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NEWS BITES US - NYSE
Teleflex (NYSE:TFX), announced EPS of $US3.07 for the half year-ended 30 June 2020, up 13.7% from the previous corresponding period.
Compared with the previous corresponding period [PCP; H/30 Jun 2019], year-over-year [y.o.y.] Revenue was down 5.4% and Net Profit was up 14.8%.
| Half year-ended | 30 Jun 2020 | 30 Jun 2019 |
| EPS, $US | 3.1 | 2.7 |
| PCP growth in EPS % | 13.7 | 129 |
| Revenue, $US billion | 1.2 | 1.3 |
| PCP growth in Revenue % | -5.4 | 5.8 |
| Net Profit, $US million | 143 | 124 |
| PCP growth in Net Profit % | 14.8 | 131 |
Major changes compared with previous corresponding period [H1/2020 vs H1/2019]:
Favourable Changes:
- Net profit was up 14.8% from $US124.3m to $US142.6m
- EPS growth 13.7% from $US2.7 to $US3.07
- EBIT to Revenues was up from 11.1% to 13.8%
- Profit before tax to Revenues was up from 11.1% to 13.8%
- Profit after tax to Revenues was up from 9.8% to 11.9%
Unfavourable Changes:
- Total revenue was down 5.4% from $US1.3b to $US1.2b
Note:
- Tax expenses to Revenues was up from 1.2% to 1.9%
ACTIVITIES:
Teleflex Incorporated (Teleflex) is a diversified company engaged in the design, manufacture and distribution of engineered products and services. The Company serves a range of customers in segments of the medical, aerospace and commercial industries. The Company's products include medical devices used in critical care and anesthesia applications, surgical instruments and devices, cardiac assist devices for hospitals and healthcare providers and instruments and devices delivered to medical device manufacturers; aerospace engine repair products and services and cargo-handling systems and equipment used in commercial aircraft, and marine driver controls, engine...