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Teledyne (TDY) Earnings Call Presentation
2025-06-25 07:19
Financial Performance & Outlook - GAAP diluted earnings per common share outlook for Q2 2025 are projected between $400 and $415[78] - Non-GAAP diluted earnings per common share outlook for Q2 2025 are projected between $495 and $505[78] - GAAP diluted earnings per common share outlook for the total year 2025 are projected between $1735 and $1783[78] - Non-GAAP diluted earnings per common share outlook for the total year 2025 are projected between $2110 and $2150[78] - The company's Q1 2025 sales reached $14499 million[79] Non-GAAP Measures & Adjustments - The company uses non-GAAP financial measures to provide additional means to understand and evaluate operating results, adjusting for items like FLIR acquisition integration-related costs and acquired intangible asset amortization[68, 71] - Adjustments to GAAP earnings include transaction and integration costs, inventory step-up expense, and acquired intangible asset amortization[78] - Non-GAAP measures exclude certain FLIR transaction and integration costs, acquired intangible asset amortization, and acquisition-related tax matters[73] Historical Financial Data - Sales from continuing operations in 2001 were $6255 million, increasing to $22981 million in 2015[79] - Gross margin increased from 230% in 2001 to 379% in 2015[79] - Operating margin increased from 36% in 2001 to 123% in 2015[79] Balance Sheet (Q1 2025) - Cash totaled $4615 million[81] - Total debt amounted to $29648 million[81] - Stockholders' equity was $99252 million[81] - Net debt was $25033 million, representing 201% of net book capitalization[81]