earnings
confidence high
sentiment positive
materiality 0.85
Teledyne Q3 record sales $1.36B, GAAP EPS $3.74; raises FY2022 guidance
TELEDYNE TECHNOLOGIES INC
2022-Q3 EPS reported
$11.79
revenue$4,040,400,000
- Record Q3 sales of $1,363.6M (+3.9% YoY); GAAP EPS $3.74 vs $2.81; non-GAAP EPS $4.54 vs $4.34.
- Raises FY2022 GAAP EPS outlook to $15.46-$15.60 (from $15.13-$15.45); non-GAAP to $17.70-$17.80.
- Record GAAP operating margin 18.0%; non-GAAP 21.6%. Cash from operations $268.9M, up 39.5%.
- Digital Imaging sales $777.9M (+2.3%); op income $133.7M (+40.9%, prior year had $35.2M inventory step-up).
- Announced agreement to acquire ETM-Electromatic, complementary to defense and healthcare imaging.