10-Q quarterly report · filed Aug 3, 2017

Teleflex Inc (TFX) Q3 2017 10-Q Quarterly Report

Short answer

Teleflex Inc (TFX) filed its Q3 2017 10-Q quarterly report on Aug 3, 2017 for the quarter ended Jul 2, 2017.

Teleflex Inc Q3 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $528.6M, up 11.6% YoY from $473.6M, including $49.8M from acquired businesses
  • Gross margin 54.9% vs 54.1% YoY, SG&A margin 30.1% vs 30.2%
  • Best segment All Other revenue $100.2M, up 73.0%; worst Asia operating profit $18.6M, down 14.5%
  • Operating cash flow $197.7M vs $181.5M; acquisitions used $993.5M and capital expenditures totaled $36.8M
  • Outlook: expected 2017 Asia sales and operating profit decline during China distributor-to-direct conversion; credit-market and customer-payment risks remained headwinds

Risk Factors

  • No risk-factors section provided, preventing identification of new or changed risks versus the 2016 10-K
  • Acquisition integration risk: Vascular Solutions generated a $11.6 million operating loss during the six months ended July 2, 2017
  • Financial leverage risk: long-term borrowings increased to $1,887.7 million from $850.3 million after acquisition financing
  • Restructuring execution risk: Vascular Solutions integration program estimated at $6.0 million to $7.5 million in charges through 2018
  • Currency exposure: foreign-currency translation increased accumulated other comprehensive income by $112.7 million in six months

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

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