $9.45 per share and adjusted earnings from continuing operations in a range of $13.70 to $14.30 per share on revenue growth of 2.3 to 3.8 percent, with constant currency revenue growth of 4.0 to 5.5 percent.

On average, 11 analysts polled by Thomson Reuters expect the company to report earnings of $13.96 per share on revenue growth of 3.10 percent to $2.90 billion for the year. Analysts' estimates typically exclude special items.

The company also said it expects 6 to 7 percent compounded annual constant currency revenue growth rate from year-end 2022 through year-end 2025.

The company noted that it intends to continue to pursue business optimization opportunities that drive margin improvement and target acquisition candidates that complement its existing business, have differentiated products, and can strengthen its financial profile.

It expects its 3-year growth strategy to accelerate the Company's revenue growth, deliver gross and operating margin expansion and generate strong free cash flow.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by... Retail giant Walmart reported Tuesday a net profit for the second quarter that grew 20.4 percent from last year, reflecting lower operating expenses and partially inflation driven revenue growth. The results were also driven by the rebound in international markets. Quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2023.
Follow RTT