Welcome to our dedicated page for Teledyne Tech news (Ticker: TDY), a resource for investors and traders seeking the latest updates and insights on Teledyne Tech stock.
Teledyne Technologies Incorporated reports developments across digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Its updates frequently cover quarterly operating results, acquisition integration, defense and security contract awards, and product launches tied to sensors, cameras, unmanned platforms, surveillance systems, and analytical software.
Company news also includes activity from Teledyne FLIR, Teledyne e2v, Teledyne Energy Systems, and Raymarine Commercial. Recurring themes include infrared and low-light imaging, counter-UAS and robotics technologies, maritime navigation systems, environmental and marine instrumentation, and on-site hydrogen generation for industrial and harsh-environment applications.
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Teledyne Technologies (NYSE: TDY) announced record first-quarter sales of $1,383.3 million, up 4.7% year-over-year. GAAP diluted earnings per share (EPS) fell 15.9% to $3.73, while non-GAAP EPS rose to $4.53. Operating margins improved slightly, with GAAP at 17.5% and non-GAAP at 21.1%. Cash flow from operations also set a record at $203 million. The company completed its acquisition of ChartWorld International and reduced gross debt by $400 million. Full-year 2023 GAAP diluted EPS guidance is projected between $15.80 and $16.05, while non-GAAP guidance remains stable at $19.00 to $19.20.
Teledyne Technologies (NYSE:TDY) will hold a conference call on April 26, 2023, at 8:00 a.m. Pacific to discuss its first quarter 2023 results. A press release will precede the call, detailing the financial outcomes before the New York Stock Exchange opens on the same date. Investors can access the call via the Teledyne investors page approximately ten minutes before the start. A replay will be available for a month after the event.