EX-99.3 4 c89796exv99w3.htm EXHIBIT 99.3 Exhibit 99.3
Exhibit 99.3
TELEFLEX INCORPORATED AND SUBSIDIARIES
Adjusted Segment Results of Operations
To Reflect Discontinued Operations
(Unaudited)
                         
    For the Year Ended December 31,  
    2008     2007     2006  
    (Dollars in thousands)  
Net revenues:
                        
Medical
   $ 1,499,109     $ 1,041,349     $ 858,676  
Aerospace
     253,818       197,813       155,037  
Commercial
     313,804       335,920       314,256  
 
                  
Segment net revenues
   $ 2,066,731     $ 1,575,082     $ 1,327,969  
 
                  
Operating profit:
                        
Medical
   $ 286,330     $ 182,636     $ 161,707  
Aerospace
     26,067       18,253       13,605  
Commercial
     26,078       32,051       28,928  
 
                  
Segment operating profit(1)
     338,475       232,940       204,240  
Less: Corporate expenses
     46,861       48,987       48,878  
In process research & 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  
Noncontrolling interest
     (747 )     (525 )     314  
 
                  
Income from continuing operations before interest and taxes
   $ 264,956     $ 143,499     $ 134,038  
 
                  
     
(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 (gain) 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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TELEFLEX INCORPORATED AND SUBSIDIARIES
Adjusted Segment Results of Operations
To Reflect Discontinued Operations
(Unaudited)
                         
    2009 Quarters     2009 Year to Date  
    March 29     June 28     June 28  
    (Dollars in thousands)  
Net revenues:
                        
Medical
   $ 340,542     $ 363,928     $ 704,470  
Aerospace
     43,729       36,961       80,690  
Commercial
     61,554       66,866       128,420  
 
                  
Segment net revenues
   $ 445,825     $ 467,755     $ 913,580  
 
                  
Operating profit:
                        
Medical
   $ 70,193     $ 78,575     $ 148,768  
Aerospace
     3,037       1,020       4,057  
Commercial
     2,036       4,844       6,880  
 
                  
Segment operating profit(1)
     75,266       84,439       159,705  
Less: Corporate expenses
     10,934       10,495       21,429  
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  
Noncontrolling interest
     (236 )     (302 )     (538 )
 
                  
Income from continuing operations before interest and taxes
   $ 59,508     $ 61,352     $ 120,860  
 
                  
     
(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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