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Teledyne Technologies Q4 Earnings Top Estimates, Sales Rise Y/Y
TDYTeledyne Technologies(TDY) ZACKS·2025-01-22 17:30

Core Insights - Teledyne Technologies Inc. (TDY) reported strong fourth-quarter 2024 adjusted earnings of 5.52pershare,exceedingtheZacksConsensusEstimateof5.52 per share, exceeding the Zacks Consensus Estimate of 5.23 by 5.5% and showing a 1.5% increase from 5.44ayearago[1][2]−Thecompanyachievedfull−yearadjustedearningsof5.44 a year ago [1][2] - The company achieved full-year adjusted earnings of 19.73 per share, surpassing the Zacks Consensus Estimate of 19.45by1.419.45 by 1.4% and slightly higher than the previous year's figure of 19.69 [2] Financial Performance - Total sales for the fourth quarter reached 1.50billion,beatingtheZacksConsensusEstimateof1.50 billion, beating the Zacks Consensus Estimate of 1.45 billion by 3.7% and reflecting a 5.4% increase from 1.43billionreportedayearago[4]−Forthefullyear2024,salesamountedto1.43 billion reported a year ago [4] - For the full year 2024, sales amounted to 5.67 billion, exceeding the Zacks consensus estimate of 5.62billionandhigherthanthe5.62 billion and higher than the 5.64 billion reported in 2023 [5] Segment Performance - Instrumentation segment sales increased by 10.1% year over year to 368.9million,withadjustedoperatingincomerising11.1368.9 million, with adjusted operating income rising 11.1% to 100.8 million [6] - Digital Imaging sales grew 2.5% year over year to 822.2million,althoughadjustedoperatingincomefell32.4822.2 million, although adjusted operating income fell 32.4% to 90.8 million [7] - Aerospace & Defense Electronics segment sales totaled 196.5million,up6.8196.5 million, up 6.8% from the prior-year quarter, with adjusted operating income increasing 12.8% to 56.4 million [7][8] - Engineered Systems revenues improved 11% year over year to 114.7million,butoperatingincomedropped20.3114.7 million, but operating income dropped 20.3% to 9.8 million [8] Financial Condition - As of December 29, 2024, Teledyne's cash and cash equivalents totaled 649.8million,slightlyupfrom649.8 million, slightly up from 648.3 million a year earlier, while long-term debt increased to 2.65billionfrom2.65 billion from 2.64 billion [9] - Cash flow from operating activities for 2024 was 1.19billion,comparedto1.19 billion, compared to 0.84 billion in the prior year [9] - Capital expenditure in the fourth quarter was 29million,downfrom29 million, down from 40.2 million in the prior-year quarter, with free cash flow significantly increasing to 303.4millionfrom303.4 million from 124.2 million [10] Guidance - For the first quarter of 2025, Teledyne expects adjusted earnings in the range of 4.80−4.80-4.90 per share, while the Zacks Consensus Estimate is higher at 5.14[11]−Forthefullyear2025,thecompanyanticipatesadjustedearningsbetween5.14 [11] - For the full year 2025, the company anticipates adjusted earnings between 21.10-21.50pershare,comparedtoaZacksConsensusEstimateof21.50 per share, compared to a Zacks Consensus Estimate of 21.62 [11] Zacks Rank - Teledyne currently holds a Zacks Rank 2 (Buy) [12]