EX-99.3 4 c98260exv99w3.htm EXHIBIT 99.3 Exhibit 99.3
Exhibit 99.3
TELEFLEX INCORPORATED AND SUBSIDIARIES
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)
                                 
    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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