TELEFLEX REPORTS FIRST QUARTER EARNINGS
TELEFLEX REPORTS FIRST QUARTER EARNINGS PLYMOUTH MEETING, Pa., April 16 /PRNewswire/ -- Teleflex
Incorporated (AMEX: TFX) today reported that revenues for the first quarter ended March 29, 1992, increased 18 percent to $132,814,000 compared to $112,376,000 for the same three months last year.
Net income increased 6 percent to $7,958,000 or $.47 per share for the quarter vs. $7,490,000 or $.45 per share for the same period in 1991. Lennox K. Black, chairman, said, "Significant improvements in our Commercial Segment, and increases in the Medical Segment more than offset a decline in the Aerospace Segment. New products made key contributions in each of our Commercial businesses. Medical results include Pilling Company, acquired in November 1991. The Aerospace Segment continues to labor under extremely difficult industry conditions." TELEFLEX INCORPORATED Comparative Summary of Revenues and Earnings (Unaudited) Three months ended March 29, 1992 March 31, 1991 Revenues $132,814,000 $112,376,000 Income before taxes $12,103,000 $11,348,000 Net income $7,958,000 $7,490,000 Earnings per share $.47 $.45(A) Average shares outstanding 17,096,000 16,694,000(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 markets. /delval/ -0- 4/16/92 /CONTACT: Janine Dusossoit of Teleflex, 215-834-6301/ (TFX) CO: Teleflex Incorporated ST: Pennsylvania IN: ARO MTC SU: ERN
MP -- PH015 -- 9229 04/16/92 11:19 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Apr 16, 1992|
|Previous Article:||PHH CORP. $25 MILLION 5 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --|
|Next Article:||EQUITABLE ANNOUNCES NEW CHIEF INVESTMENT OFFICER AND OTHER PROMOTIONS|