TELEFLEX INC

For the period ended Mar 31, 2024. Filed May 3, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

TFX$155.30+0.4%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Statements of Income

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended
	March 31, 2024	April 2, 2023
(Dollars and shares in thousands, except per share)
Net revenues	$737,849	$710,932
Cost of goods sold	321,715	319,552
Gross profit	416,134	391,380
Selling, general and administrative expenses	242,830	232,716
Research and development expenses	37,299	41,469
Pension settlement charge	138,139	—
Restructuring and impairment charges	2,659	2,221
(Loss) income from continuing operations before interest and taxes	(4,793)	114,974
Interest expense	22,683	18,337
Interest income	(1,666)	(843)
(Loss) income from continuing operations before taxes	(25,810)	97,480
(Benefit) taxes on income from continuing operations	(41,551)	20,184
Income from continuing operations	15,741	77,296
Operating loss from discontinued operations	(587)	(711)
Tax benefit on operating loss from discontinued operations	(135)	(163)
Loss from discontinued operations	(452)	(548)
Net income	$15,289	$76,748
Earnings per share:
Basic:
Income from continuing operations	$0.33	$1.65
Loss from discontinued operations	(0.01)	(0.02)
Net income	$0.32	$1.63
Diluted:
Income from continuing operations	$0.33	$1.63
Loss from discontinued operations	(0.01)	(0.01)
Net income	$0.32	$1.62
Weighted average common shares outstanding
Basic	47,068	46,949
Diluted	47,394	47,285

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