Teledyne Tech Stock Price, News & Analysis

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.

Teledyne FLIR Defense has showcased its Lightweight Vehicle Surveillance System (LVSS) on a HUMVEE at the AUSA annual conference. This system integrates advanced radar, cameras, and sensors to counter threats from small Unmanned Aerial Systems (sUAS). Additionally, they launched the StormCaster-E payload for enhanced imaging and the StormCaster-DX laser designator for precise targeting. This technology aims to improve mobile command and control for the Army, enhancing operational capabilities and decision-making support.

Inmarsat has partnered with Teledyne Controls to enhance digital operations for airlines in Europe through the Iris air traffic modernization program. The partnership will integrate Inmarsat's SB-S platform with Teledyne's AID+ technology, enabling real-time IP connectivity across 14,000 aircraft. Benefits include reduced delays, fuel savings, and carbon emissions, which are crucial for aviation's recovery post-COVID-19. This collaboration aims to optimize airline operations and improve ROI for Inmarsat's customers.

Teledyne DALSA has launched AxCIS, a new family of high-speed, high-resolution fully integrated line scan imaging modules designed for machine vision applications. This innovative solution combines sensors, lenses, and lights into one system, enhancing efficiency and cost-effectiveness. Utilizing Teledyne's quadlinear CMOS image sensors, AxCIS achieves line rates of up to 120 kHz for monochrome images and 60 kHz for color, all at 900 dpi resolution. The system is compact, features HDR imaging capabilities for detecting defects, and supports long-distance data transmission via Camera Link HS SFP+ interface.

Teledyne FLIR Defense has released a new whitepaper detailing the significance of precision fires and advanced Laser Target Designator technology for Group 1 UAS platforms. The whitepaper explores how these technologies can enhance operational capabilities and address current battlefield challenges, particularly in the context of modern military engagements. With the ongoing conflict in Ukraine, the demand for precision-guided munitions has become evident, as they enable targeted strikes while minimizing collateral damage. The findings highlight the U.S. military’s prioritization of such technologies.

Teledyne Technologies (NYSE:TDY) announced its subsidiary, Teledyne Brown Engineering, has secured the MOSSI II contract, valued at a potential $596.5 million. As Prime Contractor, Teledyne will oversee mission operations for the International Space Station (ISS), following over 20 years of similar support. The contract includes mission preparation, crew training, and real-time operations, starting around September 9, 2022. Teledyne Brown has dedicated over 175,000 hours of support for the ISS and aims to continue its integral role in NASA's space missions.