TELEFLEX INC
For the period ended Jun 30, 2024. Filed Aug 2, 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.
Jun 30, 2024 · Filed Aug 2, 2024
TFX$155.30+0.4%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2024 | July 2, 2023 | June 30, 2024 | July 2, 2023 | |
| (Dollars and shares in thousands, except per share) | ||||
| Net revenues | $749,691 | $743,259 | $1,487,540 | $1,454,191 |
| Cost of goods sold | 333,233 | 335,436 | 654,948 | 654,988 |
| Gross profit | 416,458 | 407,823 | 832,592 | 799,203 |
| Selling, general and administrative expenses | 250,631 | 223,306 | 493,461 | 456,022 |
| Research and development expenses | 41,094 | 39,448 | 78,393 | 80,917 |
| Pension settlement charge | — | — | 138,139 | — |
| Restructuring and impairment charges | 7,855 | 1,508 | 10,514 | 3,729 |
| Income from continuing operations before interest and taxes | 116,878 | 143,561 | 112,085 | 258,535 |
| Interest expense | 21,168 | 17,762 | 43,851 | 36,099 |
| Interest income | (1,787) | (1,156) | (3,453) | (1,999) |
| Income from continuing operations before taxes | 97,497 | 126,955 | 71,687 | 224,435 |
| Taxes (benefit) on income from continuing operations | 17,332 | 15,532 | (24,219) | 35,716 |
| Income from continuing operations | 80,165 | 111,423 | 95,906 | 188,719 |
| Operating loss from discontinued operations | (164) | (114) | (751) | (825) |
| Tax benefit on operating loss from discontinued operations | (37) | (26) | (172) | (189) |
| Loss from discontinued operations | (127) | (88) | (579) | (636) |
| Net income | $80,038 | $111,335 | $95,327 | $188,083 |
| Earnings per share: | ||||
| Basic: | ||||
| Income from continuing operations | $1.70 | $2.37 | $2.03 | $4.02 |
| Loss from discontinued operations | — | — | (0.01) | (0.02) |
| Net income | $1.70 | $2.37 | $2.02 | $4.00 |
| Diluted: | ||||
| Income from continuing operations | $1.69 | $2.35 | $2.02 | $3.99 |
| Loss from discontinued operations | — | — | (0.01) | (0.01) |
| Net income | $1.69 | $2.35 | $2.01 | $3.98 |
| Weighted average common shares outstanding | ||||
| Basic | 47,151 | 46,981 | 47,130 | 46,965 |
| Diluted | 47,361 | 47,329 | 47,378 | 47,307 |
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