-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MR1Ex38zNEADsfyEK+5YsOuIsRDSnyIO5pws9rjNTTBNhj8UrP/CjD+U/rpfvrpy
 hTev5dBVJjDxaka1ExGNgw==

<SEC-DOCUMENT>0000893220-03-000686.txt : 20030422
<SEC-HEADER>0000893220-03-000686.hdr.sgml : 20030422
<ACCEPTANCE-DATETIME>20030422172848
ACCESSION NUMBER:		0000893220-03-000686
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20030422
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELEFLEX INC
		CENTRAL INDEX KEY:			0000096943
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				231147939
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1227

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05353
		FILM NUMBER:		03658864

	BUSINESS ADDRESS:	
		STREET 1:		630 W GERMANTOWN PK STE 450
		STREET 2:		SUITE 450
		CITY:			PLYMOUTH MEETING
		STATE:			PA
		ZIP:			19462
		BUSINESS PHONE:		2158346301

	MAIL ADDRESS:	
		STREET 1:		630 WEST GERMANTOWN PIKE
		STREET 2:		SUITE 450
		CITY:			PLYMOUTH MEETING
		STATE:			PA
		ZIP:			19462
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>w85742e8vk.txt
<DESCRIPTION>TELEFLEX, INC. FORM 8-K
<TEXT>
<PAGE>
                                                             OMB APPROVAL
                                                        OMB Number: 3235-0060
                                                        Expires: March 31, 2003
                                                        Estimated average burden
                                                        hours per response: 1.25



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                   DATE OF REPORT (DATE OF EARLIEST REPORTED)

Date of Report (Date of earliest reported)           April 22, 2003

                              TELEFLEX INCORPORATED
             (Exact name of registrant as specified in its chapter)


          Delaware                       1-5353                   23-1147939
(State or other jurisdiction           (Commission              (IRS Employer
      of incorporation                File Number)           Identification No.)


        630 West Germantown Pike
                Suite 450
          Plymouth Meeting, PA                                        19462
(Address of principal executive offices)                           (Zip Code)


Registrant's telephone number, including area code:   (610) 834-6301

           ----------------------------------------------------------
          (Former name or former address, if changed since last report)
<PAGE>
ITEM 7(C).  EXHIBITS

                  99.1     Press Release of Teleflex Incorporated dated April
                           16, 2003 reporting Teleflex Incorporated's financial
                           results for the first quarter of 2003.

                  99.2     Summary of April 17, 2003 Conference Call with
                           Analysts and Investors.

ITEM 9.  REGULATION FD DISCLOSURE; AND

ITEM 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

                  On April 16, 2003, Teleflex Incorporated issued a press
release announcing its financial results for the first quarter of 2003.

                  A copy of the press release and the summary of conference call
are furnished as Exhibits 99.1 and 99.2 to this report and are incorporated
herein by reference.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                  TELEFLEX INCORPORATED

                                                  /s/ Joan W. Schwartz
                                                  -----------------------------
                                                  JOAN W. SCHWARTZ
                                                  ASSOCIATE GENERAL COUNSEL AND
                                                  ASSISTANT SECRETARY

DATE: APRIL 22, 2003

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>w85742exv99w1.txt
<DESCRIPTION>PRESS RELEASE DATED APRIL 16, 2003
<TEXT>
<PAGE>
                        Julie McDowell
                        Vice President, Corporate Communications
                        610-834-6301


FOR IMMEDIATE RELEASE                                             April 16, 2003

                 TELEFLEX ANNOUNCES FIRST QUARTER 2003 RESULTS;
                      REVENUES INCREASED 7% TO $546 MILLION

Plymouth Meeting, PA -- Teleflex Incorporated (NYSE: TFX) announced today that
revenues for the first quarter ended March 30, 2003 increased 7% to $546.2
million compared to $508.4 million for the prior year. Net income in the quarter
was $29.2 million and diluted earnings per share were 74 cents compared with 77
cents for the same period a year ago. During the quarter, the company completed
the sale of an investment resulting in a pre-tax gain of $3.1 million, or 5
cents per share after tax.

         "Teleflex produced increased revenues for the first quarter based on
strong performances in our Commercial and Medical businesses," stated Jeffrey P.
Black, president and chief executive officer. "Our Commercial Segment increased
revenues and operating profit across all three product lines with solid
increases in sales of Automotive and Industrial products and our Medical Segment
continued to grow with strong demand for Health Care Supply products. At the
same time, our Aerospace businesses addressed difficult market conditions and
results were negatively impacted by facility closures and sharply reduced
volumes in the Industrial Gas Turbine product lines."

         Mr. Black added, "Overall, Teleflex businesses executed well in a tough
environment. We continue to expect revenues and earnings will increase at a
single digit percentage rate in 2003 with improved performance as new products
are launched during the year."

         For the quarter, Commercial Segment sales increased 13% over last year
with gains across the Automotive, Industrial and Marine product lines.
Automotive and Industrial product lines reported double digit sales increases,
while Marine sales increased modestly. Automotive sales benefited from a
stronger Euro and increased volume in the adjustable pedal line. Industrial
sales increased primarily as a result of acquisitions. Marine sales improved
slightly with increased sales to original equipment manufacturers and of
non-marine products. Commercial operating profit was up 13% with

                                     (MORE)
<PAGE>
all three product lines reporting improvement. Operating profit improved
primarily on volume increases in all three product lines and prior year cost and
capacity reduction efforts in the Automotive product line.

         Medical Segment sales and operating profit rose 10% in the first
quarter. Health Care Supply reported higher sales due largely to currency
effects and, to a lesser extent, increased volumes for anesthesia products.
Surgical Devices sales improved slightly as a result of an acquisition. In
Health Care Supply, operating profit and margin improved in the quarter as a
result of higher volumes and the continuing shift to manufacturing in lower cost
countries. Operating profit in Surgical Devices was relatively flat and margins
declined as a result of product mix.

         Aerospace Segment sales declined 5% in the quarter and operating profit
decreased over 80% as the commercial aerospace and power generation markets
remained under pressure. Lower sales in Industrial Gas Turbine Services were
partially offset by gains in Repair Services and Cargo Systems. Operating profit
declined on the significantly lower volume in Industrial Gas Turbine Services
and costs related to the closing of three facilities.

         Cash flow from operations in the first quarter was $27.2 million
compared to $28.3 million a year ago. The balance sheet continues to provide a
strong foundation for growth with total debt to capitalization of 32%.

         As previously announced, Teleflex will comment on first quarter 2003
results on a conference call to be held Thursday, April 17, at 11:15 a.m. (ET).
The call will be archived and available on the company's website,
WWW.TELEFLEX.COM.

The figures are as follows:

                  COMPARATIVE SUMMARY OF REVENUES AND EARNINGS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                     PERCENT
THREE MONTHS ENDED            MARCH 30, 2003              MARCH 31, 2002              CHANGE
- ------------------            --------------              --------------              ------
<S>                           <C>                         <C>                        <C>
Sales
     Commercial                 $299,811,000                $265,752,000                 13%
     Medical                     118,145,000                 107,303,000                 10%
     Aerospace                   128,265,000                 135,341,000                 (5%)
                                ------------                ------------
           Total                $546,221,000                $508,396,000                  7%

Operating profit
     Commercial                  $29,127,000                 $25,704,000                 13%
     Medical                      19,047,000                  17,367,000                 10%
     Aerospace                     1,913,000                  11,429,000                (83%)
                                ------------                ------------
           Total                 $50,087,000                 $54,500,000                 (8%)
</TABLE>

                                     (MORE)
<PAGE>
            COMPARATIVE SUMMARY OF REVENUES AND EARNINGS (CONTINUED)
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                        PERCENT
THREE MONTHS ENDED                             MARCH 30, 2003            MARCH 31, 2002                 CHANGE
                                                -----------               -----------                 -----------
<S>                                            <C>                       <C>                          <C>
Less:
     Interest expense                             6,565,000                 6,036,000                        9%
     Corporate expenses                           5,055,000                 4,570,000                       11%
     Non-operating gain                          (3,068,000)                       --                       --
                                                -----------               -----------
Income before taxes                              41,535,000                43,894,000                       (5%)
Taxes on income                                  12,294,000                13,476,000                       (9%)
                                                -----------               -----------
Net income                                      $29,241,000               $30,418,000                       (4%)
                                                ===========               ===========
Earnings per share:
     Basic                                             $.74                      $.78                       (5%)
     Diluted                                           $.74                      $.77                       (4%)
Average common shares outstanding:
     Basic                                       39,446,000                39,038,000
     Diluted                                     39,700,000                39,638,000
</TABLE>

                      CONDENSED CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                      MARCH 30, 2003           DECEMBER 29, 2002
                                                      --------------            --------------
<S>                                                   <C>                      <C>
ASSETS
Current assets
     Cash and cash equivalents                           $43,102,000               $44,494,000
     Accounts receivable, net                            444,576,000               401,888,000
     Inventories                                         394,037,000               365,535,000
     Prepaid expenses                                     27,329,000                25,978,000
                                                      --------------            --------------
                                                         909,044,000               837,895,000

Property, plant and equipment, net                       611,605,000               604,241,000
Goodwill                                                 276,873,000               257,999,000
Intangibles and other assets                              76,592,000                68,810,000
Investments in affiliates                                 37,674,000                44,439,000
                                                      --------------            --------------
                                                      $1,911,788,000            $1,813,384,000
                                                      ==============            ==============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
     Current  borrowings                                $220,817,000              $182,776,000
     Accounts payable and accrued expenses               293,640,000               276,938,000
     Income taxes payable                                 49,088,000                38,769,000
                                                      --------------            --------------
                                                         563,545,000               498,483,000

Long-term borrowings                                     226,810,000               240,123,000
Deferred income taxes and other                          171,757,000               162,497,000
                                                      --------------            --------------
                                                         962,112,000               901,103,000

Shareholders' equity                                     949,676,000               912,281,000
                                                      --------------            --------------
                                                      $1,911,788,000            $1,813,384,000
                                                      ==============            ==============
</TABLE>

                                     (MORE)
<PAGE>
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
THREE MONTHS ENDED                                   MARCH 30, 2003           MARCH 31, 2002
                                                      -----------              -----------
<S>                                                  <C>                      <C>
Cash flows from operating activities                  $27,177,000              $28,300,000

Cash flows from financing activities:
     Reduction in long-term borrowings                 (6,292,000)              (9,933,000)
     Increase in current borrowings
       and demand loans                                25,206,000               21,481,000
     Stock compensation plans                             476,000                5,951,000
     Dividends                                         (7,100,000)              (6,627,000)
                                                      -----------              -----------
                                                       12,290,000               10,872,000
                                                      -----------              -----------
Cash flows from investing activities:
     Expenditures for plant assets                    (21,831,000)             (22,523,000)
     Payments for businesses acquired                 (22,916,000)              (9,742,000)
     Proceeds from the sale of businesses
       and other                                        3,888,000               (1,990,000)
                                                      -----------              -----------
                                                      (40,859,000)             (34,255,000)
                                                      -----------              -----------
Net (decrease) increase in cash and
     cash equivalents                                  (1,392,000)               4,917,000
Cash and cash equivalents at the
     beginning of the period                           44,494,000               46,900,000
                                                      -----------              -----------
Cash and cash equivalents at the
     end of the period                                $43,102,000              $51,817,000
                                                      ===========              ===========
</TABLE>

TELEFLEX AT A GLANCE:

Teleflex is a diversified industrial company with annual revenues of more than
$2 billion. The company designs, manufactures and distributes quality engineered
products and services for the aerospace, medical, automotive, marine and
industrial markets worldwide. Teleflex employs more than 18,000 people worldwide
who focus on providing innovative solutions for customers. Additional
information about Teleflex, including a recent archived conference call with
analysts and investors, can be obtained from the company's website on the
Internet at WWW.TELEFLEX.COM.

FORWARD-LOOKING INFORMATION:

Statements in this news release, other than historical data, are considered
forward-looking statements under the Private Securities Litigation Reform Act of
1995. These statements are subject to various risks and uncertainties that could
cause actual results to differ from those contemplated in the statements. These
factors are discussed in the company's Securities and Exchange Commission
filings.

                                      -30-

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>w85742exv99w2.txt
<DESCRIPTION>SUMMARY OF APRIL 17, 2003 CONFERENCE CALL
<TEXT>
<PAGE>
                                                                    EDITED BRIEF

CCBN StreetEvents

Event Brief

TFX - Q1 2003 Teleflex, Incorporated Earnings Conference Call

Event Date/Time: Apr. 17. 2003 / 11:15AM ET
Event Duration: 41 min



Overview:

Medical and commercial segments were up, while aerospace segment was down. EPS
was down 4% in 1Q03, as the aerospace decline outpaced the positive performances
in the other segments. The revenue growth of 7% comprised 4% from acquisitions,
5% from currency translation, and a decline in the core business of 2%. Q&A
Focus: Aerospace, outlook and working capital.


<TABLE>
<S>                        <C>                          <C>                    <C>                      <C>
CCBN StreetEvents          streetevents@ccbn.com        617.603.7900           www.streetevents.com     1
</TABLE>
<PAGE>
                                                                    EDITED BRIEF

Apr. 17. 2003 / 11:15AM, TFX - Q1 2003 Teleflex,
Incorporated Earnings Conference Call Brief

CORPORATE PARTICIPANTS

Jeffrey Black
Teleflex Incorporated - President & CEO
Harold Zuber
Teleflex Incorporated - EVP & CFO
Julie McDowell
Teleflex Incorporated - VP Corporate Communications

OVERVIEW

Medical and commercial segments were up, while aerospace segment was down. EPS
was down 4% in 1Q03, as the aerospace decline outpaced the positive performances
in the other segments. The revenue growth of 7% comprised 4% from acquisitions,
5% from currency translation, and a decline in the core business of 2%. Q&A
Focus: Aerospace, outlook and working capital.

FINANCIAL DATA

1. Sales in 1Q03 = $546m.
2. Net income = $29.2m.
3. EPS = $0.74.

Presentation Summary:  16 min
I. REVIEW OF 1Q03 (H.Z.)

   A. HIGHLIGHTS:

            1. Sales increased in 1Q03 to $546m, up 7%.

            2. Net income was $29.2m.

            3. EPS was $0.74 vs. $0.77 in the prior year.

            a.    Included in $0.74 is a $0.05 gain from the sale of a non-core
                  equity investment.

      4.    Medical and commercial segments were up, while aerospace segment was
            down.

      5.    EPS was down 4% in 1Q03, as the aerospace decline outpaced the
            positive performances in the other segments.

      6.    The revenue growth of 7% comprised 4% from acquisitions, 5% from
            currency translation, and a decline in the core business of 2%.

            a.    The core decline was driven by the industrial gas turbine
                  product line in the aerospace segment.

      7.    International operations accounted for 46% of sales in 1Q03 and 48%
            of operating profit.

      8.    Stronger local currencies, primarily Euro added 5% to the topline
            and 3% to the operating profit, making translations slightly
            dilutive to operating margins.

      9.    Gross profit, as a percent of sales, was 26% and SG&A, as a percent
            of sales, was 16.9%.

      10.   The co.'s financial position remained strong with debt to total
            capital at 32%.

      11.   Cash flow from operations of $27m was relatively flat with 1Q02.

            a.    1Q has historically suffered as a result of the seasonal
                  nature in several of the co.'s businesses.

      12.   Receivables were a little slow because of the increased European
            mix, particularly in medical.

   B. ISSUES IN AIRLINE INDUSTRY:

      1.    The co. does business of about $30-35m directly with airlines around
            the world.

      2.    Through this recent spate of bankruptcies, the co. has suffered
            approx. $250,000 in losses.

      3.    In terms of size, the co. has about $75,000 outstanding with AMR
            currently.

   C. AEROSPACE SEGMENT:

      1.    In aerospace, the 5% decline in sales in attributable ironically not
            to the aerospace lines, but for the industrial gas turbine business.

<TABLE>
<S>                        <C>                          <C>                    <C>                      <C>
CCBN StreetEvents          streetevents@ccbn.com        617.603.7900           www.streetevents.com     2
</TABLE>
<PAGE>
                                                                    EDITED BRIEF

Apr. 17. 2003 / 11:15AM, TFX - Q1 2003 Teleflex,
Incorporated Earnings Conference Call Brief


      2.    Telair, with the delivery of three main deck systems and repairs,
            with the addition of new services experienced gains in 1Q03.

      3.    The manufacturing group was flat.

      4.    Given the severity of the market declines in aerospace, roughly
            15-20% and power gen, over 60%, the relatively better performance
            was encouraging for the next upturn.

      5.    Backlog remained at about $250m, constant with year-end.

      6.    Operating profit in aerospace was primarily impacted by the steep
            volume in IGT and to a lesser extent, the squeeze of currency on
            Telair, and the closure of three plants in this segment.

      7.    A Telair container facility and two IGT service facilities were
            closed in 1Q03.

      8.    The cost associated with the wind down and the cost to close the
            plants approximated $3m.

      9.    Within aerospace this brings to six the facilities closed over the
            last year and TFX is planning one more in 2Q.

      10.   Operating profit in repairs and manufacturing are relatively flat
            with a year ago.

   D. MEDICAL SEGMENT:

      1.    This segment had a good performance and reached double-digit
            increases in sales and operating profit.

      2.    Sales increased in healthcare supply and surgical devices, although
            growth in healthcare supply far outpaced its counterpart.

      3.    In healthcare supply, the stronger euro made a significant
            contribution, but new products such as the perky twist and the
            temperature catheter added to the increase.

      4.    Sales in surgical devices were up as a result of Spinal Instruments
            acquisition in 3Q02.

      5.    Operating profit and margin improved in healthcare supply.

             a. This effect was enhanced by the stronger euro.

      6.    Operating profit in surgical devices was relatively flat and margins
            slightly lower, as a result of product mix and this has been
            continuing.

      7.    On the plus side, Hem-o-look clip continued to pick up momentum.

      8.    On-site services grew double digit and the closure in 4Q of an
            off-site services contributed to profitability.

   E. COMMERCIAL SEGMENT:

      1.    Sales increased 13% by a combination of acquisitions, translation in
            core growth.

      2.    All three product lines, automotive, marine, and industrial
            experienced growth in sales and operating profits.

      3.    Additionally, automotive operating profit and margin increased not
            only as a result of volume, but also from the three plant closings
            in 2002.

      4.    In marine, sales were up slightly, driven by non-marine products
            such as military burner and the adjustable pedal for truck and bus
            markets.

      5.    Marine OEM products continued to experience strength, but the late
            spring affected volume in the most profitable after market business.

   F. GUIDANCE:

      1.    TFX gives guidance of a single-digit increase for the full year, as
            2Q looks flattish.

II. OPERATIONAL OVERVIEW (J.B.)

   A. GROWTH INITIATIVES AND PROGRAMS:

      1.    Commercial and medical businesses have both performed very well with
            solid increases in revenues and profits.

      2.    Core growth in 1Q03 was down 2%, the result of the dramatic swing in
            the industrial gas turbine market.

      3.    Looking for broad-based new product sales growth.

      4.    Marine business:

      5.    Recently launched a product called Smartcast (fish finder - shore,
            dock or canoe).

      6.    Smartcast uses a remote sensor attached to a fishing line.

      7.    TFX has a wristwatch version launching in 2Q, just in time for
            Father's Day.

      8.    Medical:

      9.    Product innovation in surgical devices:


<TABLE>
<S>                        <C>                          <C>                    <C>                      <C>
CCBN StreetEvents          streetevents@ccbn.com        617.603.7900           www.streetevents.com     3
</TABLE>
<PAGE>
                                                                    EDITED BRIEF

Apr. 17. 2003 / 11:15AM, TFX - Q1 2003 Teleflex,
Incorporated Earnings Conference Call Brief


      10.   Surgiclear - a hand-held device with suction and irrigation controls
            that improves the visual field of surgeons for performing sinus
            surgery and other procedures.

      11.   Advac (Phonetic) - a new Hem-o-lok automatic clipper used for
            legation and open surgical procedures, launched at the end of March.

      12.   Expanding the distribution of spinal surgery instruments acquired
            last year.

   B. PRODUCTS & MARKETS:

      1.    No single product has a big financial impact, but collectively
            should help through the remainder of the year.

      2.    TFX is working to capitalize the co.'s investments in new markets.

      3.    The co. has penetrated many new markets - RV, bus, and industrial
            vehicles.

      4.    Has put some of the other TFX products into these markets like
            alternative field systems, fluid handling, and pedals.

      5.    Acquisition of Southwest Wire Rope also opened markets for other TFX
            products.

      6.    Heavy duty cables are sold to utilities, telecommunications, oil
            drilling and construction companies.

      7.    Heavy trucks and bus markets have been sluggish overall and TFX is
            not seeing much growth there.

      8.    Sales and new products going into the market represent future
            growth.

      9.    Continues to expand globally.

      10.   Last quarter, sales from products generated outside US rose to a
            high of 46%.

      11.   Continues to grow the co.'s market share for products in Europe and
            Asia, with increased volume in both Automotive and Medical, this
            quarter.

      12.   Still getting started in Asia, and the co. sees a potential here for
            a number of product lines in future.

   C. ACQUISITION:

      1.    Acquisitions will be an important part of the co.'s growth strategy.

      2.    Most of the co.'s acquisitions tend to be in the $75m range and
            under.

      3.    Expecting to conclude three acquisitions within 2Q03.

   D. OUTLOOK:

      1.    Economy is uncertain.

      2.    Plan does not assume any acquisitions nor pick up in the US economy
            until 3Q & 4Q.

      3.    Continues to expect revenues and earnings in 2003 to increase in
            single-digit percentages over 2002.

      4.    Focused on continuing to strengthen the co.'s businesses, invest in
            new products, deliver value for customers, and close some of the
            acquisitions.


<TABLE>
<S>                        <C>                          <C>                    <C>                      <C>
CCBN StreetEvents          streetevents@ccbn.com        617.603.7900           www.streetevents.com     4
</TABLE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
