earnings
confidence high
sentiment neutral
materiality 0.75
Teledyne Q2 revenue $1.36B +21% YoY; lowers FY GAAP EPS guide to $15.13-$15.45
TELEDYNE TECHNOLOGIES INC
2022-Q2 EPS reported
$8.05
revenue$2,676,800,000
- Record Q2 sales $1,355.8M (+20.9% YoY) with organic growth 8.2%; FLIR contributed $167.6M.
- GAAP diluted EPS $3.59 vs $1.48 in Q2 2021; non-GAAP EPS $4.43 vs $4.61.
- FY2022 GAAP EPS guidance cut to $15.13-$15.45 (prior $15.34-$15.66); non-GAAP to $17.45-$17.70 (prior $17.75-$18.00).
- Record quarterly orders, backlog >$3.0B; FLIR orders 25% above sales.
- Net leverage ratio 2.5x; completed bolt-on acquisition of NL Acoustics at Teledyne FLIR.