Teledyne Tech Stock Price, News & Analysis

Teledyne Imaging Group will host a virtual event from November 17-19, 2020, showcasing innovative imaging solutions. The sessions will include topics such as machine learning, high-resolution imaging, 3D sensing, and CMOS sensors, led by industry experts. Each day features two sessions, starting with Clarity at High Speed and concluding with Evolving CMOS Sensor Technology. Participants can sign up for one or more sessions to explore advancements in imaging technology essential for next-generation vision systems.

Teledyne Technologies reported third quarter 2020 net sales of $749.0 million, down 6.6% from $802.2 million in Q3 2019. Net income also decreased 12.0% to $93.9 million ($2.48 per diluted share). Operating margin improved to 16.4%, and free cash flow reached a record $135.1 million for the quarter, totaling $330.5 million year-to-date. The outlook for full-year GAAP EPS is narrowed to $9.70 to $10.00. Despite segment declines, management highlighted strength in the acquisition pipeline and a robust balance sheet.

Teledyne Technologies Incorporated (NYSE:TDY) appointed Michelle A. Kumbier to its Board of Directors effective October 20, 2020, increasing the board size to 11 members. Kumbier, previously Chief Operating Officer at Harley-Davidson, brings over 30 years of experience in product development, commercial management, and supply chain procurement. Her expertise is expected to enhance Teledyne's strategic initiatives. She holds an MBA from the University of Wisconsin and has been a board member at Abbott Laboratories since 2018, advocating for diversity and inclusion.

Teledyne Imaging has launched the Z-Trak2, a new family of 3D profile sensors designed for high-speed, in-line height measurement in various industries such as electronics and automotive. The sensors offer scan speeds up to 45,000 profiles per second and include built-in HDR and reflection compensation algorithms. The S-2K and V-2K series provide tailored solutions with 2,000 points per profile and IP67 enclosures for durability. Additionally, the Sapera Z-Expert software enhances configuration and visualization capabilities for the Z-Trak family.

NASA's OSIRIS-REx mission, aimed at sampling asteroid Bennu, is set for a critical maneuver on October 20, with material expected to return to Earth in September 2023. Teledyne Technologies (NYSE: TDY) has played a vital role by supplying imaging technologies, including CCD sensors and lidars, which have operated flawlessly throughout the mission. The asteroid's hazardous landscape has posed challenges, necessitating precise 3-D mapping and surface composition analysis to select the best sampling site. Teledyne's contributions highlight its commitment to exploration.

Teledyne DALSA, a leader in digital X-ray imaging technology, is showcasing its innovations at the China Medical Equipment Fair from October 19-22 in Shanghai. Attendees can preview advanced software for tomosynthesis reconstruction designed for high-performance imaging. Teledyne's CMOS X-ray detectors offer superior resolution and low dose signal-to-noise performance, ideal for various medical applications. The company's booth will feature discussions on the latest advancements in medical imaging technology.

Teledyne Technologies (NYSE:TDY) will hold a conference call on October 21, 2020, at 8:00 a.m. Pacific Time to discuss its third quarter 2020 financial results. A press release with these results will be issued before the NYSE opens on the same day. Investors can access the call at www.teledyne.com roughly ten minutes prior to the start time. The conference call replay will be available for one month post-event.

Teledyne Imaging has expanded its camera portfolio with the introduction of new models featuring Sony Pregius sensors. This includes the Genie Nano-1G and Lt Series cameras, designed for improved performance in low-light conditions. The new cameras offer resolutions ranging from 0.5 to 7.1 million pixels, delivering high dynamic range and low read noise. The addition of six new GigE and USB3 models enhances the range for various applications including machine vision and industrial automation.

Teledyne DALSA has launched the Sapera Vision Software Edition 2020-09, featuring the new Astrocyte AI application for neural network training on 2D images. This software allows users to develop high-performance machine vision applications with capabilities in classification, object detection, and noise reduction. Key features include a user-friendly interface, local training for data privacy, and performance visualization tools. The update positions Teledyne DALSA to enhance its offerings in various sectors, including automotive and medical imaging.