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Teledyne Technologies Reports Second Quarter Results

1. Teledyne Technologies reports record sales of $1.51 billion in Q2 2023. 2. Earnings per share rise to $4.43 GAAP, $5.20 non-GAAP, indicating strong performance.

Earnings
-0.73%Current Return
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+1.02%S&P 500
$555.9507/23 07:00 AM EDTEvent Start
$551.8807/24 01:45 PM EDTLatest Updated
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FAQ

Why Very Bullish?

The reported record sales and earnings outperformance reflect strong financial health, similar to TDY's previous quarterly growth.

How important is it?

The significant net sales and earnings increase signals robust company performance, likely to influence TDY's market sentiment positively.

Why Short Term?

Strong quarterly performance typically boosts investor confidence in the immediate term.

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LHXNOCBAGD
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) Record quarterly net sales of $1,513.7 million, an increase of 10.2% compared with last year Record second quarter GAAP diluted earnings per share of $4.43 and non-GAAP diluted earnings per share of $5.20 Second quarter GAAP operating margin of 18.4% and second quarter non-GAAP operating margin of 22.2% Second quarter cash from operations of $226.6 million and free cash flow of $196.3 million Raising full year.

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