Financial Performance - Fourth quarter 2024 net sales reached $1,502.3 million, a 5.4% increase from $1,425.0 million in Q4 2023[2] - Fourth quarter 2024 net income attributable to Teledyne was $198.5 million, a decrease of 38.6% compared to $323.1 million in Q4 2023[2] - Full year 2024 net sales totaled $5,670.0 million, a slight increase of 0.6% from $5,635.5 million in 2023[4] - Full year 2024 non-GAAP net income attributable to Teledyne was $939.2 million, compared to $943.3 million in 2023, reflecting a decrease of 0.4%[5] - Operating income for Q4 2024 was $237.1 million, down 12.7% from $271.5 million in Q4 2023[33] - GAAP net income for Q4 2024 was $198.5 million, down from $323.1 million in Q4 2023, representing a decrease of about 38.6%[44] - For the full year 2024, GAAP net income was $819.2 million, compared to $885.7 million in 2023, a decline of approximately 7.5%[44] Earnings Per Share - Full year 2025 GAAP diluted earnings per share outlook is projected to be between $17.70 and $18.20, while non-GAAP earnings per share is expected to be between $21.10 and $21.50[2] - Diluted earnings per share for Q4 2024 were $4.20, down from $6.75 in Q4 2023[33] - Non-GAAP diluted earnings per share for Q4 2024 increased to $5.52 from $5.44 in Q4 2023, a growth of 1.5%[44] - The company expects GAAP diluted earnings per share for Q1 2025 to be between $3.90 and $4.04, and for the full year 2025 to be between $17.70 and $18.20[50] Segment Performance - The Digital Imaging segment reported Q4 2024 net sales of $822.2 million, a 2.5% increase from $802.5 million in Q4 2023[9] - The Instrumentation segment's Q4 2024 net sales increased by 10.1% to $368.9 million, driven by stronger marine instrumentation sales[11] - The Digital Imaging segment reported a 2.5% increase in net sales for Q4 2024, totaling $822.2 million, while total year sales decreased by 2.3%[37] - Instrumentation segment net sales increased by 10.1% in Q4 2024, reaching $368.9 million, and by 4.3% for the total year[37] Acquisitions and Investments - The company expects to deploy approximately $770 million on acquisitions in Q1 2025, following a full year capital deployment of $1.1 billion in 2024[2] - The recently completed acquisition of Micropac Industries, Inc. is expected to enhance Teledyne's business portfolio[3] - The company anticipates potential acquisitions as part of its growth strategy, though no specific timelines or terms are guaranteed[28] Tax and Impairment - The effective tax rate for Q4 2024 was 11.7%, with income tax benefits of $30.2 million compared to $123.4 million in Q4 2023[21] - Income tax benefits from FLIR acquisition-related tax matters were $16.6 million for Q4 2024, compared to $102.2 million in Q4 2023[34] - The company incurred pretax, non-cash impairment charges of $52.5 million related to indefinite-lived trademarks in Q4 2024[33] Assets and Liabilities - Total assets decreased from $14,527.9 million in Q4 2023 to $14,200.5 million in Q4 2024, a decline of approximately 2.25%[41] - Total liabilities decreased from $5,302.1 million in Q4 2023 to $4,645.1 million in Q4 2024, a reduction of approximately 12.3%[41] - The company reported a net debt of $1,999.2 million as of December 29, 2024, down from $2,596.6 million a year earlier, a decrease of about 23.1%[50] - Total stockholders' equity increased from $9,221.2 million in Q4 2023 to $9,549.4 million in Q4 2024, an increase of approximately 3.6%[41] Non-GAAP Measures - The company reports non-GAAP financial measures to provide a clearer understanding of short-term and long-term financial trends, aiding comparability with competitors[52] - Non-GAAP income before income taxes, net income, and diluted earnings per common share exclude acquisition-related costs and amortization, offering an alternative view of performance[54] - Non-GAAP operating margin is defined as non-GAAP operating income divided by net sales, excluding certain acquisition and integration-related costs[55] - Non-GAAP total debt includes current and long-term debt, while net debt is calculated as total debt minus cash and cash equivalents, assisting in liquidity analysis[56] - The non-GAAP diluted earnings per common share outlook for Q1 2025 and the full year 2025 excludes acquisition-related costs and amortization[57] - Free cash flow is defined as cash provided by operating activities minus capital expenditures, indicating the company's ability to generate cash flow[58] - Management excludes amortization of acquired intangible assets and non-cash trademark impairments from non-GAAP measures to facilitate comparisons of operations pre- and post-acquisition[59] - Transaction and integration costs related to acquisitions are excluded from non-GAAP measures as they do not reflect ongoing financial performance[59] - The company believes that non-GAAP measures provide additional insights into operating results and trends, enhancing understanding for investors and management[53] - Non-GAAP measures may differ from similar measures used by other companies, highlighting the importance of viewing them alongside GAAP measures[53]

Teledyne Technologies Incorporated (TDY) is slated to post fourth-quarter 2024 results on Jan. 22, before market open.See the Zacks Earnings Calendar to stay ahead of market-making news.  Teledyne delivered a four-quarter earnings surprise of 2.55%, on average. Improved sales expectations from the majority of its business segments are likely to have boosted TDY’s overall fourth-quarter top line. However, supply-chain issues might have impacted the bottom line.TDY’s Digital Imaging Sales Likely to Fall Stron ...

Core Viewpoint - Analysts forecast that Teledyne Technologies (TDY) will report quarterly earnings of $5.23 per share, reflecting a year-over-year decline of 3.9%, with anticipated revenues of $1.45 billion, an increase of 1.6% compared to the previous year [1] Earnings Estimates - The consensus EPS estimate for the quarter has not changed over the past 30 days, indicating stability in analysts' projections [2] - Revisions to earnings projections are crucial for predicting investor behavior, as studies show a strong correlation between earnings estimate trends and short-term stock performance [3] Revenue Projections - Analysts estimate 'Net Sales- Instrumentation' at $351.23 million, a year-over-year increase of 4.8% [5] - 'Net Sales- Engineered Systems' is projected to reach $106.69 million, reflecting a 3.3% increase year-over-year [5] - 'Net Sales- Digital Imaging' is expected to be $797.97 million, indicating a slight decline of 0.6% year-over-year [5] - 'Net Sales- Aerospace and Defense Electronics' is estimated at $192.18 million, a 4.5% increase from the prior year [6] - 'Sales- Instrumentation - Environmental Instrumentation' is projected at $127.21 million, showing a significant increase of 13.7% year-over-year [7] Operating Income Estimates - 'Operating Income- Instrumentation' is expected to be $96.22 million, up from $90.70 million in the previous year [8] - 'Operating Income- Digital Imaging' is forecasted at $134.69 million, slightly above last year's $134.30 million [8] - 'Operating Income- Aerospace and Defense Electronics' is projected to decline to $55.25 million from $90.70 million year-over-year [8] - 'Non-GAAP Operating Income- Digital Imaging' is expected to be $180.01 million, down from $182.20 million in the same quarter last year [9] Stock Performance - Teledyne shares have increased by 1.5% over the past month, contrasting with a decline of 2.1% in the Zacks S&P 500 composite [9] - With a Zacks Rank 2 (Buy), TDY is anticipated to outperform the overall market in the near future [10]

Teledyne Technologies Incorporated (TDY) Contract and Technology - Teledyne FLIR Defense secured a five-year contract valued at $74 2 million to supply over 125 Electro-Optic Sensor System-Modernized (ESS-M) platforms to the US Coast Guard for rotary wing aircraft like the MH-60 and MH-65 [1] - The ESS-M systems feature a full-HD sensor suite advanced processing capabilities and updated user interfaces enabling high-definition imagery in various conditions and enhancing operational effectiveness for missions such as search and rescue law enforcement and coastal security [2] - Teledyne FLIR Defense has been collaborating with the USCG since 2005 and this new upgrade ensures the Coast Guard has the latest surveillance tools for improved coastal protection and operational efficiency [3] Growth Prospects for TDY and the C4ISR Market - Rising military conflicts terrorism and border disputes are driving global focus on national security particularly in strengthening C4ISR capabilities with increasing demand for advanced surveillance technologies like high-definition imaging systems thermal and infrared sensors AI-powered analytics and unmanned aerial systems [4] - The global C4ISR market is forecasted to grow at a compound annual growth rate of 3 2% during the 2025-2030 period according to Mordor Intelligence [5] - Teledyne with over 45 years of experience in imaging and sensing solutions is well-positioned to benefit from this growth given its expertise in advanced surveillance systems used across air land and sea [6] Prospects of TDY's Peers in the C4ISR Market - Lockheed Martin Corporation (LMT) provides advanced systems for surveillance reconnaissance and battle management with a long-term earnings growth rate of 4 4% and Zacks Consensus Estimate for 2025 sales indicating year-over-year growth of 4 1% [7][8] - RTX Corporation (RTX) focuses on integrated defense systems radar and missile warning systems with a long-term earnings growth rate of 10 3% and Zacks Consensus Estimate for 2025 sales indicating year-over-year growth of 5 4% [8][9] - Northrop Grumman Corporation (NOC) delivers end-to-end communications and advanced networking capabilities with a long-term earnings growth rate of 19% and Zacks Consensus Estimate for 2025 sales indicating year-over-year growth of 3 4% [10] TDY Stock Performance - TDY shares gained 2 3% in the past three months outperforming the industry's 2 2% growth [11] - TDY currently carries a Zacks Rank 2 (Buy) [12]

Z-Trak 3D Apps Studio , Nov. 27, 2024 (GLOBE NEWSWIRE) -- Teledyne DALSA3DZ-Trak™ 3D Apps StudioTeledyne DALSAZTrak3DZ-Trak 3D Apps Studio3D Z-Trak 3D Apps Studio TeledyneZ-Trak360°Z-Trak 3D Apps Studio3D3D2D Sherlock 8.30Z-Trak 3D Apps StudioZ-Trak 3DSherlock 8 TeledyneTeledyne DALSAe2v CMOSFLIR IISLumeneraPhotometricsPrinceton InstrumentsJudson TechnologiesActon OpticsAdimecTeledyne 30 Yuki Chan yuki.chan@teledyne.com : https://www.globenewswire.com/NewsRoom/AttachmentNg/5799ec0e-e23c-43ca-ac8f-7980811c6 ...

WATERLOO, Canada, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Teledyne DALSA is pleased to introduce Z-Trak™ 3D Apps Studio, a suite of software tools developed for in-line 3D machine vision applications. Designed to work with Teledyne DALSA’s Z-Trak family of laser profilers, it simplifies 3D dimensional measurement and inspection tasks on production lines. Capable of handling 3D scans of objects with varied surface types, sizes and geometric features, Z-Trak 3D Apps Studio is ideal for factory automation applicatio ...

Z-Trak 3D Apps Studio Sherlock 8.30中的Z-Trak 3D Apps Studio – 處理3D和2D視覺任務 加拿大滑鐵盧, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Teledyne DALSA推出為線上3D機器視覺應用開發的軟體工具Z-Trak™ 3D Apps Studio。該工具旨在與Teledyne DALSA的Z-Trak系列雷射輪廓儀配合使用，可簡化生產線上的3D測量和檢測任務。Z-Trak 3D Apps Studio能夠處理具有不同表面類型、尺寸和幾何特徵的物體的3D掃描，是電動汽車（電動汽車電池、電機定子等）、汽車、電子、半導體、包裝、物流、金屬製造、木材等眾多行業工廠自動化應用的理想之選。Z-Trak 3D Apps Studio具有簡化的工具，用於測量物體厚度、檢查膠珠、焊縫以及識別機加工、組裝或擠壓部件上的平坦、傾斜和彎曲表面上的缺陷。它還包括錨定和資料增強功能，例如反射消除，以確保在各種操作條件下獲得可靠且可重複的結果。Teledyne的Z-Trak系列雷射輪廓儀具有各種多感測器拓撲結構，可在保持高度解析度的同時 ...

For the quarter ended September 2024, Teledyne Technologies (TDY) reported revenue of $1.44 billion, up 2.9% over the same period last year. EPS came in at $5.10, compared to $5.05 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +1.33%. The company delivered an EPS surprise of +2.62%, with the consensus EPS estimate being $4.97.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Teledyne Technologies Inc. (TDY) reported third-quarter 2024 adjusted earnings of $5.10 per share, which surpassed the Zacks Consensus Estimate of $4.97 by 2.6%. The bottom line also improved 1% from $5.05 recorded a year ago. The company recorded GAAP earnings of $5.54 per share, up 33.5% from the prior-year level of $4.15.The year-over-year improvement in the bottom line can be attributed to higher net sales and operating income in the third quarter than the year-ago reported actuals.Operational Highlight ...

Teledyne Technologies (TDY) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.97 per share. This compares to earnings of $5.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.62%. A quarter ago, it was expected that this defense and aerospace industry supplier would post earnings of $4.49 per share when it actually produced earnings of $4.58, delivering a surprise of 2%.Over the ...