Teleflex ( (TFX) ) has issued an update.
Teleflex Incorporated reported a 2.4% increase in GAAP revenue for Q3 2024, reaching $764.4 million, with strong contributions from Interventional and Vascular Access segments. Despite a drop in GAAP EPS to $2.36, the company raised its 2024 adjusted EPS guidance and announced a $500 million share repurchase program, reflecting robust cash flow and strategic flexibility. These results underscore Teleflex’s effective diversification and capital allocation strategies amid fluctuating OEM revenues.
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