May 03, 2018 • 08:00 am ET

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Analyst
Kristen Stewart

something like that.

Executive
Thomas E. Powell

Well, I think as we get closer to 2019, we'll take the opportunity to provide guidance for 2019. We'll want to see obviously how this year plays out. We're clearly off to a good start in the first quarter. Revenues have come in well, and that's afforded us some opportunity to kind of move some investments around. But before commenting specifically on 2019 guidance, we'd like to get a little bit further into this year and the progression of growth this year.

Analyst
Kristen Stewart

Okay. Perfect. Thanks again for taking my questions.

Executive
Thomas E. Powell

Thank you.

Executive
Liam J. Kelly

Thank you.

Operator
Operator

Thank you. Our next question is a follow-up from Larry Keusch with Raymond James. You may begin.

Analyst
Lawrence Keusch

Tom, I just want to pick your brain for a moment again on capital allocation, and I guess this is also in part for Liam. Just given the integration efforts that you have ongoing right now with Vascular Solutions and NeoTract, what's your ability or comfort to do some additional M&A? And also with your leverage ratio around 3.4 times, I guess, Tom, again, the question there is what do you think is a comfortable level for the Company in this environment giving rising rates, et cetera?

Executive
Liam J. Kelly

So, I'll talk broadly and then I'll pass it to Tom. So, as I said previously, Larry, our goal this year would be to delever. We are anticipating getting our leverage rate down to below 3 by the end of the year. We would like to get down below 3 times leverage.

But as we all know, acquisitions are opportunistic. And as I've said many times, I didn't think that when we did Vidacare in 2013, it would be 2017 before we would do something like Vascular Solutions. And I didn't think when we did Vascular Solutions that within -- before the year was out, we'd be doing NeoTract. So it is opportunistic. So, our goal is to delever, but having said that, if an opportunistic and very attractive acquisition that was clearly within our (technical difficulty) we'd have a long hard look at it.

Executive
Thomas E. Powell

Yes. So, I think I'd agree with Liam's sentiments as he's outlined and, certainly, we'll have to incorporate the current rate environment into our financial analysis to see if any of these acquisitions meet our financial criteria as well as our strategic criteria. But I wouldn't necessarily say that the rising rate environment would take us out of the marketplace.

Analyst
Lawrence Keusch

Okay. Terrific. Thanks, guys. See you next week.

Executive
Liam J. Kelly

Thank you.

Operator
Operator

Thank you. This concludes the question-and-answer session. I would now like to turn the conference back over to Jake Elguicze for closing remarks.

Executive
Jake Elguicze

Thanks, operator, and thanks to everyone for joining the call today. This concludes the Teleflex Incorporated first quarter 2018 earnings conference call. Have a nice day.

Operator
Operator

Ladies and gentlemen, this concludes today's conference. Thanks for your participation. Have a wonderful day.