Teleflex Sees Charges on Restructuring Plan

Teleflex details restructuring plan on Nov. 15 in regulatory filing today.

• Says plan “was developed to offset increasing cost and inflationary pressures in the healthcare industry, primarily involves the relocation of certain manufacturing operations to existing lower-cost locations in addition to the streamlining of various business functions across the organization and related workforce reductions.”
  • Actions expected to be substantially completed during 2023
• Company sees aggregate pre-tax restructuring and restructuring related charges $31 million - $40 million, most of which are expected to incur in 2023
  • $26 million to $32 million of these charges expected to result in cash outlays, most ...