earnings
confidence high
sentiment positive
materiality 0.80
Teledyne Q3 sales $1.31B (+75%); raises FY EPS guidance; appoints PPG CFO to board
TELEDYNE TECHNOLOGIES INC
2021-Q3 EPS reported
$6.58
revenue$3,238,600,000
- Record Q3 sales $1,311.9M (+75.2% YoY); FLIR contributed $473.6M incremental sales.
- GAAP diluted EPS $2.81 (+13.3% YoY); non-GAAP diluted EPS $4.34, excluding $92.3M acquisition charges.
- Raised FY2021 GAAP EPS guidance to $9.13-$9.29 (from $8.05-$8.45) and non-GAAP to $16.35-$16.45.
- Operating cash flow $192.8M (record Q3); repaid $300M debt; leverage ratio improved to 3.3x from 3.7x.
- Appointed Vincent J. Morales, CFO of PPG, to Board of Directors effective Nov 1, 2021.