earnings
confidence high
sentiment positive
materiality 0.80
Teledyne Q2 record sales $1.12B, non-GAAP EPS $4.61; FLIR acquisition closed May 14
TELEDYNE TECHNOLOGIES INC
2021-Q2 EPS reported
$3.66
revenue$1,926,700,000
- Sales $1.121B (+50.8% YoY); GAAP EPS $1.48, non-GAAP EPS $4.61 (excl. $150.7M acquisition costs).
- Non-GAAP operating margin 22.8% vs. 16.1% YoY; FLIR contributed $301.4M incremental sales.
- Digital Imaging sales $579.5M (+143.9%) driven by FLIR and organic growth; operating income $84.6M.
- FLIR acquisition for $8.1B closed May 14; annualized cost-savings target of $80M now expected by end of 2022.
- FY2021 guidance: GAAP EPS $8.05–$8.45, non-GAAP EPS $15.25–$15.50; Q3 non-GAAP EPS $3.55–$3.65.