Teleflex Raises 2018 Guidance Range For Adj. EPS - Quick Facts

(RTTNews) - Teleflex Inc. (TFX) raised its full year 2018 adjusted diluted earnings per share from continuing operations guidance from a range of between $9.70 and $9.90 to a range of between $9.80 and $9.95, reflecting the expectation of an approximately 5% positive impact from foreign currency exchange rate fluctuations. The company lowered its full year 2018 GAAP diluted earnings per share from continuing operations guidance from a range of between $4.60 and $4.70 to a range of between $4.00 and $4.10, reflecting the impact of additional restructuring, impairment and contingent consideration expenses.

Teleflex lowered its full year 2018 GAAP revenue growth guidance range from a range of between 14% and 15% to a range of between 13.5% and 14.5%. On a constant currency basis, the company reaffirmed full year 2018 guidance range of between 12% and 13% over the prior year.

Third quarter adjusted EPS was $2.52, up 18.9% from prior year. Revenues were $609.7 million, up 14.0%; or up 15.0% on constant currency basis.