Teleflex Inc Stock Price, News & Analysis

Teleflex (NYSE: TFX) presented new findings from the CLEAR study at the 40th Annual European Association of Urology Congress in Madrid. The study, comparing UroLift™ System (PUL) with Rezūm™ Water Vapor Therapy (WVTT) for benign prostatic hyperplasia (BPH) treatment, revealed superior outcomes for UroLift™.

Key findings include:

• Only 1 out of 42 UroLift™ patients failed to achieve catheter independence within 3-7 days post-procedure, compared to 10 out of 37 Rezūm patients
• UroLift™ patients reported less interference with daily activities due to pain and blood in urine
• Better sexual function outcomes were observed in UroLift™ patients, with improved erectile and orgasmic function at one month
• Higher patient satisfaction scores were recorded for UroLift™ at both 14 days and one-month post-procedure

Cagent Vascular has appointed Paul Wilson as Chief Commercial Officer (CCO) to lead the company's commercial strategy. Wilson, who previously held senior leadership positions at Teleflex (TFX) and Abbott, will oversee sales, marketing, clinical programming, and business development initiatives.

The company's proprietary serration balloon technology, including the FDA-cleared Serranator® and Serranator SL-PRO™ PTA Serration Balloon Catheters, uses stainless steel micro-serration technology for vessel dilation in endovascular interventions. The technology delivers 1,000x more point force compared to traditional balloon angioplasty, creating linear, interrupted scoring during slow-and-low balloon inflation to optimize vessel preparation and enhance arterial expansion in peripheral artery disease (PAD) and chronic limb-threatening ischemia (CLTI).

Teleflex (NYSE: TFX) has announced its latest quarterly dividend declaration. The company's Board of Directors has approved a cash dividend of $0.34 per share of common stock. The dividend will be distributed on March 17, 2025, to shareholders who are on record as of the close of business on March 7, 2025.

Teleflex (NYSE: TFX) reported Q4 2024 revenues of $795.4 million, up 2.8% year-over-year, with adjusted diluted EPS of $3.89 compared to $3.38 in the prior year. Full-year 2024 adjusted revenue reached $3,061.1 million, up 2.9% from the previous year.

The company recorded a significant non-cash goodwill impairment charge of $240 million in the Interventional Urology unit, primarily due to subdued UroLift revenue growth expectations. For 2025 guidance, Teleflex projects adjusted constant currency revenue growth of 1.0% to 2.0% and adjusted diluted EPS of $13.95 to $14.35.

Two major strategic announcements were made: the planned acquisition of BIOTRONIK's Vascular Intervention business and the intention to separate Teleflex into two publicly traded companies. Additionally, the company plans to initiate a $300 million accelerated share repurchase program.

Teleflex (NYSE:TFX) announced that Chief Financial Officer Thomas E. Powell will retire effective April 1, 2025, after more than 13 years with the company. John R. Deren, currently Corporate Vice President and Chief Accounting Officer, will succeed as Executive Vice President and CFO effective April 2, 2025.

Powell will continue as a consultant through March 31, 2026, to ensure a smooth transition. Under his tenure, Teleflex achieved an 800 basis points increase in adjusted operating margin from 2012-2024. Deren, who joined Teleflex in 2013, brings over 30 years of financial management experience, having previously worked at PricewaterhouseCoopers, Rohm and Haas, Exelon Generation, and Trinseo.

Teleflex (NYSE:TFX) announced plans to separate into two independent publicly traded companies by mid-2026. The separation will be executed through a tax-free distribution of newly issued shares to shareholders.

The first company, RemainCo ($2.1B revenue in 2024), will focus on Vascular Access, Interventional, and Surgical businesses, targeting high-growth hospital-focused emergent markets. It's projected to deliver 6%+ constant currency revenue growth and double-digit EPS growth in the first year post-separation.

The second company, NewCo ($1.4B revenue in 2024), will comprise Urology, Acute Care, and OEM businesses. It's expected to generate low-single digit constant currency revenue growth with a mid-50% adjusted gross margin profile.

The separation aims to create two focused entities with simplified operating models, streamlined manufacturing footprints, and enhanced resource allocation. RemainCo will transition from 19 to 7 manufacturing facilities, with the remaining 12 transferring to NewCo.

Teleflex (NYSE:TFX) has announced a definitive agreement to acquire BIOTRONIK's Vascular Intervention business for approximately €760 million. The acquisition, expected to close by Q3 2025, will expand Teleflex's presence in the estimated $10 billion interventional cardiology and peripheral vascular market.

The acquired portfolio includes drug-coated balloons, drug-eluting stents, and other vascular intervention devices. In 2023, approximately 75% of revenues came from coronary interventions and 25% from peripheral interventional procedures. The business demonstrated a 5.4% constant currency revenue CAGR from 2022 to 2024 and is expected to generate approximately €91 million in revenues in Q4 2025.

Key products include the Pantera Lux Drug-Coated Balloon Catheter, PK Papyrus Covered Coronary Stent, and Orsiro Mission Drug Eluting Stent. The deal is expected to be approximately $0.10 accretive to adjusted earnings per share in the first year post-close.

Teleflex (NYSE: TFX) has announced its participation in the Raymond James & Associates 46th Annual Institutional Investors Conference. The event will take place at the JW Marriott Grande Lakes in Orlando, Florida, on Tuesday, March 4, 2025, at 3:25 p.m. (ET).

The company's management will deliver a presentation, which will be accessible to investors through a live audio webcast along with accompanying slides. Interested parties can access the presentation through the investor section of the Teleflex website at teleflex.com.

Teleflex (NYSE:TFX) has announced it will host a conference call to discuss its fourth quarter financial results and provide an operational update on Thursday, February 27, 2025, at 8:00 a.m. Eastern Time. Participants can pre-register to receive dial-in information, and the call will also be accessible via live audio webcast on teleflex.com.

An audio replay will be available starting at 11:00 am Eastern Time on the same day, accessible through the company's website or by telephone. The replay can be accessed by dialing 1 800 770 2030 (U.S. and Canada) or 1 609 800 9909 (other locations) with conference ID 69028.