Teleflex has worst day ever after forecasting 2025 profit below estimates

Teleflex Incorporated

27/02/2025 15:39

Updates

** Shares of surgical equipment maker Teleflex TFX.N fall 20.4% to $141.48, hitting eight-year low

** Stock set for its worst day ever, if losses hold

** Company forecast 2025 adj profit per share to be between $13.95 and $14.35; analysts had forecast $15.23 per share, according to data compiled by LSEG

** Posts Q4 profit of $3.89 per share vs estimate of $3.86

** Separately, TFX plans to split into two cos, with urology, acute care and contract manufacturing businesses to be spun off into separate unit

** Co to buy Germany-based Biotronik's blood vessel device unit for about 760 million euros ($796.3 million) in cash to boost Teleflex's core business

** TFX CFO Thomas E. Powell has decided to retire effective April 1

** TFX down 21.29% YTD

 (Reporting by Siddhi Mahatole)

 ((Siddhiprabhanjan.mahatole@thomsonreuters.com))