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

Exhibit 99.1

TELEFLEX INCORPORATED AND SUBSIDIARIES
Pro Forma Condensed Consolidated Statements of Income
To Reflect Discontinued Operations
(Unaudited)

	For the Year Ended December 31,
	2009		2008			2007
	(Dollars and shares in thousands, except per share)
Net revenues	$	1,867,839	$	2,043,243		$	1,552,708
Materials, labor and other product costs		1,060,509		1,195,601			967,876
Gross profit		807,330		847,642			584,832
Selling, engineering and administrative expenses		515,644		558,520			403,148
In-process research and development charge		—		—			30,000
Goodwill impairment		6,728		—			2,448
Restructuring and other impairment charges		15,057		27,701			7,421
Net loss (gain) on sales of businesses and assets		2,597		(296	)		1,110
Income from continuing operations before interest and taxes		267,304		261,717			140,705
Interest expense, net		86,928		119,317			65,225
Income from continuing operations before taxes		180,376		142,400			75,480
Taxes on income from continuing operations		38,950		46,361			108,904
Income (loss) from continuing operations		141,426		96,039			(33,424	)
Operating income from discontinued operations (including net gain (loss) on disposal of $272,307, $(8,238), and $299,456, respectively)		271,692		70,339			385,514
Taxes on income from discontinued operations		99,107		11,776			174,928
Income from discontinued operations		172,585		58,563			210,586
Net income		314,011		154,602			177,162
Less: Net income attributable to noncontrolling interest		1,157		747			459
Income from discontinued operations attributable to noncontrolling interest		9,860		34,081			30,219
Net income attributable to common shareholders	$	302,994	$	119,774		$	146,484
Earnings per share available to common shareholders:
Basic:
Income (loss) from continuing operations	$	3.53	$	2.41		$	(0.86	)
Income from discontinued operations	$	4.10	$	0.62		$	4.59
Net income	$	7.63	$	3.03		$	3.73
Diluted:
Income (loss) from continuing operations	$	3.51	$	2.39		$	(0.86	)
Income from discontinued operations	$	4.07	$	0.61		$	4.59
Net income	$	7.59	$	3.01		$	3.73
Weighted average common shares outstanding:
Basic		39,718		39,584			39,259
Diluted		39,936		39,832			39,259
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	$	140,269	$	95,292		$	(33,883	)
Income from discontinued operations, net of tax		162,725		24,482			180,367
Net income	$	302,994	$	119,774		$	146,484

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
Pro Forma Condensed Consolidated Statements of Income
To Reflect Discontinued Operations
(Unaudited)

	For the Three Months Ended — 2009 Quarters
	March 29		June 28			September 27			December 31
	(Dollars and shares in thousands, except per share)
Net revenues	$	440,068	$	462,105		$	456,179		$	509,487
Materials, labor and other product costs		251,614		260,302			257,143			291,450
Gross profit		188,454		201,803			199,036			218,037
Selling, engineering and administrative expenses		124,698		128,242			125,341			137,363
Goodwill impairment		—		6,728			—			—
Restructuring and other impairment charges		2,463		6,166			4,783			1,645
Net loss on sales of businesses and assets		2,597		—			—			—
Income from continuing operations before interest and taxes		58,696		60,667			68,912			79,029
Interest expense, net		25,188		20,540			20,841			20,359
Income from continuing operations before taxes		33,508		40,127			48,071			58,670
Taxes on income from continuing operations		8,912		6,029			13,467			10,542
Income from continuing operations		24,596		34,098			34,604			48,128
Operating income (loss) from discontinued operations (including gain on disposal of $275,787 for the three months ended March 29 and loss on disposal of $(3,480) for the three months ended September 27)		301,579		(26,647	)		(3,499	)		259
Taxes (benefit) on income from discontinued operations		100,568		679			(7,512	)		5,372
Income (loss) from discontinued operations		201,011		(27,326	)		4,013			(5,113	)
Net income		225,607		6,772			38,617			43,015
Less: Net income attributable to noncontrolling interest		236		302			305			314
Income from discontinued operations attributable to noncontrolling interest		9,860		—			—			—
Net income attributable to common shareholders	$	215,511	$	6,470		$	38,312		$	42,701
Earnings per share available to common shareholders:
Basic:
Income from continuing operations	$	0.61	$	0.85		$	0.86		$	1.20
Income (loss) from discontinued operations	$	4.82	$	(0.69	)	$	0.10		$	(0.13	)
Net income	$	5.43	$	0.16		$	0.96		$	1.07
Diluted:
Income from continuing operations	$	0.61	$	0.85		$	0.86		$	1.19
Income (loss) from discontinued operations	$	4.79	$	(0.68	)	$	0.10		$	(0.13	)
Net income	$	5.40	$	0.16		$	0.96		$	1.07
Weighted average common shares outstanding:
Basic		39,692		39,717			39,724			39,740
Diluted		39,876		39,921			39,932			40,013
Amounts attributable to common shareholders:
Income from continuing operations, net of tax	$	24,360	$	33,796		$	34,299		$	47,814
Income (loss) from discontinued operations, net of tax		191,151		(27,326	)		4,013			(5,113	)
Net income	$	215,511	$	6,470		$	38,312		$	42,701

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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