Teleflex (TFX) Q4 2025 Earnings Call Transcript

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Thursday, February 26, 2026 astatine 8 a.m. ET

• Interim Chief Executive Officer — Stuart Randall

• Chief Financial Officer — John R. Deren

• Head of Investor Relations — Lawrence Keusch

Stuart Randall: As a reminder, the committee made its determination to modulation the Chief Executive Officer presumption pursuing the announced merchantability of our acute attraction interventional urology and OEM businesses, and arsenic Teleflex enters its adjacent signifier arsenic a much focused, higher maturation organization. We stay grateful for Liam J. Kelly’s impactful enactment and the important contributions helium made during his tenure. The committee is actively conducting a CEO hunt with the enactment of Spencer Stuart, a starring enforcement hunt steadfast who is evaluating outer candidates.

While we are moving with urgency, we are taking a disciplined and thorough attack to guarantee we place the close person with the acquisition and capabilities to usher Teleflex successful the future, and ensuring continuity crossed the organization. At the aforesaid time, it is captious that we support momentum crossed our strategical priorities during this modulation period. As interim CEO, my contiguous absorption is connected execution. In January, I stepped into the relation of interim CEO, and I bring much than 3 decades of acquisition successful the aesculapian instrumentality and wellness attraction industry.

By mode of background, I person had the privilege of serving connected Teleflex’s committee since 2009, moving intimately with our enactment squad to support the concern moving guardant aligned with our strategical objectives. With that context, fto maine grow connected the cardinal elements of our strategy. In December, we signed definitive agreements to merchantability the acute care, interventional urology, and OEM businesses to 2 abstracted buyers. The strategical divestitures volition effect successful full currency proceeds of $2.03 cardinal with nett after-tax proceeds of astir $1.8 billion. As an update, we are moving done the regulatory and different conditions to closing and proceed to expect the income to adjacent successful 2026. To beryllium clear, our worth instauration strategy is unchanged.

And we mean to usage these nett proceeds to instrumentality important superior to shareholders done our antecedently announced stock repurchase authorization of up to $1.0 cardinal portion besides reducing indebtedness to heighten our fiscal flexibility and enactment aboriginal maturation and worth creation. These planned actions awesome our committedness to disciplined superior allocation and shareholder returns. We volition proceed to measure further opportunities to instrumentality superior to shareholders arsenic appropriate, accordant with our absorption connected semipermanent worth creation. We are positioning Teleflex arsenic a aesculapian technologies person with accrued flexibility to put successful innovation, and vie successful these precedence markets.