Teledyne Technologies Inc

TDY

Equity

ISIN null / Valor 1004743

New York Stock Exchange, Inc (2025-12-26)

USD 517.35-0.59%

Teledyne Technologies Inc
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About company

Teledyne Technologies Inc. is a diversified provider of advanced technological solutions and high-reliability products catering to industries such as aerospace and defense, factory automation, environmental monitoring, oceanographic research, and oil and gas exploration. The company’s extensive product range includes digital imaging sensors across visible, infrared, and X-ray spectra, marine and environmental monitoring instruments, electronic test and measurement equipment, as well as defense electronics and satellite communication subsystems. Teledyne emphasizes growth in its core sectors through strategic acquisitions and ongoing product development, supported by its dedicated applied research center. Operating primarily in the United States, the United Kingdom, Canada, and parts of Europe, Teledyne focuses on delivering specialized, non-commoditized solutions that address the complex needs of its diverse markets.

Summarized from source with an LLMView SourceSector: Technology

Sales and revenue

Record Q3 2025 net sales of $1,539.5M, up 6.7% year‑over‑year (includes $69.0M incremental sales from recent acquisitions).

Earnings (GAAP vs non‑GAAP)

GAAP net income attributable to Teledyne was $220.7M ($4.65 diluted EPS), down 15.8% vs Q3 2024 largely due to acquisition‑related amortization and tax items. Excluding those items, non‑GAAP net income was $264.5M ($5.57 diluted EPS), up from $241.3M ($5.10).

Margins

GAAP operating margin was 18.4% (Q3 2024: 18.8%). Non‑GAAP operating margin was 22.1% (Q3 2024: 22.5%), after excluding acquired intangible amortization, transaction/integration costs and inventory step‑up.

Cash flow and free cash flow

Record cash provided by operations of $343.1M and free cash flow of $313.9M in Q3 2025 (vs $249.8M and $228.7M in Q3 2024).

Outlook

Raised full‑year 2025 guidance: GAAP diluted EPS now $17.83–$18.05 (previously $17.59–$17.97); non‑GAAP diluted EPS raised to $21.45–$21.60 (previously $21.20–$21.50). Q4 2025 guidance: GAAP $4.76–$4.98; non‑GAAP $5.73–$5.88.

Segment performance

Aerospace & Defense Electronics led growth with net sales up 37.6% to $275.5M (driven by defense electronics and $69.0M from recent acquisitions). Instrumentation +3.9% to $363.6M. Digital Imaging +2.2% to $785.4M (slight operating income decline). Engineered Systems down 8.1% to $115.0M.

Balance sheet and leverage

Quarter‑end consolidated leverage ratio ~1.4x. Net debt was $2,004.8M (total debt $2,533.4M less $528.6M cash). Q3 actions included repurchasing $84.9M principal of fixed‑rate senior notes for $77.7M cash.

M&A and backlog

Announced a pending carve‑out acquisition of TransponderTech; management cited record new orders and robust backlog growth (noting some near‑term caution due to the U.S. Government shutdown impact on awards/shipments).

Other notable items

Q3 included $55.1M pretax acquired intangible amortization and other acquisition‑related costs; effective tax rate 19.3% (vs negative 2.8% in prior year quarter, which included significant FLIR‑related tax benefits).

Summarized from source with an LLMView Source

Key figures

8.56%1Y

31.4%3Y

34.9%5Y

Performance

23.3%1Y

22.4%3Y

24.5%5Y

Volatility