QUOTE AND NEWS
Benzinga  Feb 23  Comment 
Teleflex Incorporated (NYSE: TFX) shares rose 1.46% to reach a new 52-week high of $121.92. Barclays upgraded Teleflex from Equalweight to Overweight and raised the price target from $121.00 to $145.00. Polypore International Inc. (NYSE: PPO)...
Benzinga  Feb 23  Comment 
Barclays upgraded Teleflex Incorporated (NYSE: TFX) from Equalweight to Overweight. The price target for Teleflex has been raised from $121.00 to $145.00. Teleflex shares have gained 19.48% over the past 52 weeks, while the S&P 500 index has...
Benzinga  Feb 23  Comment 
Forbes  Feb 20  Comment 
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Teleflex Incorporated (NYSE: TFX) was identified as having a larger market cap than the smaller end of the S&P 500, for example Avery Dennison Corp....
Benzinga  Feb 19  Comment 
In a report published Thursday, Brean Capital analyst Jason Wittes reiterated a Buy rating and $125.00 price target on Teleflex Incorporated (NYSE: TFX). In the report, Brean Capital noted, "We are projecting fourth quarter Adjusted EPS of $1.39...
Benzinga  Feb 17  Comment 
Analysts at KeyBanc upgraded Teleflex Incorporated (NYSE: TFX) from Hold to Buy. The price target for Teleflex is set to $128. Teleflex shares have gained 15.37% over the past 52 weeks, while the S&P 500 index has surged 13.92% in the same...
Benzinga  Feb 17  Comment 
Analysts at DNB Markets upgraded Teekay Tankers Ltd. (NYSE: TNK) from Hold to Buy. The price target for Teekay Tankers is set to $6.70. Teekay Tankers' shares closed at $5.50 on Friday. JP Morgan upgraded Watsco Inc. (NYSE: WSO) from Underweight...
Benzinga  Jan 22  Comment 
In a report published Thursday, Brean Capital analyst Jason Wittes reiterated a Buy rating and $125.00 price target on Teleflex (NYSE: TFX). In the report, Brean Capital noted, “We recently met with Chairman and CEO Benson Smith, CFO Thomas...
Benzinga  Jan 13  Comment 
Teleflex Incorporated (NYSE: TFX), a leading global provider of medical devices for critical care and surgery, announced that newly published research has reaffirmed the ability of catheters protected with ARROWg^+ard^® Technology to reduce...




 

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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