Earnings release
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Teleflex® Lawrence Keusch Contact : Vice President , Investor Relations and Strategy Development 610-948-2836 FOR IMMEDIATE RELEASE Exhibit 99.1 July 29 , 2021 TELEFLEX REPORTS SECOND QUARTER 2021 RESULTS AND FULL YEAR OUTLOOK Wayne , PA -- Teleflex Incorporated ( NYSE : TFX ) ( the " Company " ) today announced financial results for the second quarter ended June 27 , 2021 . Second quarter financial summary Reported revenues of $ 713.5 million , up 25.8 % year - over - year ; up 21.0 % on a constant currency basis • GAAP diluted EPS from continuing operations of $ 1.76 as compared to $ 0.24 in the prior year period • Adjusted diluted EPS from continuing operations of $ 3.35 , up 73.6 % year - over - year 2021 guidance summary • GAAP revenue growth unchanged at 10.50 % to 11.75 % , inclusive of a $ 28 to $ 32 million headwind in the second half of 2021 from the June 28 , 2021 respiratory divestiture that was not contemplated in the prior guidance range Constant currency revenue growth unchanged at 8.50 % to 9.75 % GAAP diluted EPS increased to $ 9.50 to $ 9.60 from $ 8.00 to $ 8.10 prior , and adjusted diluted EPS increased to $ 12.90 to $ 13.10 from $ 12.65 to $ 12.85 prior , inclusive of $ 0.10- $ 0.15 dilution in the second half of 2021 from the respiratory divestiture that was not contemplated in the prior guidance range Liam Kelly , Chairman , President and Chief Executive Officer , said , " Although we continue to see varying levels of recovery across our product lines and geographic segments from challenges due to COVID - 19 , our second quarter results showed continued positive business momentum . In the quarter , we generated solid revenue growth and sequential improvement in adjusted gross and operating margins , which led to $ 3.35 in adjusted EPS , a significant improvement of more than 70 % on a year - over - year basis . On June 28 , 2021 , we divested the majority of our respiratory assets reflecting our disciplined portfolio review process . Based on the strength of our first half results and our outlook for the remainder of the year , we are maintaining our 2021 constant currency revenue guidance range and raising the full year adjusted earnings per share 1