Teleflex (TFX) 8-K Results of Operations and Financial Condition

Exhibit 99.1

TELEFLEX INCORPORATED AND SUBSIDIARIES
Adjusted Statements of Income
To Reflect Discontinued Operations
(Unaudited)

	For the Year Ended December 31,
	2008			2007			2006
	(Dollars and shares in thousands, except per share)
Net revenues	$	2,066,731		$	1,575,082		$	1,327,969
Materials, labor and other product costs		1,211,726			983,313			832,415
Gross profit	$	855,005		$	591,769		$	495,554
Selling, engineering and administrative expenses		562,644			407,291			340,506
In-process research and development charge		—			30,000			—
Goodwill impairment		—			2,448			1,003
Restructuring and other impairment charges		27,701			7,421			19,275
Net (gain) loss on sales of businesses and assets		(296	)		1,110			732
Income from continuing operations before interest and taxes		264,956			143,499			134,038
Interest expense, net		119,316			65,221			33,713
Income from continuing operations before taxes		145,640			78,278			100,325
Taxes on income from continuing operations		47,524			109,933			30,568
Income (loss) from continuing operations		98,116			(31,655	)		69,757
Operating income from discontinued operations (including net (loss) gain on disposal of $(8,238), $299,456, and $182, respectively)		67,099			382,716			118,219
Taxes on income from discontinued operations		10,613			173,899			23,589
Income from discontinued operations		56,486			208,817			94,630
Net income		154,602			177,162			164,387
Less: Net income (loss) attributable to noncontrolling interest		747			525			(314	)
Income from discontinued operations attributable to noncontrolling interest		34,081			30,153			25,271
Net income attributable to common shareholders	$	119,774		$	146,484		$	139,430
Earnings per share available to common shareholders:
Basic:
Income (loss) from continuing operations	$	2.46		$	(0.82	)	$	1.76
Income from discontinued operations	$	0.57		$	4.55		$	1.74
Net income	$	3.03		$	3.73		$	3.51
Diluted:
Income (loss) from continuing operations	$	2.44		$	(0.82	)	$	1.75
Income from discontinued operations	$	0.56		$	4.55		$	1.73
Net income	$	3.01		$	3.73		$	3.49
Weighted average common shares outstanding:
Basic		39,584			39,259			39,760
Diluted		39,832			39,259			39,988
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	$	97,369		$	(32,180	)	$	70,071
Discontinued operations, net of tax		22,405			178,664			69,359
Net income	$	119,774		$	146,484		$	139,430

These discontinued operations have not historically been separately identified, consolidated and audited as presented in this schedule.

Certain financial information is presented on a rounded basis, which may cause minor differences.

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TELEFLEX INCORPORATED AND SUBSIDIARIES
Adjusted Statements of Income
To Reflect Discontinued Operations
(Unaudited)

	2009 Quarters					2009 Year to Date
	March 29		June 28			June 28
	(Dollars and shares in thousands, except per share)
Net revenues	$	445,825	$	467,755		$	913,580
Materials, labor and other product costs		255,612		264,173			519,785
Gross profit		190,213		203,582			393,795
Selling, engineering and administrative expenses		125,645		129,336			254,981
Goodwill impairment		—		6,728			6,728
Restructuring and other impairment charges		2,463		6,166			8,629
Net loss on sales of businesses and assets		2,597		—			2,597
Income from continuing operations before interest and taxes		59,508		61,352			120,860
Interest expense, net		25,184		20,538			45,722
Income from continuing operations before taxes		34,324		40,814			75,138
Taxes on income from continuing operations		9,227		6,295			15,522
Income from continuing operations		25,097		34,519			59,616
Operating income (loss) from discontinued operations (including net gain on disposal of $275,787 for the three months ended March 29 and six months ended June 28)		300,763		(27,334	)		273,429
Taxes on income from discontinued operations		100,253		413			100,666
Income (loss) from discontinued operations		200,510		(27,747	)		172,763
Net income		225,607		6,772			232,379
Less: Net income attributable to noncontrolling interest		236		302			538
Income from discontinued operations attributable to noncontrolling interest		9,860		—			9,860
Net income attributable to common shareholders	$	215,511	$	6,470		$	221,981
Earnings per share available to common shareholders:
Basic:
Income from continuing operations	$	0.63	$	0.86		$	1.49
Income (loss) from discontinued operations	$	4.80	$	(0.70	)	$	4.10
Net income	$	5.43	$	0.16		$	5.59
Diluted:
Income from continuing operations	$	0.62	$	0.86		$	1.48
Income (loss) from discontinued operations	$	4.78	$	(0.70	)	$	4.08
Net income	$	5.40	$	0.16		$	5.56
Weighted average common shares outstanding:
Basic		39,692		39,717			39,704
Diluted		39,876		39,921			39,899
Amounts attributable to common shareholders:
Income from continuing operations, net of tax	$	24,861	$	34,217		$	59,078
Discontinued operations, net of tax		190,650		(27,747	)		162,903
Net income	$	215,511	$	6,470		$	221,981

These discontinued operations have not historically been separately identified, consolidated and audited as presented in this schedule.

Certain financial information is presented on a rounded basis, which may cause minor differences.

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