BNET Industries
Market Cap:$2.0B
Last Fiscal Year Sales:$2.4B
- Public
- US
Dow Jones Description
Teleflex strives to maintain a portfolio of businesses that provide consistency of performance, improved profitability and sustainable growth. Over the past several years, we significantly changed the composition of our portfolio through acquisitions and divestitures to improve margins, reduce cyclicality and focus our resources on the development of our core businesses. On March 20, 2009, we completed the sale of our 51 percent share of Airfoil Technologies International Singapore Pte. Ltd. (ATI Singapore) to GE Pacific Private Limited for $300 million in cash. We recognized a gain of approximately $179 million, net of $97 million of taxes, in discontinued operations. We are also party to an agreement with General Electric Company (GE) that will permit us to transfer our ownership interest in the remaining ATI business (together with ATI Singapore, the ATI Business) to GE by the end of 2009. We used $240 million of the proceeds to repay long-term debt. (See Note 17 to our condensed consolidated financial statements included in this report for discussion of discontinued operations).
Chairman, President, CEO
Jeffrey P. BlackNumber of Employees 14,200
Peer Companies
NAICS Code Surgical and Medical Instrument Manufacturing: 339112
Recent Events
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Fuel Systems Rockets Higher: Wish We Had More Exposure
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Local companies report quarterly earnings
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BRIEF-Teleflex announces quarterly dividend
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Teleflex Reports Third Quarter 2009 Results
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Teleflex CFO to resign
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Fuel Systems Solutions completes Teleflex buy
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Teleflex Inc. TFX reports 3rd Quarter ending September 2009 above estimates
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United Rentals acquires Industrial Rental Company in Ohio
News & Analysis
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teleflex inc. - All News and Analysis
Teleflex Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Jim Lucas - Janney Montgomery Scott Jim Lucas - Janney Montgomery Scott Two questions, first wanted to talk a little bit about the new product pipeline. We saw a couple articles in the Journal this morning highlighting...
Teleflex Inc. Q2 2009 Earnings Call Transcript
Teleflex Inc. TFX Q2 2009 Earnings Call July 27, 2009; 9:00 am ET
Teleflex Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. The first question comes from the line of David Turkaly - SIG. David Turkaly – SIG When you talked about the synergies on the medical side, I think you said 12 of the 18 to 20 have been recognized this year, and...
Teleflex Incorporated Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions. Your first question comes from the line of Jim Lucas with Janney Montgomery Scott. Please proceed. Jim Lucas – Janney Montgomery Scott Good morning guys. Jeff Black Good morning Jim. Jim Lucas – Janney Montgomery Scott Kevin, two numbers questions first. You give us a...
Teleflex, Inc., Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions The first question from the line of Jim Lucas with Janney Montgomery Scott, please proceed. James Lucas - Janney Montgomery Scott Thanks, good morning guys. Jeff Black Good morning Jim. Kevin Gordon Good morning Jim. James Lucas - Janney Montgomery...
Teleflex Incorporated 2009 Financial Outlook Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of James Lucas - Janney Montgomery Scott James Lucas - Janney Montgomery Scott First a little shocked with your comment about the strength in the APU markets, can you talk a bit about what you’re seeing...
Teleflex Inc. Q3 2008 Earnings Conference Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question comes from the line of Deane Dray [Goldman Sachs]. You may proceed. Deane Dray - Goldman Sachs Thank you. Good morning every one. Unidentified Company Representative Good morning, Deane. Deane Dray - Goldman Sachs My question first in the Medical side on the...
Dividend Investment Myths
Dividend Inc. submits: There is a commonly told myth that says that companies that pay a dividend misallocate funds that could be used to generate new revenue or grow the company. According to this myth the lack of growth in the company will keep the stock's price low...
Teleflex, Inc. Q2 2008 Earnings Call
Question-and-Answer Session[Operator Instructions]. And our first question comes from the line of Jim Lucas of Janney Montgomery Scott. Please proceed. James Lucas - Janney Montgomery Scott Thanks, good morning. And I appreciate all the color on the call today. Jeffrey P. Black - Chairman and Chief Executive Officer Continuous...
Teleflex Reports First Quarter 2008 Results
LIMERICK, Pa. -- Teleflex Incorporated (NYSE:TFX) today announced financial results for the first quarter ended March 30, 2008. First Quarter 2008 Financial Highlights First quarter revenues from continuing operations increased 37% to $604.5 million from $440.3 million in the first quarter of 2007 primarily as a result of...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Ernest Waaser | President, Teleflex Medical |
| Charles E. Williams | Chief Accounting Officer |
| Edward Williams Charles | Corp. Controller and Cao |
| Kevin K. Gordon | Cfo & Executive Vice President |
| Randall P. Gaboriault | CIO & Senior Vice President |
| Randy Gaboriault | CIO |
| Clark Handy | Executive Vice President,Human Resources |
| Julie McDowell | Senior Vice President, Corp Comm |
| Matthew Jennings | Senior Vice President, Corp Dev |
| Gregg Winter | Vice President, Taxes |
| Min Chen | Vice President of Corporate Business Development |
| Harold Copping | General Manager |
| Thelma A. Fretz | Director |
| C. Jeffrey Jacobs | Treasurer |
| Donald Beckman | Director |
| Judith M Von Seldeneck | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jeffrey P. Black | Chairman, President, CEO |
| James W. Zug | Chairman |
| Benson F. Smith | Board of Directors |
| George Babich | Board of Directors |
| James J. Leyden | Board of Directors |
| James V. Agnello | Board of Directors |
| Jeffrey A. Graves | Board of Directors |
| Jeffrey S. Black | Board of Directors |
| Lane Woodford | Board of Directors |
| Martin S. Headley | Board of Directors |
| Patricia C. Barron | Board of Directors |
| Stephen K. Klasko | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Chairman, President, CEO | Current |
| Teleflex Incorporated | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | President, Teleflex Medical | Current |
| Agfa Corporation | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Chief Accounting Officer | Current |
| Teleflex Incorporated | Corporate Controller | Current |
| Teleflex Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Corp. Controller and Cao | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Cfo & Executive Vice President | Current |
| Teleflex Incorporated | Senior Vice President, Corporate Development | Former |
| Teleflex Incorporated | Director , Business Development | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | CIO & Senior Vice President | Current |
| Teleflex Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | CIO | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Executive Vice President,Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Senior Vice President, Corp Comm | Current |
| Teleflex Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Senior Vice President, Corp Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Vice President, Taxes | Current |
| Teleflex Incorporated | Board of Directors | Current |
Min Chen . Mr. Chen became a Director of our company in October 2007. Since 1996, Mr. Chen has served as Vice President of Corporate Business Development for Asia at Teleflex Inc., a New York Stock Exchange-listed company. From 1992 to 1996, Mr. Chen was a professor of international business at the American Graduate School of International Management at Thunderbird School of Global Management, where he taught competitive strategy, comparative management and negotiation. During that time, he also taught as a guest lecturer at Beijing University and Singapore Nanyang Technology University, among other Asian universities.
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Vice President of Corporate Business Development | Current |
| China Henan Zhongpin Foods Co., Ltd. | Board of Directors | Current |
| Beijing University | Lecturer | Former |
| American Graduate School of International Management | Professor of International Business | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | General Manager | Current |
| QuestAir Technologies Inc. | Board of Directors | Current |
| Teleflex Incorporated | President | Former |
| Simon Fraser University | MBA | Former |
| University of British Columbia | Bachelor's Degree In Mechanical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Director | Current |
| Teleflex Incorporated | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Treasurer | Current |
| Teleflex Incorporated | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Chairman | Current |
Mr. Smith is the managing partner for the Sales Research Group, a research and consulting organization. Since January 1999, Mr. Smith has also been the Chief Executive Officer of BFS & Associates LLC, a company specializing in strategic planning and venture investing. From January 2000 until December 2005, Mr. Smith also served as a speaker and author at The Gallup Organization, a global research-based consultancy firm. Mr. Smith was formerly President, Chief Operating Officer and a member of the Board of Directors of C.R. Bard, Inc., a medical device company. Mr. Smith worked at C.R. Bard, Inc. in various capacities for 25 years until his retirement in 1998. Mr. Smith currently serves as a director of Rochester Medical Corporation, a medical device company, and Teleflex Incorporated, a specialty engineered product designer and manufacturer, as well as a board member for a variety of academic and health-related organizations. Mr. Smith received a B.A. degree from Grinnell College and was a post graduate Watson Fellow.
| Organization | Position | Status |
|---|---|---|
| Zoll Medical Corporation | Chief Executive Officer, Bfs & Associates LLC (Strategic Planning and Ventures Investing) | Current |
| Teleflex Incorporated | Board of Directors | Current |
| Zoll Medical Corporation | Director | Current |
| Rochester Medical Corporation | Board of Directors | Current |
| Teleflex Incorporated | Committee Member | Current |
| C.R. Bard, Inc. | President | Former |
| C.R. Bard, Inc. | Chief Operating Officer | Former |
| C.R. Bard, Inc. | Executive Vice President | Former |
| Sales Research Group | Founder | Former |
| Sales Research Group | Partner | Former |
| Davol Inc. | Sales Representative | Former |
| The Gallup Organization | lecturer | Former |
| National Association for Continence | Chairman of the Board | Former |
| Grinnell College | Former | |
| C.R. Bard, Inc. | member | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Pep Boys-Manny, Moe & Jack of Delaware, Inc. | President | Current |
| Checkpoint Systems, Inc. | Director | Current |
| Teleflex Incorporated | Board of Directors | Current |
| The Pep Boys-Manny, Moe & Jack | President | Former |
| The Pep Boys-Manny, Moe & Jack | Chief Financial Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Board of Directors | Current |
| Teleflex Incorporated | Chief Accounting Officer & Controller | Former |
| Clarient Inc. | Senior Vice President & Chief Financial Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Board of Directors | Current |
| Teleflex Incorporated | Committee Member | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Board of Directors | Current |
| Teleflex Incorporated | President & CEO | Former |
Judith M. von Seldeneck (age 66) Ms. von Seldeneck has served as a director of Tasty since July 1991. She is the Chairman and Chief Executive Officer of Diversified Search, Inc., a generalist executive search firm. Ms. von Seldeneck is also a director of Citizens Bank of Pennsylvania, Citizens Bank, N.A., Charter One Bank, N.A., Teleflex Incorporated, Caron Foundation, the Hyde School and the Greater Philadelphia Chamber of Commerce; and Chair of the National Association of Corporate Directors, Philadelphia Chapter.
| Organization | Position | Status |
|---|---|---|
| Diversified Search, Inc. | Chief Executive Officer | Current |
| Diversified Search, Inc. | Chairman | Current |
| Tasty Baking Company | Chairman, Diversified Search, Inc. | Current |
| Tasty Baking Company | Board of Directors | Current |
| Teleflex Incorporated | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Board of Directors | Current |
Martin S. Headley was appointed Executive Vice president and CFO in January 2008. Serving as a key member of the senior leadership team, Martin plays a central role in developing and implementing the corporate strategic plan, driving operational efficiencies, improving financial performance, and increasing the pace of profitable growth of Brooks. He reports to Robert J. Lepofsky, President and Chief Executive Officer. Prior to joining Brooks, Mr. Headley was the Executive Vice President and Chief Financial Officer for Teleflex Inc., a $2.6 billion global producer of specialty engineered products. Earlier he was instrumental in the transformation of Roper Industries, Inc. and the North American arm of McKechnie, plc as Chief Financial Officer of each firm. He began his career at Arthur Andersen & Co. serving clients throughout the world for thirteen years. Mr. Headley is qualified as a Chartered Accountant in the United Kingdom and a Certified Public Accountant in the United States. He has served on various company boards and is a member of American Institute of Certified Public Accountants.
| Organization | Position | Status |
|---|---|---|
| Brooks Automation, Inc. | Executive Vice President and Chief Financial Officer (Principal Financial Officer) | Current |
| Teleflex Incorporated | Board of Directors | Current |
| Roper Industries, Inc. | Chief Financial Officer | Former |
| Teleflex Incorporated | Chief Financial Officer | Former |
| Teleflex Incorporated | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Innovative Solutions Consulting, Inc. | Director, Chair | Current |
| McDowell Research, Ltd. | Director, Chair | Current |
| Stationary Power Services Inc | Director, Chair | Current |
| Powerbug | Director | Current |
| ARAMARK Corporation | Board of Directors | Current |
| Teleflex Incorporated | Board of Directors | Current |
| Quaker Chemical Corporation | Director | Current |
| Ultralife Batteries, Inc. | Board of Directors | Current |
| Teleflex Incorporated | Committee Member | Current |
| McKinsey & Company, Inc. | Associate | Former |
| Ultralife Batteries, Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Teleflex Incorporated | Board of Directors | Current |
| Teleflex Incorporated | Committee Member | Current |
Executive News
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Teleflex Announces Presentation Time Change at the 8th Annual Needham Life Sciences Conference
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Teleflex Announces Presentation Time Change at the 8th Annual Needham Life Sciences Conference
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Teleflex Incorporated (TFX) to Present at the 8th Annual Needham Life Sciences Conference
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Teleflex to Present at the 8th Annual Needham Life Sciences Conference
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Teleflex to Present at the Goldman Sachs 30th Annual Global Healthcare Conference
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Teleflex to Present at the Goldman Sachs 30th Annual Global Healthcare Conference
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