WAYNE, PA — Teleflex Incorporated (NYSE: TFX) announced its financial results for the first quarter of 2025, delivering revenue and earnings that aligned with expectations. While the company faced headwinds from tariffs and separation-related expenses, it reaffirmed its commitment to driving long-term growth and shareholder value through strategic initiatives.
Revenue for the first quarter reached $700.7 million, a 5% decline compared to the same period last year, or 3.8% on a constant currency basis. GAAP diluted earnings per share (EPS) from continuing operations significantly rose to $2.07 from $0.33 in the prior-year period, while adjusted diluted EPS slipped to $2.91 from $3.21.
CEO Liam Kelly commented, “Our performance for the first quarter was in line with our expectations. Were it not for the impact of tariffs enacted since the issuance of our previous guidance, we project that our full-year results for 2025 would fall within our previously stated guidance ranges. We are evaluating strategies to mitigate our exposure to tariffs and remain highly focused on executing our plan for the year.”
The company estimated that tariffs would have a $55 million impact on 2025 results, which will be accounted for in the cost of goods sold. Teleflex is actively exploring mitigation strategies, aiming to offset this exposure through expense management and operational adjustments.
Teleflex also highlighted progress on its plan to separate into two standalone publicly traded companies. Speaking on this development, Kelly shared, “On our last call, we announced our intended separation of Teleflex into two independent publicly traded companies, which we believe will enhance value for all Teleflex shareholders. As we expected, since announcing the intended separation, we have received significant third-party interest in acquiring NewCo. With the full support and oversight of the Board, management are continuing to actively explore all options for NewCo with the goal of maximizing shareholder value, including evaluating the potential sale of NewCo in parallel with the potential spin transaction.”
The company completed a $300 million accelerated share repurchase program in April 2025, reinforcing its prudent capital allocation strategy and focus on boosting shareholder returns.
Looking ahead, Teleflex adjusted its 2025 guidance to reflect current conditions. It raised its GAAP revenue growth forecast to a range of 1.28% to 2.28%, up from the previously stated range of (0.35)% to 0.65%. At the same time, due to tariffs and other factors, the company revised its GAAP EPS projection to $6.51–$6.91, down from prior guidance of $8.85–$9.25. Adjusted diluted EPS guidance was also reduced to $13.20–$13.60 from $13.95–$14.35.
Despite ongoing challenges, Teleflex remains focused on executing its strategic initiatives, including the planned separation and operational efficiencies, while addressing external pressures. The company aims to strengthen its market position and deliver sustainable growth in the years ahead.
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