Q1 2025 Teleflex Inc Earnings Call Transcript
Key Points
- Teleflex Inc (TFX) reported first quarter revenues of $700.7 million, which was within the guidance range provided during the previous earnings call.
- The Vascular Access segment saw a revenue increase of 1.9% year-over-year, driven by double-digit growth in PICCs and solid performance in EZ-IO.
- The Interventional segment experienced a 3.2% year-over-year revenue increase, with strong demand for intra-aortic balloon pumps in the Americas.
- The AC3 Range Intra-Aortic Balloon Pump received 510(k) clearance from the FDA, with full market release in the United States expected in the second quarter of 2025.
- Teleflex Inc (TFX) announced the intention to separate into two independent publicly traded companies, aiming to enhance shareholder value and strategic focus.
- First quarter revenues declined by 5% year-over-year on a GAAP basis, with adjusted earnings per share decreasing by 9.3% year-over-year.
- The OEM segment experienced a significant revenue decrease of 26.8% year-over-year, impacted by customer contract losses and inventory management.
- The Interventional Urology segment saw a 10.7% year-over-year revenue decline, with continued pressure on the UroLift business.
- Adjusted gross margin decreased by 70 basis points year-over-year, primarily due to macroeconomic factors affecting labor and raw materials costs.
- The company faces a $55 million impact from tariffs enacted since the previous guidance, with ongoing efforts to mitigate this exposure.
Good morning, ladies and gentlemen, and welcome to the Teleflex first quarter 2025 earnings conference call. At this time, all participants have been placed in a listen-only mode.
(Operator Instructions). Please note that this conference call is being recorded and will be available on the company's website for replay shortly.
Now I will turn the call over to Mr. Lawrence Keusch, Vice President of Investor Relations & Strategy Development.
Good morning, everyone, and welcome to the Teleflex Incorporated first quarter 2025 earnings conference call. The press release and slides to accompany this call are available on our website at teleflex.com. As a reminder, a replay will be available on our website. Those wishing to access the replay can refer to our press release from this morning for details.
Participating on today's call are Liam Kelly, Chairman, President and Chief Executive Officer; and John Deren, Executive Vice President and
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