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Teleflex (TFX) Q3 FY2023 earnings: revenue $746 million, up 8.7% on the year

Teleflex Inc. (TFX) reported revenue of $746 million for Q3 FY2023, the quarter ended 1 October 2023, up 8.7% on the same quarter a year earlier. Net income was $137 million, up 34.6% on the year, and diluted earnings per share $2.90. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2023.

Revenue$746 millionup 8.7%
Net income$137 millionup 34.6%
Diluted EPS$2.90
QuarterQ3 FY2023ended 1 October 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue746n/an/an/a
Cost of revenue330n/an/an/a
Gross profit416n/an/an/a
Gross margin55.8%n/an/a
Research and development37.6n/an/an/a
Selling, general and administrative213n/an/an/a
Operating income165n/an/an/a
Operating margin22.1%n/an/a
Interest expense23.2n/an/an/a
Pre-tax income150n/an/an/a
Income tax11.9n/an/an/a
Effective tax rate8.0%n/an/a
Net income137n/an/an/a
Net margin18.4%n/an/a
Diluted EPS$2.90n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Capital expenditure24.4n/an/an/a
Cash from investing-28.5n/an/an/a
Cash from financing462n/an/an/a
Depreciation and amortisation57.6n/an/an/a
Share-based compensation8.1n/an/an/a
Dividends paid16.0n/an/an/a
Dividend per share$0.34n/an/an/a
Diluted shares, weighted47mn/an/an/a
Shares outstanding at period end47mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity4,314n/an/an/a
Debt2,038n/an/an/a
Operating lease liabilities112n/an/an/a
Other liabilities1,030n/an/an/a
Total liabilities and equity7,494n/an/an/a
Fixed assets464n/an/an/a
Goodwill2,528n/an/an/a
Intangible assets2,181n/an/an/a
Cash and equivalents881n/an/an/a
Receivables425n/an/an/a
Inventory625n/an/an/a
Other assets389n/an/an/a
Total assets7,494n/an/an/a

Questions

What was Teleflex's revenue in Q3 FY2023?

Teleflex (TFX) reported revenue of $746 million for Q3 FY2023, the quarter ended 1 October 2023, up 8.7% on the same quarter a year earlier.

How much did Teleflex earn in Q3 FY2023?

Net income for Q3 FY2023 was $137 million, up 34.6% on the year, and diluted earnings per share $2.90.

When did Teleflex report Q3 FY2023 results?

Teleflex filed its 10-Q for the quarter ended 1 October 2023 with the SEC on 3 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026
Revenue746774413419426442414443567569548570
Cost of revenue330342322333334355159177461n/a241239
Gross profit416431257252260269255266292307307332
Gross margin56%56%62%60%61%61%62%60%52%54%56%58%
R&D37.635.937.341.138.744.625.326.557.2n/a44.445.1
SG&A213261243251247255153138282n/a226214
Operating income16582.5-71.851.172.052.475.891.1-62.413.920.272.8
Operating margin22%11%-17%12%17%12%18%21%-11%2%4%13%
Interest expense23.225.822.721.221.118.618.521.731.828.125.728.0
Pre-tax income15060.0-25.897.5131-12758.870.7-439n/a-3.845.1
Tax rate8%48%n/a18%15%n/a11%4%n/an/an/a7%
Net income13731.115.380.0111-13795.0123-409-714-8.299.7
Net margin18%4%4%19%26%-31%23%28%-72%-126%-1%17%
Diluted EPS$2.90$0.66$0.32$1.69$2.36-$2.93$2.07$2.77-$9.24-$16.15-$0.18$2.28
Capital expenditure24.427.738.434.821.232.024.134.629.9n/a18.814.0
Buybacksn/an/a0.00.02000.03000.00.00.00.0250
Dividends paid16.016.016.016.015.815.715.215.015.015.015.114.8
Shares outstanding47m47m47m47m46m44m44m44m44m44m44m42m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 1 October 2023, filed 3 November 2023, accession 0000096943-23-000102: the filing on EDGAR. All of Teleflex Inc.'s filings: EDGAR company page.

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