Exhibit 99.3
TELEFLEX INCORPORATED AND SUBSIDIARIES
Pro Forma Consolidated Segment Results of Operations
To Reflect Discontinued Operations
(Unaudited)
Pro Forma Consolidated Segment Results of Operations
To Reflect Discontinued Operations
(Unaudited)
| For the Year Ended December 31, | ||||||||||||
| 2009 | 2008 | 2007 | ||||||||||
| (Dollars in thousands) | ||||||||||||
| Net revenues: | ||||||||||||
| Medical | $ | 1,434,885 | $ | 1,475,621 | $ | 1,018,975 | ||||||
| Aerospace | 185,126 | 253,818 | 197,813 | |||||||||
| Commercial | 247,828 | 313,804 | 335,920 | |||||||||
| Segment net revenues | $ | 1,867,839 | $ | 2,043,243 | $ | 1,552,708 | ||||||
| Operating profit: | ||||||||||||
| Medical | $ | 302,607 | $ | 282,997 | $ | 179,898 | ||||||
| Aerospace | 15,433 | 26,067 | 18,253 | |||||||||
| Commercial | 15,245 | 26,078 | 32,051 | |||||||||
Segment operating profit(1) | 333,285 | 335,142 | 230,202 | |||||||||
| Less: Corporate expenses | 42,756 | 46,767 | 48,977 | |||||||||
| 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 | ||||||||
| Noncontrolling interest | (1,157 | ) | (747 | ) | (459 | ) | ||||||
| Income from continuing operations before interest and taxes | $ | 267,304 | $ | 261,717 | $ | 140,705 | ||||||
| (1) | Segment operating profit includes a segment’s net revenues reduced by its materials, labor and other product costs along with the segment’s selling, engineering and administrative expenses and noncontrolling interest. Unallocated corporate expenses, net loss (gain) on sales of businesses and assets, restructuring and other impairment charges, interest income and expense and taxes on income are excluded from the measure. |
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TELEFLEX INCORPORATED AND SUBSIDIARIES
Pro Forma Consolidated Segment Results of Operations
To Reflect Discontinued Operations
(Unaudited)
Pro Forma Consolidated Segment Results of Operations
To Reflect Discontinued Operations
(Unaudited)
| For the Three Months Ended — 2009 Quarters | ||||||||||||||||
| March 29 | June 28 | September 27 | December 31 | |||||||||||||
| (Dollars in thousands) | ||||||||||||||||
| Net revenues: | ||||||||||||||||
| Medical | $ | 334,785 | $ | 358,278 | $ | 350,576 | $ | 391,246 | ||||||||
| Aerospace | 43,729 | 36,961 | 45,847 | 58,589 | ||||||||||||
| Commercial | 61,554 | 66,866 | 59,756 | 59,652 | ||||||||||||
| Segment net revenues | $ | 440,068 | $ | 462,105 | $ | 456,179 | $ | 509,487 | ||||||||
| Operating profit: | ||||||||||||||||
| Medical | $ | 69,412 | $ | 77,792 | $ | 73,159 | $ | 82,244 | ||||||||
| Aerospace | 3,037 | 1,020 | 4,554 | 6,822 | ||||||||||||
| Commercial | 2,036 | 4,844 | 4,649 | 3,716 | ||||||||||||
Segment operating profit(1) | 74,485 | 83,656 | 82,362 | 92,782 | ||||||||||||
| Less: Corporate expenses | 10,965 | 10,397 | 8,972 | 12,422 | ||||||||||||
| 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 | — | — | — | ||||||||||||
| Noncontrolling interest | (236 | ) | (302 | ) | (305 | ) | (314 | ) | ||||||||
| Income from continuing operations before interest and taxes | $ | 58,696 | $ | 60,667 | $ | 68,912 | $ | 79,029 | ||||||||
| (1) | Segment operating profit includes a segment’s net revenues reduced by its materials, labor and other product costs along with the segment’s selling, engineering and administrative expenses and noncontrolling interest. Unallocated corporate expenses, net loss on sales of businesses and assets, restructuring and other impairment charges, interest income and expense and taxes on income are excluded from the measure. |
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