Earnings summaries and quarterly performance for TELEDYNE TECHNOLOGIES.
Executive leadership at TELEDYNE TECHNOLOGIES.
Edwin Roks
Chief Executive Officer
Cynthia Belak
Senior Vice President and Controller
George C. Bobb III
President and Chief Operating Officer
Jason VanWees
Vice Chairman
Melanie S. Cibik
Executive Vice President, General Counsel, Chief Compliance Officer and Secretary
Robert Mehrabian
Executive Chairman
Stephen F. Blackwood
Executive Vice President and Chief Financial Officer
Board of directors at TELEDYNE TECHNOLOGIES.
Denise R. Singleton
Director
Jane C. Sherburne
Director
Kenneth C. Dahlberg
Director
Michael T. Smith
Lead Independent Director
Michelle A. Kumbier
Director
Robert A. Malone
Director
Simon M. Lorne
Director
Vincent J. Morales
Director
Wesley W. von Schack
Director
Research analysts who have asked questions during TELEDYNE TECHNOLOGIES earnings calls.
Andrew Buscaglia
BNP Paribas
8 questions for TDY
Greg Konrad
Jefferies Financial Group Inc.
8 questions for TDY
James Ricchiuti
Needham & Company, LLC
8 questions for TDY
Joseph Giordano
TD Cowen
8 questions for TDY
Damian Karas
UBS
7 questions for TDY
Jordan Lyonnais
Bank of America
7 questions for TDY
Jonathan Siegmann
Stifel Financial Corp.
5 questions for TDY
Guy Hardwick
Freedom Capital Markets
4 questions for TDY
Noah Poponak
Goldman Sachs
4 questions for TDY
Robert Jamieson
Vertical Research Partners
4 questions for TDY
Kristine Liwag
Morgan Stanley
2 questions for TDY
Jordan Lane
Bank of America
1 question for TDY
Recent press releases and 8-K filings for TDY.
- Teledyne Technologies completed its acquisition of the TransponderTech business from Saab AB, forming FLIR TransponderTech AB under Teledyne’s ownership.
- The new unit will join Teledyne’s Raymarine, FLIR Marine, ChartWorld and Teledyne CARIS brands, expanding maritime technology solutions.
- FLIR TransponderTech AB will market Automatic Identification System (AIS), VHF Data Exchange System (VDES) and Global Navigation Satellite System (GNSS) products under the FLIR brand.
- The deal broadens Teledyne’s industrial, military and airborne offerings, positioning the company for continued innovation in maritime, airborne and space communication segments.
- Teledyne achieved record quarterly sales, non-GAAP EPS, and free cash flow, with sales up 6.7%, non-GAAP EPS +9.2%, and free cash flow of $313.9 million in Q3 2025.
- Raised the full-year 2025 sales outlook to $6.06 billion (from $6.03 billion), reflecting continued backlog growth and recovering commercial businesses.
- Business segments delivered mixed results: Digital Imaging sales +2.2%, Instrumentation +3.9%, Aerospace & Defense Electronics +37.6%, and Engineered Systems revenue –8.1% with operating margin +30 bps.
- Generated $343.1 million of operating cash flow, ended Q3 with $2.0 billion net debt, and spent $770 million on acquisitions YTD.
- Issued Q4 2025 EPS guidance of $4.76–$4.98 (GAAP) and $5.73–$5.88 (non-GAAP); full-year EPS outlook of $17.83–$18.05 (GAAP) and $21.45–$21.60 (non-GAAP).
- Teledyne delivered record Q3 sales up 6.7%, non-GAAP EPS up 9.2%, and free cash flow of $314 M.
- Raised full-year 2025 sales outlook by 0.5% to $6.06 B on strong backlog growth and defense demand.
- Segment performance: Digital Imaging sales +2.2% with a 1.12× book-to-bill; Instrumentation sales +3.9%; A&D Electronics sales +37.6%; Engineered Systems revenue –8.1% but margin +30 bps year-over-year.
- Ended Q3 with $2.0 B net debt, operating cash flow of $343.1 M, and raised 2025 EPS guidance to GAAP $17.83–18.05 and non-GAAP $21.45–21.60.
- Spent $770 M on acquisitions YTD, plans Saab transponder carve-out close, and remains active on further M&A with a strengthened balance sheet.
- Record net sales of $1,539.5 million, up 6.7% year-over-year
- GAAP diluted EPS of $4.65; non-GAAP diluted EPS of $5.57, up 9.2%
- Record cash from operations of $343.1 million and free cash flow of $313.9 million
- Raised full-year 2025 outlook: GAAP EPS to $17.83–$18.05 and non-GAAP EPS to $21.45–$21.60
- Consolidated leverage ratio of 1.4x and announced pending carve-out acquisition of TransponderTech
- Teledyne Technologies will acquire TransponderTech from Saab, expanding its marine technology portfolio.
- The deal includes a range of connected maritime products—AIS, VDES, and GNSS solutions—designed for commercial, military, and airborne applications.
- TransponderTech will be integrated into Teledyne FLIR’s Maritime group alongside Raymarine, FLIR Marine, and ChartWorld to enhance navigational and safety offerings.
- This marks Teledyne’s 12th corporate carve-out and third in 2025, with closing expected in Q4 2025.
- In Q2 2025, Teledyne’s segment revenues grew across the board: Digital Imaging +4.3%, Instrumentation +10.2%, Aerospace & Defense Electronics +36.2%, and Engineered Systems +3.3% year-over-year.
- Instrumentation GAAP operating margin rose to 27.6% (up 149 bps) and non-GAAP to 28.5% (up 134 bps), while overall Digital Imaging margin was essentially flat year-over-year.
- Cash flow from operations was $226.6 million versus $318.7 million a year ago, free cash flow $196.3 million versus $301.0 million, and net debt stood at $2.3 billion at quarter-end.
- Management raised Q3 EPS guidance to $4.39–4.54 (GAAP) and $5.35–5.45 (non-GAAP), and full-year 2025 EPS to $17.59–17.97 (GAAP) and $21.20–21.50 (non-GAAP).
- Book-to-bill remained robust at 1.1× for Digital Imaging and 1.2× for Industrial & Scientific Vision, marking the seventh consecutive quarter above 1.0×.
- Teledyne FLIR Defense supports SecDef Hegseth’s July 10 “Unleashing U.S. Military Drone Dominance” memo, reinforcing its commitment to equip warfighters with advanced drone systems and training.
- The Black Hornet nano-drone family, including the Black Hornet 4, has supported U.S. forces for over six years, with 33,000 units delivered to more than 45 countries.
- U.S. Army orders for Black Hornet systems under the Soldier Borne Sensor program since 2018 exceed $300 million in contracts.
- FLIR Defense opened a 13,000 sq ft support, testing, and training facility in Somerset, Kentucky, and secured Blue UAS List approval for Black Hornet 4 to streamline government procurement.
- Teledyne Technologies acquired Maretron’s Octoplex, MPower, and MConnect product lines from Littelfuse to enhance its Raymarine marine electronics integration offerings.
- This transaction marks Teledyne’s eleventh corporate carve-out and second carve-out in 2025, complementing its recent aerospace and defense electronics acquisitions.
- Raymarine will maintain Maretron’s trade name and Florida office operations to ensure service continuity and strengthen its foothold in the U.S. Southeast boating market.
- Financial terms were undisclosed; seller Littelfuse reported a $5.7 billion market cap, $2.2 billion annual revenue, and a 3.88 current ratio, underscoring operational stability.
- Black Hornet 4 approved for the U.S. Department of Defense’s Blue UAS List after NDAA and cybersecurity verification by the Defense Innovation Unit
- 70-gram nano-drone with 12-megapixel daytime camera, high-resolution thermal imaging and advanced obstacle avoidance; operates >30 minutes at distances >3 km
- Over 33,000 units delivered to 45+ countries, with U.S. Army orders exceeding $300 million since 2018 under the Soldier Borne Sensor program
- New 13,000-square-foot facility in Somerset, Kentucky, opened to support servicing, testing and training of Black Hornet systems for U.S. armed forces
- Achieved record first quarter net sales of $1,449.9M with a 7.4% sales increase vs. Q1 2024
- Delivered GAAP diluted EPS of $3.99 and non-GAAP diluted EPS of $4.95, marking record quarterly results
- Recorded operating margins of 17.9% (GAAP) and 22.0% (non-GAAP), setting new quarterly highs
- Integrated key acquisitions including Qioptiq and Micropac, alongside a capital deployment of $757.6M for acquisitions
- Demonstrated strong segment performance with the Digital Imaging segment contributing ~52% of sales (up 2.2%), while Instrumentation and Aerospace & Defense also performed robustly
- Reported resilient liquidity with operating cash flow of $242.6M, free cash flow of $224.6M, and a net debt of $2.5B
- Provided updated guidance for Q2 and full year 2025, highlighting ongoing margin improvements and strategic positioning
Quarterly earnings call transcripts for TELEDYNE TECHNOLOGIES.
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