TELEFLEX



CONTACT

Teleflex Incorporated
550 East Swedesford Road
Suite 400
Wayne, PA 19087
United States
610-225-6800
http://www.teleflex.com

Email: Customer Service

FINANCE
Income Statement
All numbers in thousands

Revenue

12/31/2017

12/31/2016

12/31/2015

Total Revenue

2,146,303

1,868,027

1,809,690

Cost of Revenue

974,501

871,827

865,287

Gross Profit

1,171,802

996,200

944,403

Operating Expenses
Research Development

84,770

58,579

52,119

Selling General and Administrative

699,963

563,308

568,982

Non Recurring

14,790

59,227

7,819

Others

Total Operating Expenses

Operating Income or Loss

372,279

315,086

315,483

DESCRIPTION
Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. It offers vascular access products that comprise Arrow branded catheters and related devices, including catheter positioning systems for use in the administration of intravenous medications and other therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site; and devices for treating coronary and peripheral vascular disease. The company also provides interventional access products that are used in dialysis, oncology, and critical care therapies; and cardiac care products, such as diagnostic and intra-aortic balloon catheters, and capital equipment. In addition, it offers anesthesia products, such as pain management products for use in surgical and obstetric procedures; airway management products and related devices for use in pre-hospital emergency and hospital settings; and other pre-hospital emergency products. Further, the company offers surgical products, including Weck Ligation Systems, Weck EFx Fascial Closure Systems, Percutaneous Surgical Systems, Weck Vista bladeless access ports, Deknatel sutures, and Pilling and Kmedic surgical instruments; products for use in acute care settings for diagnostic and therapeutic procedures, and in general and specialty surgical applications; and single-use respiratory, urology, and interventional urology products. Additionally, it provides devices and instruments for other medical device manufacturers, such as custom-engineered extrusions, diagnostic and interventional catheters, balloon sheath/dilator sets and kits, sutures, performance fibers, and bioresorbable resins and fibers. The company serves hospitals and healthcare providers, medical device manufacturers, and home care markets. Teleflex Incorporated was founded in 1943 and is headquartered in Wayne, Pennsylvania.

HISTORY
“What does the name ‘Teleflex’ mean?” The company began in 1943 with one simple product – a multi-strand helical cable and a gear that could convert push-pull motions into rotary motions. Its first use was on Spitfire planes in World War II as a flexible cable to adjust the pilot’s radio, which was located behind the cockpit and out of the pilot’s reach. The flexible cable was used telescopically to adjust the radio, giving us our name.

Teleflex cable image

Over time, Teleflex grew from an operating company focused on engineering to a diversified industrial company and has now transitioned to a pure-play medical device company.

Company Milestones
2015:
Acquired Human Medics, a distributor of Teleflex products in Korea
Acquired Truphatek, a manufacturer of disposable and reusable laryngoscope devices
Acquired Trintris Medical, an OEM supplier of balloon catheters
Acquired exclusive North American distribution rights to AutoFuser® range of disposable pain pump products from Ace Medical
Acquired N. Stenning & Company, a distributor of Teleflex surgical products in Australia
Acquired Atsina Surgical, a developer of surgical clips
Acquired Nostix LLC, Catheter Tip Placement Solutions
2014:
Acquired assets of MiniLap Technologies, Inc.
Acquired Mayo Healthcare, a distributor of Teleflex products in Australia
2013:
Acquired Eon Surgical, Ltd, micro-laparoscopy surgical technology
Acquired Ultimate Medical and its affiliates, technology for laryngeal masks and other airway management devices
Acquired Vidacare Corporation, leading technology platform for intraosseous access devices
2012:
Acquired assets of Axiom Technology Partners, LLC, which makes the EFx family of laparoscopic fascial closure
Acquired EZ-Blocker™ disposable catheter product line
Acquired Hotspur Technologies, Inc.
Divested OEM Orthopedics business
Acquired assets of LMA International N.V. (“LMA”)
Acquired Semprus BioSciences
2011:
Divested Marine Business
Acquired VasoNova Inc.
Divested Aerospace Business
2010:
Divested SSI Surgical Services Inc.
Divested Rigging Services Business
Divested Actuation Business
2009:
Divested Airfoil Technologies International
Divested Power Systems Business
2007:
Divested Precision-Machined Components Business
Acquired Specialized Medical Devices.
Acquired Arrow International.
Divested Automotive and Industrial Businesses
2006:
Acquired Taut.
2005:
Divested Sermatech International
2004:
Divested Techsonic Industries Inc.
Acquired Hudson RCI.
2003:
Acquired CT Devices.
2002:
Acquired Beere Precision Medical Instruments.

TECHNOLOGY

Innovative Solutions in healthcare technology

Product availability varies by country and region.