LIMERICK PA – Revenues were down slightly for the first quarter of 2010 at Teleflex Inc., headquartered on Lewis Road in Limerick PA, the company reported in an April 27 (2010) press release, but it added that a decline in overall core revenue was countered by favorable currency fluctuations.
Teleflex said its 1Q2010 revenues were $436.5 million, down 1 percent compared to $440.1 million in the prior-year quarter. Core revenue in the company’s medical segment stayed the same; aerospace and commercial segments had core revenue declines of 20 percent and 6 percent, respectively. The decline in overall core revenue was offset by a favorable currency impact of 3 percent, it said.
“During the first quarter we delivered sales growth in many of our medical product areas, expanded consolidated gross margins by over 200 basis points, and continued to invest in research and development to drive future growth,” Chairman and CEO Jeffrey P. Black said.
Teleflex is a provider of medical technology products that employs about 12,600 people worldwide, also has niche businesses that serve segments of the aerospace and commercial markets with specialty engineered products.
Share this article. Got business news for us? E-mail The Post.
Visit our other publications: The Sanatoga Post | The Limerick Post | The Pottstown Post