earnings
confidence high
sentiment positive
materiality 0.80
Teledyne reports record Q4 sales of $1.38B (+70% YoY); GAAP EPS $3.39, non-GAAP $4.56
TELEDYNE TECHNOLOGIES INC
2021-FY EPS reported
$10.05
revenue$4,614,300,000
- Record quarterly sales $1,375.7M, up 70% YoY, driven by FLIR acquisition contribution of $498.6M.
- Q4 GAAP operating margin 14.2%; non-GAAP operating margin 21.5%, up 250 bps YoY.
- Full-year 2021 GAAP EPS $10.05, non-GAAP EPS $16.86; record cash flow from operations $824.6M.
- Leverage ratio fell to 2.9x from 3.8x in May 2021; expects to pay $303M Swedish tax in Q1 2022.
- FY2022 guidance: GAAP EPS $14.10-$14.55 and non-GAAP EPS $17.60-$18.00, above pre-acquisition levels.