Sign in

    Teleflex Inc (TFX)

    You might also like

    Teleflex Incorporated is a global provider of medical technology products focused on enhancing clinical benefits, improving patient and provider safety, and reducing total procedural costs . The company primarily designs, develops, manufactures, and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications . Teleflex's product categories include vascular access, interventional, anesthesia, surgical, interventional urology, respiratory, and urology, with a significant portion of revenue coming from single-use medical devices .

    1. Vascular Access - Provides catheters and intraosseous access systems used in various critical care therapies.
    2. Interventional - Offers coronary catheters and structural heart support devices crucial for therapeutic procedures.
    3. Anesthesia - Includes airway management and pain management devices for surgical and critical care settings.
    4. Surgical - Comprises ligation clips and surgical instruments for various surgical applications.
    5. Interventional Urology - Features the UroLift System and Barrigel, a rectal spacing product, as key components.
    6. Respiratory - Supplies devices and systems for respiratory care and management.
    7. Urology - Provides a range of products for urological procedures and care.
    8. OEM Segment - Designs and supplies custom components for other medical device manufacturers, with revenue recognized over time due to the custom nature of the products.
    NamePositionStart DateShort Bio
    Liam J. KellyChairman, President, and Chief Executive OfficerJanuary 2018Liam J. Kelly has been a director of Teleflex since 2018 and has served as Chairman of the Board since May 2020. He became the President and CEO in January 2018. He previously held various executive roles at Teleflex .
    Thomas E. PowellExecutive Vice President and Chief Financial OfficerFebruary 2013Thomas E. Powell has been serving as the Executive Vice President and CFO of Teleflex since February 2013. He joined Teleflex in August 2011 as Senior Vice President, Global Finance .
    Cameron P. HicksCorporate Vice President, Human Resources and CommunicationsApril 2013Cameron P. Hicks has been serving as the Corporate Vice President, Human Resources and Communications at Teleflex since April 2013. He previously worked at Harlan Laboratories, Inc. .
    Daniel V. LogueCorporate Vice President, General Counsel, and SecretaryJanuary 2021Daniel V. Logue has been serving as the Corporate Vice President, General Counsel, and Secretary at Teleflex since January 2021. He joined Teleflex in 2004 and has held various legal positions .
    Jay WhiteCorporate Vice President and President, Global CommercialFebruary 2021Jay White has been serving as the Corporate Vice President and President, Global Commercial at Teleflex since February 2021. He joined Teleflex in March 2005 as the Director of Marketing, North America .
    James WintersCorporate Vice President, Manufacturing and Supply ChainFebruary 2020James Winters has been serving as the Corporate Vice President, Manufacturing and Supply Chain at Teleflex since February 2020. He previously held roles at the DePuy Synthes division of Johnson & Johnson .
    1. Given the ongoing challenges with UroLift in the doctor's office setting and the reliance on Palette's Barrigel to achieve your interventional urology guidance, what specific strategies are you implementing to address UroLift's underperformance and stimulate growth in this segment?

    2. With your recent share repurchase authorization alongside an active M&A pipeline, how are you balancing capital allocation between returning capital to shareholders and investing in growth opportunities, especially when considering potential dilution from acquisitions like Palette?

    3. Regarding the anticipated increase in intra-aortic balloon pump sales due to your competitor's challenges, what measures are you taking to expand manufacturing capacity and secure long-term customer relationships, and how confident are you in the sustainability of this opportunity beyond the short term?

    4. As you aim to capture additional market share in the intra-aortic balloon pump market without anticipating significant price increases, how do you plan to maintain or improve margins given existing pricing agreements and potential pricing pressures in a more concentrated market?

    5. The reduction in your GAAP earnings per share guidance includes an increase in the restructuring line; can you provide more transparency on the restructuring activities driving this change and elaborate on any underlying factors that investors should be aware of?

    Program DetailsProgram 1
    Approval DateJuly 30, 2024
    End Date/DurationNot specified
    Total additional amount$500 million
    Remaining authorization amount$300 million
    DetailsPart of strategy to return cash to shareholders and enhance long-term value creation. Not a substitute for M&A but an additional way to return capital.
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    202496.875Current Borrowings4.5 5.5% = (96.875 / 1,758.421) * 100
    2027N/A4.625% Senior Notes4.625 N/A
    2028N/A4.25% Senior Notes4.25 N/A
    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1962 PresentCurrent auditor