Core Insights - Teledyne Technologies Inc. (TDY) reported third-quarter 2025 adjusted earnings of $5.57 per share, exceeding the Zacks Consensus Estimate of $5.50 by 1.3% and improving 7.8% from $5.10 in the same quarter last year [1][8] - Total sales reached $1.54 billion, surpassing the Zacks Consensus Estimate of $1.52 billion by 1% and increasing 6.7% from $1.44 billion year-over-year [3][8] Financial Performance - GAAP earnings were reported at $4.65 per share, a 16.1% increase from $5.54 in the prior-year period [1] - Cash flow from operating activities totaled $343.1 million, up from $249.8 million in the previous year [7] - Free cash flow increased to $313.9 million from $228.7 million year-over-year [9] Segment Performance - Instrumentation segment sales rose 3.9% year-over-year to $363.6 million, with adjusted operating income increasing 2.3% to $102.1 million [4] - Digital Imaging sales grew 2.2% to $785.4 million, although adjusted operating income declined 2% to $170.2 million [5] - Aerospace and Defense Electronics saw a significant sales increase of 37.6% to $275.5 million, with adjusted operating income rising 36.8% to $77.3 million [6] - Engineered Systems revenues fell 8.1% to $115 million, with operating income decreasing 5.4% to $12.2 million [6] Financial Condition - Cash and cash equivalents were $528.6 million as of September 28, 2025, down from $649.8 million at the end of 2024 [7] - Long-term debt decreased to $2.08 billion from $2.65 billion at the end of 2024 [7] Guidance - For the fourth quarter of 2025, Teledyne expects adjusted earnings in the range of $5.73-$5.88 per share, while the Zacks Consensus Estimate is $5.90 [10] - For the full year 2025, adjusted earnings are expected to be between $21.45-$21.60 per share, with the Zacks Consensus Estimate at $21.48 [10]