Teledyne Tech Stock Price, News & Analysis

Teledyne Imaging has introduced the Linea Lite series of line scan cameras, designed to enhance machine vision applications. These new cameras have a 45% smaller footprint than the original Linea and feature a proprietary CMOS image sensor. They are available in 2k and 4k resolutions with monochrome and bilinear color options. Key features include multiple regions of interest, programmable coefficient sets, and support for precision time protocol. The Linea Lite is suited for various inspections, from battery to packaging, promising a low-cost solution in a compact design.

Summary not available.

Teledyne Technologies (NYSE: TDY) announced that Jason VanWees, Executive VP, will attend the 16th Annual Needham Virtual Technology & Media Conference on May 19. The latest investor presentation will be available on the company’s website. Teledyne is a leader in digital imaging products, software, and defense electronics, with operations in the U.S., Canada, the U.K., and Europe. The presentation contains forward-looking statements that entail risks, including COVID-19 impacts, integration challenges with FLIR, and market uncertainties.

Teledyne CML Composites has made a significant investment in a new Thermoplastic processing cell in collaboration with the National Composites Centre (NCC) in the UK. This new facility features advanced press and oven systems capable of processing reinforced Thermoplastics like PEEK and PEKK, enhancing capacity for commercial and defense aerospace manufacturing. The investment aligns with Teledyne CML's long-term growth strategy in aerospace, improving production efficiency with reduced cycle times and sustainability. The new capabilities support both thermoplastic and thermoset production.

Teledyne Storm Microwave has launched the Storm-Test™ series of cables designed for Vector Network Analyzers (VNA), enhancing phase stability and extending the lifespan of test leads. The new cables feature advanced bend protection and a braided FEP jacket for durability, making them suitable for demanding applications in military and aerospace sectors. Testing indicates these cables last longer than competitors, saving time and costs for customers. They offer customization options and are available for immediate order.

Teledyne Technologies (NYSE:TDY) reported first quarter 2021 sales of $805.7 million, up 2.7% from the previous year. GAAP diluted EPS rose to $2.23, a 3.0% increase. Adjusted diluted EPS surged 39.2% to $3.02, excluding $39.0 million in charges related to the acquisition of FLIR Systems. The operating margin improved to 16.8%. Cash flow from operations climbed to $124.9 million. Teledyne raised its full-year earnings forecast to $12.00 - $12.20 per share. Completion of the FLIR acquisition is anticipated for May 14, 2021.

Teledyne Technologies Incorporated (NYSE:TDY) announced its 2021 Annual Meeting of Stockholders will be held virtually on April 28, 2021, at 9:00 a.m. Pacific due to COVID-19 concerns. Stockholders of record as of March 3, 2021, can access the meeting online starting at 8:45 a.m. Pacific. Beneficial owners must register in advance to participate. Shareholders are encouraged to vote their shares electronically during the meeting. Teledyne is a leader in digital imaging and engineered systems, with operations mainly in the U.S., Canada, and Europe.

Teledyne Technologies (NYSE:TDY) will host a conference call on April 28, 2021, at 8:00 a.m. Pacific to discuss its Q1 2021 financial results. A press release detailing these results will be available before the NYSE opens on the same day. Teledyne is recognized for its advanced instrumentation, digital imaging, aerospace and defense electronics, and engineered systems, with operations primarily in the US, Canada, the UK, and Europe. For access to the call, visit Teledyne's investor page.

Teledyne Technologies (NYSE: TDY) has announced the SEC's effective declaration of the Form S-4 Registration Statement for its acquisition of FLIR Systems (NASDAQ: FLIR). Scheduled special meetings for stockholder approvals will take place on May 13, 2021. Teledyne has received antitrust clearances from regulatory authorities in Poland, South Korea, Germany, Canada, and the U.S. The acquisition's financing, totaling $3 billion in bonds and $1 billion in a term loan, was completed on March 22, 2021. The deal is expected to finalize in Q2 2021, pending approvals from Turkey and China.