Teledyne Tech Stock Price, News & Analysis

Teledyne CARIS has announced funding from Canada’s Ocean Supercluster to develop the CARIS Cloud Technology Project, aimed at enhancing hydrographic processing and charting for remote operations. The project focuses on three areas: enhancing desktop products for global access, supporting remote mapping operations for ocean robotics, and providing virtual training on the CARIS Cloud Platform. Collaborations include partners like Ocean Floor Geophysics and Canadian universities.

Teledyne Imaging, a part of Teledyne Technologies, has announced the development of a new generation of CMOS sensors and cameras aimed at scientific and commercial markets. The initiative focuses on combining CCD and CMOS technologies to meet rising demands for performance, featuring designs with resolutions up to 66 megapixels and quantum efficiency reaching 95%. Prototypes are expected by Q4 of 2021, with full production planned for 2022. This project leverages over five decades of experience across Teledyne's various business units.

Teledyne Brown Engineering (TBE), a division of Teledyne Technologies (NYSE:TDY), has secured an $85 million contract modification from NASA to supply two additional Launch Vehicle Stage Adapters (LVSA) for the Artemis II and III missions. The LVSA are crucial components for the Space Launch System, facilitating the separation between the rocket's Core Stage and the Interim Cryogenic Propulsion Stage. TBE is committed to its ongoing partnership with Marshall Space Flight Center, having previously delivered the LVSA Structural Test Article in 2016 and Flight Unit 1 in July 2020.

Teledyne Technologies (NYSE:TDY) announced that Executive Vice President Jason VanWees will present at the Baird 2020 Global Industrial Virtual Conference on November 11 at 1:25 p.m. (Eastern). A live webcast of the presentation will be accessible via the company's website. Teledyne is known for its sophisticated instrumentation, digital imaging products, and aerospace electronics, with operations in the U.S., Canada, the UK, and Europe. The company also provided a cautionary notice about forward-looking statements related to various factors, including the impact of COVID-19 and government spending.

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.