Teleflex (TFX) Tops Q1 EPS by 3c; Appoints New COO

Teleflex (NYSE: TFX) reported Q1 EPS of $1.30, $0.03 better than the analyst estimate of $1.27. Revenue for the quarter came in at $429.4 million versus the consensus estimate of $433.44 million.

Teleflex reaffirmed FY2015 guidance.

Teleflex also announced the promotion of Liam Kelly to the newly created role of Chief Operating Officer. Mr. Kelly was Executive Vice President and President of the Americas and has been in executive roles with increasing responsibilities since joining Teleflex in 2009. Prior to being named President of the Americas in early 2014, Mr. Kelly was Executive Vice President and President of the International operations. Prior to joining Teleflex, Mr. Kelly held various senior level positions at a global medical device company from 2002 to 2009.

In his new role, Mr. Kelly will be responsible for the global commercial strategy of the Company as head of the Americas, Asia Pacific and Europe, Middle East and Africa regions. Mr. Kelly’s primary focus in this new role will be managing the Company’s sales, marketing and research and development functions, and identifying opportunities for cross business investments and collaboration in these and other areas.

In announcing the promotion, Benson Smith, Chief Executive Officer, said, “We are pleased to announce Liam’s promotion to the newly created position of Chief Operating Officer of Teleflex. As our industry continues to evolve Teleflex is committed to being at the forefront in organizational efficiency. Given his industry experience and significant accomplishments in his six years at Teleflex, Liam is the perfect leader for this position. He is a genuine reflection of our belief in cultivating leadership from our strong internal senior management team.”

For earnings history and earnings-related data on Teleflex (TFX) click here.

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