Teleflex Q2 revenue rises 29%, beats analyst estimates
Teleflex Q2 revenue rises 29%, beats analyst estimates
Overview
U.S. medical technologies provider's Q2 revenue rose 29% yr/yr, beating analyst expectations
Adjusted EPS from continuing operations rose to $1.76 from $1.73 a year ago
Company completed OEM business sale, repaid debt, and repurchased $250 mln in stock
Outlook
Teleflex lowers 2026 GAAP revenue growth outlook to 13.4%-14.4%
Company cuts 2026 GAAP EPS guidance to $2.54-$2.84
Teleflex raises 2026 adjusted diluted EPS outlook to $6.90-$7.20
Result Drivers
VASCULAR AND SURGICAL GROWTH - Co said revenue growth was led by strong performance in its Vascular and Surgical businesses
INTEGRATION DELAYS - Co said integration of the acquired Biotronik Vascular Intervention business is taking longer than expected, affecting revenue outlook
INNOVATION PIPELINE - Co highlighted FDA approval for EZPLAZ and progress in the Freesolve clinical program as milestones in its innovation pipeline
Company press release: ID:nBw7znP7Xa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $570.30 mln | $559.60 mln (13 Analysts) |
Q2 Adjusted EPS continuing operations |
| $1.76 |
|
Q2 EPS continuing operations |
| $0.96 |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."
Wall Street's median 12-month price target for Teleflex Incorporated is $145.00, about 6% above its August 5 closing price of $136.78
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
Aug 4 - LeMaitre Vascular Q2 sales slightly miss estimates
Aug 3 - KKR to take medical-equipment maker Integer Holdings private in $5.7 billion deal
Aug 5 - Carlsmed Q2 revenue rises 57%, raises 2026 revenue forecast
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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