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TELEDYNE TECHNOLOGIES (TDY)

Earnings summaries and quarterly performance for TELEDYNE TECHNOLOGIES.

Recent press releases and 8-K filings for TDY.

Teledyne completes acquisition of TransponderTech
TDY
M&A
  • 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.
Oct 31, 2025, 1:31 PM
Teledyne announces Q3 2025 earnings results
TDY
Earnings
Guidance Update
M&A
  • 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).
Oct 22, 2025, 3:00 PM
Teledyne reports Q3 2025 results
TDY
Earnings
Guidance Update
M&A
  • 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.
Oct 22, 2025, 3:00 PM
Teledyne reports Q3 2025 results
TDY
Earnings
Guidance Update
M&A
  • 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
Oct 22, 2025, 11:09 AM
Teledyne to acquire TransponderTech from Saab
TDY
M&A
  • 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.
Aug 28, 2025, 12:00 PM
Teledyne reports Q2 2025 results
TDY
Earnings
Guidance Update
  • 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×.
Jul 23, 2025, 5:55 PM
Teledyne FLIR Defense backs U.S. drone readiness directive
TDY
Product Launch
New Projects/Investments
  • 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.
Jul 11, 2025, 4:30 PM
Teledyne Technologies acquires Maretron assets to expand Raymarine integration
TDY
M&A
New Projects/Investments
  • 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.
Jul 1, 2025, 6:05 PM
Teledyne Black Hornet 4 nano-drone approved for U.S. military Blue UAS List
TDY
Product Launch
  • 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
Jun 23, 2025, 8:03 AM
Teledyne Q1 2025 Record Earnings & Strategic Acquisitions Recap
TDY
Earnings
Guidance Update
M&A
Revenue Acceleration/Inflection
  • 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
Apr 23, 2025, 3:01 PM

Quarterly earnings call transcripts for TELEDYNE TECHNOLOGIES.