Teledyne Tech Stock Price, News & Analysis

Teledyne Geospatial launched the Galaxy Onboard on February 9, 2023, a solution designed for airborne surveyors that facilitates real-time quality-controlled data processing. This innovation lowers the entry barrier for organizations involved in airborne mapping, eliminating the need for extensive training. Galaxy Onboard significantly enhances turnaround times for various applications, including emergency response during disasters like hurricanes and floods, by processing 3D data on the fly. The solution integrates a rugged onboard computer and real-time processing engine, aiming to boost data integrity and operational confidence.

Teledyne FLIR Defense, a unit of Teledyne Technologies (NYSE:TDY), has secured a $13.3 million contract from the U.S. Department of Defense. This contract aims to enhance the R80D SkyRaider unmanned aerial system for autonomous chemical, biological, radiological, and nuclear reconnaissance missions. Key improvements include the integration of advanced flight control software, allowing the drone to operate without direct human control, minimizing soldiers' exposure to toxic threats. Initial deliveries are expected in fall 2023, with a contract period of 33 months if all options are exercised.

Teledyne Technologies (NYSE:TDY) reported record quarterly sales of $1,418.2 million, reflecting a 3.1% increase year-over-year. The company achieved GAAP diluted earnings per share of $4.74 and non-GAAP EPS of $4.94. For 2022, annual sales reached $5,458.6 million, a substantial 18.3% increase, with net income up 77.1% to $788.6 million. The company anticipates full year 2023 GAAP EPS between $15.80 and $16.10, and non-GAAP EPS between $19.00 and $19.20. The successful acquisition of ETM along with a decline in the Consolidated Leverage Ratio to 2.4x showcased strong business development.

Teledyne Technologies (NYSE:TDY) will hold a conference call on January 25, 2023, at 8:00 a.m. Pacific to discuss its fourth quarter and full year 2022 results. The financial results will be released before the stock market opens on the same date. Investors can access the call via the Teledyne website approximately ten minutes prior to the start time. A replay will be available for a month following the call. Teledyne is recognized for its expertise in digital imaging products, instrumentation, and aerospace and defense electronics, with operations primarily in the US, Canada, UK, and Europe.

Teledyne Technologies (NYSE:TDY) announced that Vice Chairman Jason VanWees will present at the 25th Annual Needham Virtual Growth Conference on January 12, 2023. The investor presentation will be available on Teledyne's website. The company specializes in digital imaging, instrumentation, aerospace, and defense electronics. Teledyne's operations span across the U.S., Canada, the UK, and Northern Europe. Forward-looking statements in the presentation are subject to risks, including supply chain challenges, rising interest rates, and geopolitical tensions.

Teledyne e2v, part of Teledyne Technologies (NYSE: TDY), has launched the Hydra3D+, a Time-of-Flight (ToF) CMOS image sensor with 832 x 600 pixel resolution. The sensor features a new 10 µm three-tap pixel that allows very fast transfer times and provides high sensitivity in the NIR wavelength. Its design aims to eliminate motion artifacts and handle multiple active systems concurrently. With high resolution and on-chip HDR capabilities, Hydra3D+ is suited for various applications, including factory automation and outdoor environments. Documentation and support tools are available upon request.

Teledyne Technologies (NYSE:TDY) has acquired ChartWorld International Limited, a prominent provider of digital marine navigation hardware and software. ChartWorld offers a subscription-based service that includes Electronic Chart Display and Information Systems (ECDIS), lifetime warranties, and global support. This acquisition bridges a technology gap between Teledyne Marine and Raymarine, enhancing software capabilities and recurring revenue, while extending their market reach to commercial Safety of Life at Sea (SOLAS) vessels. Financial details of the transaction were not disclosed.

Teledyne DALSA announces the launch of its new Axios IGZO-based X-ray detectors, set to debut at the RSNA 2022 Technical Exhibition in Chicago from November 27 to December 1. The Axios series aims to bridge the performance gap between amorphous silicon and CMOS detectors, offering high image quality for demanding medical applications. These detectors promise significant cost savings and better diagnostic outcomes compared to traditional CMOS technologies, featuring artifact-free images and enhanced signal-to-noise ratios.

Teledyne FLIR, a part of Teledyne Technologies (NYSE: TDY), has launched the FLIR ONE^® Edge Pro, a wireless thermal-visible camera compatible with mobile devices. This model allows for flexible thermal inspections without needing physical connections or specific operating systems. Features include a detachable design, IP54 rating, and a range of up to 30 meters via Bluetooth and Wi-Fi. Enhanced image quality is achieved through VividIR™ and MSX^® technologies. The device is now available for order worldwide starting November 10, with various software tools for improved usability.