Teleflex Incorporated (TFX)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	432,768	482,766	452,901	449,960	446,142	480,143	589,809	565,543	559,723	491,921	378,681	302,325	357,255	382,918	365,828	429,743	339,388	336,888	293,580	213,441
Revenue (ttm)	US$ in thousands	2,911,099	2,896,815	2,847,031	2,814,657	2,739,870	2,666,841	2,681,690	2,672,883	2,658,512	2,705,531	2,628,918	2,495,954	2,494,257	2,464,030	2,481,625	2,562,494	2,533,648	2,494,311	2,447,888	2,425,533
Pretax margin		14.87%	16.67%	15.91%	15.99%	16.28%	18.00%	21.99%	21.16%	21.05%	18.18%	14.40%	12.11%	14.32%	15.54%	14.74%	16.77%	13.40%	13.51%	11.99%	8.80%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $432,768K ÷ $2,911,099K
= 14.87%

Teleflex Incorporated's pretax margin has shown some fluctuations over the past eight quarters. The Q4 2023 pretax margin decreased to 14.59% from the previous quarter's 16.34%. This decline may raise concerns about the company's profitability and efficiency in generating earnings before taxes in the most recent quarter.

Comparing the Q4 2023 pretax margin to the year-ago period, there was also a slight decrease from 15.98% in Q4 2022. This suggests a potential trend of decreasing profitability in the most recent quarter compared to the same period last year.

On a positive note, the Q3 2022 and Q2 2022 pretax margins were relatively higher at 17.17% and 21.00%, respectively, indicating stronger profitability in those quarters. However, this trend was followed by a gradual decline in pretax margins in subsequent quarters.

Overall, the variability in Teleflex Incorporated's pretax margin over the past eight quarters may indicate fluctuations in the company's operational efficiency and cost management. Further analysis of the underlying factors contributing to these fluctuations would provide a more comprehensive understanding of the company's financial performance.