Teleflex Inc (TFX) Q3 2016 10-Q Quarterly Earnings

Short answer

Teleflex Inc (TFX) filed its Q3 2016 10-Q quarterly report on Oct 27, 2016 for the quarter ended Sep 25, 2016.

AI summary of MD&A and risk factor updates

Revenue $455.6M, up $11.9M or 2.7% YoY
Gross margin 53.0% vs 51.4% YoY, SG&A margin 30.7% vs 31.3%
Best segment OEM revenue $41.4M, up 6.3%; worst EMEA operating profit $16.6M, down 15.7%
Operating cash flow $301.6M vs $176.8M; $35.9M capital expenditures and $44.0M dividends
Outlook: 2014 restructuring completion delayed to first half of 2020, savings estimate reduced to $23M-$27M

Newly added 2016 Other Restructuring Program: manufacturing and administrative consolidation triggered $2.5 million to $3.5 million estimated charges
Most materially updated operational risk: 2014 footprint plan completion delayed to first half 2020, with charges raised to $43 million to $48 million
Regulatory risk: Austrian and Canadian tax examinations could increase or decrease recorded tax liabilities
Market risk: EMEA revenue declined 1.1% over nine months, pressured by $5.9 million unfavorable currency effects
Financial risk: Convertible Notes classified current, requiring repayment through cash and revolving-credit borrowings

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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