QUOTE AND NEWS
newratings.com  5 hrs ago  Comment 
OTTAWA (dpa-AFX) - Teleflex Inc. (TFX) and Vascular Solutions Inc. (VASC) announced that they have entered into a definitive agreement by which Teleflex will acquire Vascular Solutions in a transaction valued at approximately $1.0 billion. As per...
MarketWatch  5 hrs ago  Comment 
Vascular Solutions Inc. announced Friday a deal to be acquired by Teleflex Inc. in a deal valued at $1 billion. Under terms of the deal, Teleflex will pay $56 in cash for each Vascular share outstanding, a 1.6% premium to Thursday's closing...
Forbes  Nov 8  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 11/10/16, Eli Lilly & Co. (NYSE: LLY), Teleflex Incorporated (NYSE: TFX), and Chemed Corp (NYSE: CHE) will all trade ex-dividend for their respective upcoming dividends. Eli Lilly...
Insurance Journal  Nov 7  Comment 
Ohio’s addictions agency has issued an awareness alert after a company recalled a device used to deliver the drug overdose antidote naloxone. The Department of Mental Health and Addiction Services said the recall by Gurnee, Illinois-based...
newratings.com  Oct 28  Comment 
WASHINGTON (dpa-AFX) - Teleflex Inc. (TFX), a provider of medical technologies for critical care and surgery, announced a new group purchasing agreement with Premier Inc. - a leading healthcare improvement company, uniting an alliance of...
newratings.com  Oct 27  Comment 
WASHINGTON (dpa-AFX) - Teleflex Inc. (TFX), a provider of medical devices for critical care and surgery, on Thursday lifted its forecast for fiscal 2016 adjusted earnings per share from continuing operations guidance to a range of $7.25 to $7.34...
newratings.com  Oct 27  Comment 
WASHINGTON (dpa-AFX) - Teleflex Inc (TFX) announced a profit for its third quarter that rose compared to the same period last year. The company said its bottom line advanced to $82.6 million, or $1.80 per share. This was up from $72.1 million,...




 

Teleflex is a manufacturing conglomerate that earns most of its money making disposable medical supplies like catheters and oxygen masks. Although medical devices made up 77% of 2009 revenue of $1.89 billion,[1] the company makes a host of other industrial products, from jet engine blades and airline baggage systems, to boat and commercial truck engine parts.

Revenue from Teleflex's aerospace products is dependent on the commercial airline industry demand for aircraft parts. The FAA predicts new commercial aircraft construction will slow in the future[2] because of weakness in the overall economy and among passenger airlines specifically. However, the Aerospace segment only made up 10% of Teleflex's 2009 revenues.[1]

Business Financials

The company's revenue decreased from $2.1 billion in 2008 to $1.89 billion in 2009.[3] However, its operating profit remained relatively flat, as its operating revenue in 2009 was $336 million in 2009, compared to $340 million in 2008.

Medical (77%% of 2009 Revenue)

Teleflex’s Medical segment businesses produce devices used in surgeries, critical care, and cardiac care, as well as parts and instruments for other companies’ medical devices. The largest revenue source in this segment is Critical Care Products, which sells under the names Arrow, Rüsch, HudsonRCI, Gibeck and Sheridan. The next largest revenue source in this segment is Surgical Products, which sells under the names Deknatel, Pleur-evac, Pilling, Taut and Weck. The third revenue source in this segment is Devices for Original Equipment Manufacturers, which sells under the names TFX OEM, Beere, Deknatel, KMedic, and SMD.

The products in the Medical segment are manufactured in the Czech Republic, Germany, Malaysia, Mexico and the United States and sold to hospitals and healthcare providers all over the world.

Aerospace (10% of 2009 Revenue)

Revenue in the Aerospace segment comes from engine repair products and cargo handling systemst for commercial aviation. Engine Repair produces parts and services for flight turbines through a majority-owned venture with GE Aircraft Engines called AirFoil Technologies International (ATI). Cargo Handling Systems and Equipment acquired Nordisk Aviation Products in November 2007 to improve global market presence and produces cargo systems and spare parts under both the names Nordisk and Telair. Major sites for the Aerospace segment are in England, Germany, Norway, Singapore and the United States.

Commercial (13% of 2009 Revenue)

The Commercial segment produces driver controls and engine and drive assemblies for boats, as well as fuel management systems for automotive, rail, and industrial vehicles, and rigging products. Manufacturing sites are in Canada, Europe, Singapore, and the United States. The Marine part of this segment sells products under the names Teleflex Marine, SeaStar, BayStar, and Sierra. Fuel Management systems are sold under the names ComfortPro, Proheat, and Teleflex GFI. Rigging systems produces cables and other rigging equipment for applications such as oil drilling and marine transportation.

Normally I'm against kilnlig but this article slaughtered my ignorance.

I don't really want have to give away my life shoippng habits again for penny in a pound and carry around another loyalty card. So I guess these are good initiatives from Asda trying to become closer to it's people'.Ailespy blog, I have just seen some videos of Paul who used to work at the same place as me last year before moving to Asda. Great find!

References

  1. 1.0 1.1 TFX 10-K 2009 Item 7 Pg. 33
  2. "FAA predicts stalling airline demand for FY2008." eTurboNews. March 16, 2008
  3. TFX 10-K 2009 Item 7 Pg. 34
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