secwatch.observer — SEC 8-K summary
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Issuer:     TELEDYNE TECHNOLOGIES INC (TDY)
CIK:        0001094285
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001094285-22-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Teledyne posts record Q1 revenue of $1.32B, adjusted EPS $4.27; lifts FY22 GAAP EPS outlook to $15.34-$15.66
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- Record Q1 sales $1,321M (+64% YoY); GAAP diluted EPS $4.46 vs $2.23; non-GAAP EPS $4.27 vs $3.19.
- FY22 GAAP EPS outlook raised to $15.34-$15.66 from $14.10-$14.55; non-GAAP outlook narrowed to $17.75-$18.00.
- Digital Imaging segment sales $750.5M (+185%), including $452.6M from FLIR acquisition; operating margin improved.
- Cash used in ops $216.7M due to $296.4M payment to Swedish Tax Authority related to FLIR; adjusted free cash flow $58.7M.
- Effective tax rate negative 4.7% reflecting $50M net discrete tax benefit from resolution of FLIR tax reserves.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1094285/000109428522000055/0001094285-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1094285/000109428522000055/tdy-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001094285-22-000055

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