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TELEFLEX REPORTS 1991 RESULTS, 17TH CONSECUTIVE YEAR OF RECORD EARNINGS

TELEFLEX REPORTS 1991 RESULTS, 17TH CONSECUTIVE YEAR OF RECORD EARNINGS
 PLYMOUTH MEETING, Pa., Feb. 13 /PRNewswire/ -- Teleflex Incorporated (AMEX: TFX) today announced revenues for the year ended Dec. 29, 1991, increased 9 percent to $483,009,200 compared to $444,212,800 in 1990.
 Net income increased 4 percent to $29,807,200 from $28,567,100 in the prior year. Earnings per share increased to $1.77 in 1991 compared to $1.73 in 1990. The per share data are adjusted for a 3-for-2 stock split which was effective June 14, 1991.
 In the fourth quarter revenues increased 18 percent to $137,718,200 from $116,644,800 in 1990. Net income was $8,481,200 or $.50 per share, as compared to $7,946,100 or $.48 per share in 1990.
 Lennox K. Black, chairman, said, "As you know, 1991 was probably one of the most difficult in recent memory, largely because of the stubborn economic recession. However, Teleflex demonstrated its resilience and achieved its 17th consecutive year of increased revenues, earnings and earnings per share."
 "These results," he continued, "were achieved despite recessionary pressures in four of the six markets we serve, and they underscore the sound balance and diversification in our businesses."
 Black commented, "It was also a year of important building and positioning for Teleflex. In particular, we made great strides in the Medical Segment, which accounted for approximately 27 percent of sales. The acquisition of Pilling Company in November greatly strengthens our access to the U.S. market. Pilling's highly-skilled direct sales force is already marketing our Rusch medical devices to hospitals here, and we see attractive opportunities for Pilling's surgical instruments in Europe."
 In the Commercial Segment, which contributed approximately 35 percent of sales, Black reported, "New products such as our automotive fuel hose stimulated sales in the second half of the year, and they will continue to grow in 1992."
 "Our Aerospace Segment," commented Black, "had to contend with a severely depressed commercial airline sector during 1991, as well as with further reductions in defense spending. We feel we are adapting well to the changes occurring in the aerospace industry and that Teleflex can continue to be a successful niche player." Aerospace contributed approximately 38 percent of sales in 1991.
 "Looking ahead to 1992, we see more strong growth in our medical business, aided by a full year of revenues from Pilling," he said, "versus only two
months' contribution in 1991." Pilling's sales for the full year 1991 were about $42 million. "Activity has picked up somewhat in recent weeks in our commercial businesses," he said. "As the year progresses, we anticipate gathering momentum as the U.S. economy strengthens."
 "Our participation in international markets," concluded Black, "helps to insulate the company's results from downturns in U.S. markets and offers excellent new growth opportunities for our products and technologies."
 TELEFLEX INCORPORATED
 Comparative Summary of Revenues and Earnings
 Year ended Dec. 29, 1991 Dec. 30, 1990
 Revenues $483,009,200 $444,212,800
 Net income $29,807,200 $28,567,100
 Earnings per share $1.77 $1.73 (A)
 Average shares
 outstanding 16,850,300 16,475,900 (A)
 Three months ended Dec. 29, 1991 Dec. 30, 1990
 Revenues $137,718,200 $116,644,800
 Net income $8,481,200 $7,946,100
 Earnings per share $.50 $.48 (A)
 Average shares
 outstanding 16,946,300 16,533,900 (A)
 (A) Adjusted to reflect the 3-for-2 stock split effective June of 1991.
 Teleflex Incorporated is a diversified manufacturer with interests in three major business segments: aerospace, medical and commercial. The company specializes in solving engineering problems by the development and application of its proprietary technologies in these three major segments.
 /delval/
 -0- 2/13/92
 /CONTACT: Janine Dusossoit of Teleflex, 215-834-6301/
 (TFX) CO: Teleflex Incorporated ST: Pennsylvania IN: ARO MTC SU: ERN


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