Quarterly ResultMay 7, 2026, 07:08 AM
Teleflex Q1 Revenue $548.3M, up 32.3%; Adj. EPS $1.39
AI Summary
Teleflex reported first-quarter 2026 revenue from continuing operations of $548.3 million, a 32.3% increase year-over-year, or 5.1% on a pro forma adjusted constant currency basis. GAAP diluted EPS from continuing operations was $(0.11), while adjusted diluted EPS was $1.39, a slight decrease from $1.44 in the prior year. The company maintained its full-year 2026 guidance for both revenue and adjusted diluted EPS. Additionally, Teleflex announced Jason Weidman as its new President and CEO, effective June 8, 2026, and reiterated plans to use proceeds from strategic divestitures for share repurchases and debt reduction.
Key Highlights
- Jason Weidman appointed President & CEO, effective June 8, 2026.
- Q1 2026 revenue from continuing operations was $548.3 million, up 32.3% YoY.
- Pro forma adjusted constant currency revenue grew 5.1% in Q1 2026.
- Q1 2026 adjusted diluted EPS from continuing operations was $1.39.
- Maintained full-year 2026 adjusted diluted EPS guidance of $6.25 to $6.55.
- Strategic divestitures expected to close in H2 2026, funding $1B share repurchase and $800M debt reduction.
- Vascular Access revenue grew 4.8% pro forma adjusted constant currency in Q1.
- Surgical revenue grew 9.9% pro forma adjusted constant currency in Q1.