8-K

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 Event Reported) May 1, 2007

TELEFLEX INCORPORATED

(Exact name of Registrant as Specified in Its Charter)

Delaware	1-5353	23-1147939
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation or Organization)		Identification No.)

155 South Limerick Road, Limerick, Pennsylvania	19468
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s Telephone Number, Including Area Code (610) 948-5100

Not applicable

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

PRO FORMA SEGMENT RESULTS OF OPERATIONS

INVESTOR CONFERENCE CALL SLIDE PRESENTATION

Item 2.02 Results of Operations and Financial Condition.

     In connection with the conference call held by Teleflex Incorporated (the “Company”) on May 1, 2007 to discuss its financial results for the first quarter of 2007, the Company referenced certain financial information reflecting pro forma segment results of operations to reflect discontinued operations, which was made available in advance of the call through the Company’s website. A copy of such financial information is furnished as Exhibit 99.1 to this Current Report.

     The information furnished pursuant to Item 2.02 of this Current Report, including Exhibit 99.1 hereto, shall not be considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered “filed” or incorporated by reference therein.

Item 7.01. Regulation FD Disclosure

     In connection with the conference call held by the Company on May 1, 2007 to discuss its financial results for the first quarter of 2007, the Company referenced a slide presentation, which was made available in advance of the call through the Company’s website. The slide presentation is furnished as Exhibit 99.2 to this Current Report.

     The information furnished pursuant to Item 7.01 of this Current Report, including Exhibit 99.2 hereto, shall not be considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered “filed” or incorporated by reference therein.

Item 9.01. Financial Statements and Exhibits.

     (c) Exhibits.

99.1      Pro Forma Segment Results of Operations to Reflect Discontinued Operations

99.2      Investor Conference Call Slide Presentation

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.

Date: May 1, 2007	TELEFLEX INCORPORATED
	By:	/s/ Kevin K. Gordon
		Name:	Kevin K. Gordon
		Title:	Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Pro Forma Segment Results of Operations to Reflect Discontinued Operations
99.2	Investor Conference Call Slide Presentation

EX-99.1

Exhibit 99.1

Teleflex Incorporated
Pro forma Segment Results of Operations
To Reflect Discontinued Operations

	2006 - (Unaudited)															2006 - (Unaudited)
													Full			YTD			YTD			YTD			YTD
	Q1			Q2			Q3			Q4			Year			Q1			Q2			Q3			Q4
Revenues
Commercial	$	304,527		$	337,167		$	290,357		$	318,787		$	1,250,838		$	304,527		$	641,694		$	932,051		$	1,250,838
Medical		203,121			217,761			207,722			230,072			858,676			203,121			420,882			628,604			858,676
Aerospace		92,235			95,256			107,446			110,435			405,372			92,235			187,491			294,937			405,372
Total revenues	$	599,883		$	650,184		$	605,525		$	659,294		$	2,514,886		$	599,883		$	1,250,067		$	1,855,592		$	2,514,886
Segment operating profit (*)
Commercial	$	20,354		$	24,982		$	14,756		$	18,271		$	78,363		$	20,354		$	45,336		$	60,092		$	78,363
Medical		30,261			37,335			44,223			49,888			161,707			30,261			67,596			111,819			161,707
Aerospace		9,093			8,116			9,760			13,255			40,224			9,093			17,209			26,969			40,224
Total segment operating profit		59,708			70,433			68,739			81,414			280,294			59,708			130,141			198,880			280,294
Corporate expenses		7,221			6,750			7,678			13,287			34,936			7,221			13,971			21,649			34,936
(Gain) loss on sales of businesses and assets		(643	)		1,828			(453	)		106			838			(643	)		1,185			732			838
Restructuring and impairment charges		4,493			8,475			3,275			8,983			25,226			4,493			12,968			16,243			25,226
Minority interest in consolidated subsidiaries		(5,653	)		(5,935	)		(6,627	)		(6,742	)		(24,957	)		(5,653	)		(11,588	)		(18,215	)		(24,957	)
Income from continuing operations before interest, taxes and minority interest		54,290			59,315			64,866			65,780			244,251			54,290			113,605			178,471			244,251
Interest expense, net		8,437			9,303			8,541			9,304			35,585			8,437			17,740			26,281			35,585
Income from continuing operations before taxes and minority interest		45,853			50,012			56,325			56,476			208,666			45,853			95,865			152,190			208,666
Taxes on income from continuing operations		12,659			10,094			15,002			12,540			50,295			12,659			22,753			37,755			50,295
Income from continuing operations before minority interest		33,194			39,918			41,323			43,936			158,371			33,194			73,112			114,435			158,371
Minority interest in consolidated subsidiaries		5,653			5,935			6,627			6,742			24,957			5,653			11,588			18,215			24,957
Income from continuing operations		27,541			33,983			34,696			37,194			133,414			27,541			61,524			96,220			133,414
Operating income from discontinued operations		2,484			3,545			1,972			1,877			9,878			2,484			6,029			8,001			9,878
Taxes on income from discontinued operations		919			889			702			1,352			3,862			919			1,808			2,510			3,862
Net income	$	29,106		$	36,639		$	35,966		$	37,719		$	139,430		$	29,106		$	65,745		$	101,711		$	139,430
Earnings per share:
Basic:
Income from continuing operations	$	0.68		$	0.84		$	0.88		$	0.95		$	3.36		$	0.68		$	1.53		$	2.40		$	3.36
Income from discontinued operations	$	0.04		$	0.07		$	0.03		$	0.01		$	0.15		$	0.04		$	0.10		$	0.14		$	0.15
Net income	$	0.72		$	0.91		$	0.91		$	0.97		$	3.51		$	0.72		$	1.63		$	2.54		$	3.51
Diluted:
Income from continuing operations	$	0.68		$	0.84		$	0.88		$	0.95		$	3.34		$	0.68		$	1.52		$	2.39		$	3.34
Income from discontinued operations	$	0.04		$	0.07		$	0.03		$	0.01		$	0.15		$	0.04		$	0.10		$	0.14		$	0.15
Net income	$	0.72		$	0.90		$	0.91		$	0.96		$	3.49		$	0.72		$	1.62		$	2.53		$	3.49
Average number of common and common equivalent shares outstanding:
Basic		40,346			40,244			39,465			38,983			39,760			40,346			40,295			40,019			39,760
Diluted		40,626			40,495			39,566			39,227			39,988			40,626			40,577			40,241			39,988

(*) Segment operating profit includes a segment’s revenues reduced by its materials, labor and other products costs along with the segment’s selling, engineering and administrative expenses and minority interest. Unallocated corporate expenses, (gain) loss on sales of businesses and assets, restructuring and impairment charges, interest income and expense and taxes on income are excluded from the measure.

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.

Teleflex Incorporated
Pro forma Segment Results of Operations
To Reflect Discontinued Operations

	2005 - (Unaudited)															2005 - (Unaudited)
													Full			YTD			YTD			YTD			YTD
	Q1			Q2			Q3			Q4			Year			Q1			Q2			Q3			Q4
Revenues
Commercial	$	303,808		$	314,706		$	270,173		$	300,958		$	1,189,645		$	303,808		$	618,514		$	888,687		$	1,189,645
Medical		209,901			217,956			196,553			206,728			831,138			209,901			427,857			624,410			831,138
Aerospace		81,017			92,450			89,310			104,053			366,830			81,017			173,467			262,777			366,830
Total revenues	$	594,726		$	625,112		$	556,036		$	611,739		$	2,387,613		$	594,726		$	1,219,838		$	1,775,874		$	2,387,613
Segment operating profit (*)
Commercial	$	24,817		$	25,361		$	9,199		$	21,752		$	81,129		$	24,817		$	50,178		$	59,377		$	81,129
Medical		32,872			43,068			38,938			35,078			149,956			32,872			75,940			114,878			149,956
Aerospace		122			5,754			9,466			11,635			26,977			122			5,876			15,342			26,977
Total segment operating profit		57,811			74,183			57,603			68,465			258,062			57,811			131,994			189,597			258,062
Corporate expenses		6,955			6,165			3,579			7,256			23,955			6,955			13,120			16,699			23,955
Gain on sales of businesses and assets		—			—			(5,569	)		(8,654	)		(14,223	)		—			—			(5,569	)		(14,223	)
Restructuring and impairment charges		7,294			6,653			5,776			7,343			27,066			7,294			13,947			19,723			27,066
Minority interest in consolidated subsidiaries		(4,698	)		(5,181	)		(5,318	)		(5,140	)		(20,337	)		(4,698	)		(9,879	)		(15,197	)		(20,337	)
Income from continuing operations before interest, taxes and minority interest		48,260			66,546			59,135			67,660			241,601			48,260			114,806			173,941			241,601
Interest expense, net		11,073			10,565			9,798			8,702			40,138			11,073			21,638			31,436			40,138
Income from continuing operations before taxes and minority interest		37,187			55,981			49,337			58,958			201,463			37,187			93,168			142,505			201,463
Taxes on income from continuing operations		8,855			13,899			9,857			14,320			46,931			8,855			22,754			32,611			46,931
Income from continuing operations before minority interest		28,332			42,082			39,480			44,638			154,532			28,332			70,414			109,894			154,532
Minority interest in consolidated subsidiaries		4,698			5,181			5,318			5,140			20,337			4,698			9,879			15,197			20,337
Income from continuing operations		23,634			36,901			34,162			39,498			134,195			23,634			60,535			94,697			134,195
Operating income (loss) from discontinued operations		23,194			(12,608	)		(2,244	)		414			8,756			23,194			10,586			8,342			8,756
Taxes (benefit) on income (loss) from discontinued operations		8,102			(4,680	)		(1,682	)		2,394			4,134			8,102			3,422			1,740			4,134
Net income	$	38,726		$	28,973		$	33,600		$	37,518		$	138,817		$	38,726		$	67,699		$	101,299		$	138,817
Earnings per share:
Basic:
Income from continuing operations	$	0.58		$	0.91		$	0.84		$	0.98		$	3.31		$	0.58		$	1.49		$	2.34		$	3.31
Income (loss) from discontinued operations	$	0.37		$	(0.20	)	$	(0.01	)	$	(0.05	)	$	0.11		$	0.37		$	0.18		$	0.16		$	0.11
Net income	$	0.96		$	0.71		$	0.83		$	0.93		$	3.43		$	0.96		$	1.67		$	2.50		$	3.43
Diluted:
Income from continuing operations	$	0.58		$	0.90		$	0.83		$	0.97		$	3.28		$	0.58		$	1.48		$	2.31		$	3.28
Income (loss) from discontinued operations	$	0.37		$	(0.19	)	$	(0.01	)	$	(0.05	)	$	0.11		$	0.37		$	0.18		$	0.16		$	0.11
Net income	$	0.95		$	0.71		$	0.82		$	0.92		$	3.39		$	0.95		$	1.66		$	2.47		$	3.39
Average number of common and common equivalent
shares outstanding:
Basic		40,453			40,635			40,569			40,409			40,516			40,453			40,544			40,552			40,516
Diluted		40,699			41,031			41,185			40,917			40,958			40,699			40,865			40,972			40,958

(*) Segment operating profit includes a segment’s revenues reduced by its materials, labor and other products costs along with the segment’s selling, engineering and administrative expenses and minority interest. Unallocated corporate expenses, gain on sales of businesses and assets, restructuring and impairment charges, interest income and expense and taxes on income are excluded from the measure.

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.

EX-99.2

Teleflex Incorporated Q1 2007 Financial Results May 1, 2007 Exhibit 99.2

Forward-Looking Statements Note: The following slides reflect continuing operations. Further historical information including unaudited proforma segment results that reflect discontinued operations is available at www.teleflex.com. This presentation and our discussion contain forward-looking information and statements including, but not limited to, such matters as business strategies, market trends, future financial performance, forecast of diluted earnings per share, forecast of cash flow from operations, cost of restructuring actions, gain or loss from divestitures, and other matters which inherently involve risks and uncertainties which could cause actual results to differ from those projected or implied in the forward-looking statements. Please refer to the Company's SEC filings including its most recent Form 10-K. This presentation includes certain non-GAAP financial measures. Reconciliation of those measures to the most comparable GAAP measures is contained within this presentation. Segment operating profit is defined as a segment's revenues reduced by its materials, labor, and other product costs along with the segment's selling, engineering, and administrative expenses and minority interest. Unallocated corporate expenses, restructuring costs, gain or loss on sales of businesses and assets, interest income and expense and taxes on income are excluded from the measure.

Conference Call Logistics The release, accompanying slides, and replay webcast available online at www.teleflex.com (click on "Investors") Telephone replay available by dialing 888-286-8010 or for international calls, 617-801-6888, pass code number 69476307

Jeff Black Chairman and Chief Executive Officer

First Quarter 2007 Highlights - - Revenues: $667.3 million, up 11%; Core growth of 8% - - GAAP Income from continuing operations: $43.1 million, up 56% - - Income from continuing operations excluding special charges and gain on sale of assets: $ 42.9 million, $1.09 per diluted share Maintain strong balance sheet: 17.3% net debt to capital Continue to expand operating margins: operating margins before restructuring costs and gain on sale up 210 basis points from Q1 2006 Other: Signed agreement to divest precision-machined components business in Aerospace (moved to discontinued operations) Acquired new product line in Medical and new heavy lift business in Commercial Note: The following slides reflect continuing operations.

First Quarter 2007 Highlights Commercial: Revenues up 8% (core growth 5%) Operating profit flat Operating margins 6.1% Medical: Revenues up 12% (core growth 7%) Operating profits up 61% Operating margins 21.4% Aerospace: Revenues up 20% (core growth 17%) Operating profits up 38% Operating margins 11.4%

1Q 2007 Market Dynamics Segment Commercial Medical Aerospace Market Dynamics Growth in international truck, bus/industrial, APU, Fluid, OPE Marine outperforms the market Automotive flat excluding currency impact Stronger international performance Disposables and surgical devices for hospital markets drive increase Cargo systems deliveries up Cargo aftermarket spares up Repair sales up

Teleflex First Quarter Takeaways Overall strong end market environment Restructuring program and portfolio realignment program are delivering expected results Teleflex maintains strong business fundamentals Continuing to adjust the business / product portfolio and invest in growth opportunities

Kevin Gordon Executive Vice President and Chief Financial Officer

Summary Financial Performance - Q1 2007

Three Month Summary from Continuing Operations

Financial Results - Commercial Segment + Auxiliary power units + Fluid systems, driver controls for truck and bus markets + Marine aftermarket, engine products and international sales increase Customer price reductions and higher costs in automotive Commodity costs negatively impact auto and marine margins

Financial Results - Medical Segment + Revenue growth across all businesses + International markets lead growth + Taut acquisition in surgical + Operating margins exceed 20+% for 3rd consecutive quarter, with improvements in all product lines + IT implementation spending on plan for the quarter - - Softness in OEM orthopedic instrument business continued

Financial Results - Aerospace Segment + Strong core growth for wide body cargo systems and narrow body systems + Cargo aftermarket up + Repairs higher than expected + Cost and productivity improvement in cargo + Restructuring benefit in repairs Note: Results reflect move of components business to discontinued operations

Asset Velocity Asset velocity of 16.7% at Q1'07 vs. 18.9% at Q1'06 Note: Asset velocity defined as net working capital less cash, deferred taxes, and net assets held for sale plus current portion of long term debt and income tax payable divided by annualized quarterly sales

Cash Flow ~ Note: Impact of precision-machined components business divestiture reflected in presentation above

Strong Balance Sheet for Future Growth Strong, well capitalized balance sheet provides debt capacity for potential acquisitions

2007 Outlook Low High Earnings per share from continuing operations before special charges $4.05 $4.25 Special charges $(0.16) $(0.11) Earnings per share from continuing operations, including special charges $3.89 $4.14 Impact of precision-machined components business divestiture to 2007 Guidance adjustments: Approximate impact of divestiture to original 2007 forecast ~ $0.25 Gain estimated based on current operations / close in Q2 2007 ~ $1.25 Operating cash flow approaching $300 million

Summary Teleflex: Outstanding fundamentals Solid core growth Expanding margins Profitable businesses Low net debt to capital ratio Strong cash flow and cash flow conversion Investing for growth Technology and new product development Commitment to international markets Active acquisition pipeline

Question and Answer Session

Appendix A - Reconciliation of Net Debt to Total Capital