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) January 7, 2008

TELEFLEX INCORPORATED

(Exact name of Registrant as Specified in Its Charter)

Delaware	1-5353	23-1147939
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(IRS Employer 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))

Item 7.01. Regulation FD Disclosure

     On January 7, 2008, Teleflex Incorporated (the “Company”) issued a press release and held a conference call to discuss its earnings outlook for 2008. A copy of the press release is furnished as Exhibit 99.1 to this Current Report. A copy of the slide presentation referenced by the Company during the conference call, which was made available in advance of the call through the Company’s website, is furnished as Exhibit 99.2 to this Current Report.

     The information furnished pursuant to Item 7.01 of this Current Report, including Exhibits 99.1 and 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	Press Release dated January 7, 2008
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: January 7, 2008	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	Press Release dated January 7, 2008
99.2	Investor Conference Call Slide Presentation

EX-99.1

Exhibit 99.1

Contact: Julie McDowell
Vice President
Corporate Communications
610-948-2836

FOR IMMEDIATE RELEASE January 7, 2008

Teleflex Provides 2008 Business and Financial Outlook

Limerick, PA — Teleflex Incorporated (NYSE: TFX) will provide a preliminary financial performance outlook for 2008 and discuss its business plans and strategic initiatives in a conference call with investors today.

Jeffrey P. Black, chairman and chief executive officer of Teleflex commented, “2007 was a remarkable year for Teleflex as we redefined our portfolio of businesses to drive greater consistency of earnings and increased profitability. Entering 2008, we have a stronger portfolio of businesses positioned to deliver increased margins, strong cash flow and solid revenue growth. We are ahead of schedule on the integration of the Arrow business and are making good progress on reducing our debt.”

Black continued, “In 2008, the redefined Teleflex portfolio is expected to deliver overall segment operating profit margins in the mid teens for the year, compared with margins of approximately 11% for our historic 2006 portfolio of businesses. With the integration of Arrow, our outlook anticipates Medical segment operating margins returning to the 20% range during the year and segment operating margin growth in Aerospace and Commercial. We also expect the increased operating margins and our solid working capital management processes to enable us to deliver another year of strong cash flow.”

The company’s financial goals for 2008 include total revenues of over $2.4 billion and diluted earnings per share from continuing operations excluding special items in the range of $3.70 to $3.90. Cash flow from operations should be approximately $250 million, prior to the tax payments related to the gain resulting from the sale of the automotive and industrial businesses in 2007.

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Restructuring and other special charges, principally related to the Arrow acquisition, for the year are anticipated to be in the range of $0.60 to $0.67 per diluted share. The company continues to expect annual pre-tax synergies related to the Arrow integration in the range of $70 to $75 million by 2010. Pre-tax synergies in 2008 are now expected to be in the range of $33 to $37 million.

During the fourth quarter of 2007, Teleflex successfully completed the acquisition of Arrow International and the divestiture of its automotive and industrial businesses. As a result of the sale the company expects to record a gain on sale of assets of approximately $90 million, net of tax. In addition, the company expects to record special charges related to the acquisition of Arrow International and may record a non cash charge related to impairment of principally intangible assets in the power systems business, part of its Commercial Segment.

Teleflex plans to report fourth quarter and year end 2007 financial results after market close on Thursday, February 28, 2008 and to webcast a conference call with investors on Friday, February 29, 2008 at 10:00 am. Further information will be available prior to the call.

As previously announced, Teleflex will hold a conference call today at 9:00 a.m. (EST) to discuss the 2008 preliminary outlook. The conference call will be available live and archived on the company’s website at www.teleflex.com. In addition, an audio replay will be available from January 7 until January 12 by calling 888-286-8010 (US/Canada) or 617-801-6888 (International), passcode # 42798181.

Teleflex at a Glance:

Teleflex is a diversified company with annual revenues of approximately $2.4 billion. The company designs, manufactures and distributes quality engineered products and services for the medical, aerospace, and commercial markets worldwide. Teleflex employs more than 14,000 people worldwide who focus on providing innovative solutions for customers. Additional information about Teleflex can be obtained from the company’s website on the Internet at www.teleflex.com.

Forward-looking information:

This press release contains forward-looking statements, including, but not limited to, statements relating to expected full year diluted earnings per share from operations before and after giving the effect of charges related to the restructuring and integration program; forecasts regarding restructuring and other special charges, revenue growth, cash flow from operations, segment performance and operating profit percentage growth, and operational performance. Actual results could differ materially from those in these forward-looking statements due to, among other things, unanticipated expenditures in connection with the effectuation of restructuring programs; costs and length of time required to comply with legal requirements applicable to certain aspects of the restructuring program; unanticipated difficulties in connection with consolidation of manufacturing and administrative functions; customer reaction to the program; business conditions and the general economy, market opportunities, competitive factors, sales and marketing execution, shifts in technologies or market demand, and other factors described in Teleflex’s filings with the Securities and Exchange Commission.

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EX-99.2

Exhibit 99.2

Teleflex Incorporated Preliminary Financial Outlook for 2008 Earnings Conference Call Exhibit 99.2

3 Forward Looking Statements 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 and integration actions, 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. Corporate expenses, restructuring costs, gain on sale of businesses and assets, interest expense and taxes on income are excluded from the measure. Further historical information including unaudited adjusted segment results to reflect discontinued operations is available at www.teleflex.com.

5 Jeff Black Chairman and Chief Executive Officer

7 2008 Financial Outlook Highlights Repositioned portfolio to deliver Significant operating margin improvement Strong cash flow Solid revenue growth Medical mid single digit revenue growth and return to segment operating margin in 20% range during the year Increased margins in Aerospace and Commercial Overall segment operating margins in the mid teens for the year Arrow integration ahead of schedule - anticipate $33 to $37 million in pre-tax synergies for 2008 Strong operating cash generation for repayment of debt

9 2007 Strategic Highlights Created an over $1.4 billion medical technology business with acquisition of Arrow International Strengthened portfolio through bolt-on acquisitions Specialized Medical Devices Southern Wire Corporation Nordisk Aviation Products Divested Components Business in Aerospace with annual revenues of ~$130 million Divested Automotive and Industrial business with annual revenues of ~$855 million Expect gain on sale, net of tax Utilized ~$400 million of expected net after-tax proceeds to pay long-term debt

11 Teleflex Portfolio Transformation 2008E Segment OP Medical over 75% Source = 2006 data per SEC filings 2008E Revenues Medical over 60%

13 2008 Medical Segment Outlook Full year impact of Arrow acquisition Mid single digit core growth Sales growth driven by: Arrow acquisition and critical care product lines International markets Improvements in OEM business Restructuring and related costs Segment operating margins reach 20% range during the year Expedited FDA compliance program for Arrow facilities

15 2008 Aerospace Segment Outlook Full year impact of Nordisk acquisition Core growth relatively flat resulting from platform transition 747-4 to 747-8 A 380 delays impact 747-4 conversions Supplier for new Airbus platforms for '09 and beyond Repairs growth steady, R&D investment for new engine repairs Segment operating margins maintain low double digit ranges including investment in new technology for engine repairs, platforms Improvement coming from benefits of recent restructuring, operational efficiencies

17 2008 Commercial Segment Outlook Commercial businesses remaining: Marine, Rigging Services and Power Systems Sales growth in Marine and Rigging Services offset by decline in Power Systems products from NA truck market Marine aftermarket, international and new products fuel growth Rigging Services benefits from full year impact of acquisition and expansion into new geography Segment operating profit margin mid single digit range as stronger Marine and Rigging Services margins are offset by decline in Power Systems

19 Kevin K. Gordon Executive Vice President and Chief Financial Officer

21 2007 Fourth Quarter Activities Executing on Arrow International integration activities Accelerating regulatory compliance program to respond to Arrow FDA corporate warning letter Executing on Nordisk Aviation Products integration activities Fourth Quarter 2007 Special Charges: Inventory step-up In-Process Research & Development Transaction costs May record non-cash charge related to impairment of certain assets of Power Systems business Estimated gain of ~$90 million, net of tax, on sale of global auto business 1 1 = subject to working capital and other operating adjustments

23 Revenue of over $2.4 billion Medical up due to Arrow acquisition and mid-single digit core growth Aerospace increases with acquisition Commercial relatively flat Overall segment operating margins in the mid teens for the year compared with ~11% in 2006 Operating cash flow of ~$250 million1 2008 Outlook Financial Goals 1 = exclusive of tax payments related to gain on sale recorded in discontinued operations in 2007

25 Effective tax rate: 27% to 29% Capex: $60 - $70 million Depreciation & Amortization expense: ~$120 million Repayment of debt continues to drive reduced interest expense Total debt outstanding as of December 31, 2007 of ~$1.7 billion 2008 Outlook Assumptions

27 Run-rate annual pre-tax synergies of $70 - $75 million by 2010 Increased estimate of pre-tax synergies of $33 - $37 million in 2008 Integration costs of $70 - $80 million 2007 thru 2010 $35 - $45 million expense $25 - $30 million restructuring expense $10 - $15 million operating expense ~$35 million purchase accounting related Arrow Integration Costs & Synergies

29 Low High Earnings per share from continuing operations including special charges $3.03 $3.30 Addback special charges1 $0.67 $0.60 Earnings per share from continuing operations before special charges $3.70 $3.90 2008 Outlook Operating cash flow of ~$250 million2 1 = includes restructuring, integration costs and inventory step-up, all principally related to the Arrow acquisition 2 = exclusive of tax payments related to gain on sale recorded in discontinued operations in 2007

31 Jeff Black Chairman and Chief Executive Officer

33 Summary Redefined portfolio to increase margins, reduce cyclicality and market risk Achievable goals and targets for integration activity Sound working capital management and cash flow generation Capitalize on global presence, strong brands, established customer base and aftermarket or service opportunities Position Teleflex for future growth and continued expansion in new products and markets Diversified company largely defined by our medical technology business

Question and Answer Session