Teleflex Incorporated's Fourth Quarter Earnings: Revenue Up, But Profits Down

Challenges and Opportunities: A Closer Look at Teleflex Incorporated*s Q4 Financial Results

Published Feb 24 2024 / Modified Feb 24 2024
CSIMarket Team / CSIMarket.com

Teleflex Incorporated's latest financial report for the three months ending December 31, 2023, showed a mixed bag of results for investors.
Despite a revenue improvement of 2.094%, the company experienced a significant income decline of -60.67% compared to the same quarter the previous year.
Net profits also fell by -60.42% in this period.

The company's earnings per share (EPS) dropped by -77.34% from the previous quarter, coming in at $0.66 per share.
However, revenue grew by 3.692% to $773.87 million.
Operating earnings fell by -35.87% to $82.468 million, narrowing the operating margin to 10.66%. Teleflex Incorporated also saw a build-up in inventories and accounts receivable, signaling rising demand for their products.

Looking at the financial results for the full year of 2023, Teleflex Incorporated reported revenue of $2.97 billion and a bottom-line of $356.33 million.
EPS decreased by -1.95% to $7.53 per share from the previous year.

In light of these results, investors may be questioning the company's future performance.
Teleflex Incorporated's shares have dropped by -4.08% in the past 30 days, bringing the year-to-date performance to -5.05%. However, the shares are currently trading 1.9% above their 52-week average on the NYSE.

Teleflex Incorporated recently announced a quarterly dividend payment of $0.34 per share of common stock, payable on March 15, 2024.
With a dividend payout ratio of 15.81%, some investors may be wondering if the company will increase its dividend in the near future.

Liam Kelly, Chairman, President, and CEO of Teleflex Incorporated, is scheduled to speak at the 45th Annual Raymond James Institutional Investors Conference in March, which may provide further insight into the company's future plans and performance.
Investors should keep a close eye on Teleflex Incorporated's developments and announcements in the coming months.

Teleflex Incorporated's Revenue per Employee

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