Teleflex Provides Longer-term Financial Goals Through 2018; Backs 2015 Outlook

(RTTNews) - Teleflex Inc. (TFX) will provide longer-term financial goals and objectives through 2018, reaffirm Previously provided 2015 financial outlook and discuss the business plans and strategic initiatives that are expected to drive the Company's growth and margin expansion at the Company's Investor and Analyst Day meeting today.

The company reaffirmed its previously provided 2015 constant currency revenue growth range of 4% to 6% and its previously provided 2015 adjusted earnings per share from continuing operations range of $6.10 to $6.35. Analysts polled by Thomson Reuters expect the company to report earnings of $6.23 per share and revenues of $1.82 billion for fiscal 2015. Analysts' estimates typically exclude special items.

The Company's longer-term financial goals and objectives include constant currency revenue growth of between 5% to 6% per year for 2016 through 2018; adjusted gross and operating margin expansion of 350 basis points to 400 basis points beyond 2015 levels by 2018; and free cash flow growth of between 10% to 12% per year through 2018.