Teledyne Tech Stock Price, News & Analysis

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.

Teledyne Technologies (NYSE:TDY) announced that Vice Chairman Jason VanWees will participate in the Baird 2022 Global Industrial Conference on November 10. The latest investor presentation will be accessible on Teledyne's website for stakeholders and potential investors. Teledyne, known for its advanced detailed imaging products and aerospace solutions, operates primarily in the U.S., Canada, U.K., and Europe. The company cautions that forward-looking statements in the presentation involve risks and uncertainties that could affect future results.

Teledyne FLIR Defense has introduced the new MUVE™ R430 drone sensor payload, designed for remote detection and identification of radiation sources. This advanced system enhances safety by enabling quicker responses during radiation events. The R430, which integrates with Teledyne's SkyRanger® R70 and R80D SkyRaider™ drones, offers features like contamination mapping and audible alerts. The product is the third in the MUVE series, following the introduction of payloads for biological and chemical hazard detection. Teledyne continues to invest in sensing technologies for comprehensive mission solutions.

Teledyne DALSA has launched the Genie Nano-10GigE camera series, featuring the industry’s smallest 67 MP camera designed for high-performance image capture. These cameras utilize Teledyne e2v’s advanced 67M and 37M sensors, enhancing integration for applications requiring quick data transfer. The series supports full resolution image transfer at up to 15 fps, with additional features like wider temperature ranges and PTP synchronization. Applications span various industries, including electronics manufacturing and aerial imaging.

Teledyne Technologies (NYSE: TDY) reported record third quarter 2022 sales of $1,363.6 million, a 3.9% increase from the previous year. The company achieved a GAAP diluted EPS of $3.74 and a non-GAAP diluted EPS of $4.54, reflecting a 33% increase in net income to $178.3 million. Teledyne increased its full-year GAAP earnings outlook to $15.46-$15.60 and non-GAAP to $17.70-$17.80. Operating margins stood at 18.0% GAAP and 21.6% non-GAAP. The company also reported record cash flow from operations of $268.9 million and announced plans to acquire ETM-Electromatic.

Teledyne Technologies (NYSE:TDY) announced the acquisition of ETM-Electromatic, Inc., a Newark-based company specializing in high-power microwave and X-ray subsystems for cancer treatment, defense, and security. While financial terms remain undisclosed, this acquisition aims to enhance Teledyne's healthcare imaging and defense electronics sectors. ETM's established capabilities in vacuum electron devices and microwave technologies will accelerate Teledyne's offerings in these areas, providing subsystems for various applications. The deal is subject to customary closing conditions.

Teledyne FLIR Defense has secured a $48.7 million contract to deliver Maritime Forward Looking Infrared (MARFLIR) II sensors and SeaFLIR® 280-HD surveillance systems to the United States Coast Guard (USCG). These systems will be utilized for both new Cutters and as upgrades for existing units. The SeaFLIR 280-HD enhances surveillance capabilities, supporting missions in port security, drug interdiction, and search & rescue. Work is expected to be completed by March 2027, reinforcing Teledyne's commitment to advanced imaging technology in defense applications.

Teledyne Technologies (NYSE:TDY) will hold a conference call on October 26, 2022 at 8:00 a.m. Pacific to discuss its third quarter 2022 results. The financial results will be released prior to the stock market opening on the same day. Investors can access the call via Teledyne’s investor relations website and a replay will be available for one month post-call. Teledyne specializes in digital imaging products, instrumentation, and aerospace electronics, with operations primarily in the US, Canada, the UK, and Europe.