Teledyne reports record Q1 sales $1.38B, non-GAAP EPS $4.53; reaffirms FY guidance

TELEDYNE TECHNOLOGIES INC

2023-Q1 EPS reported $3.73 revenue$1,383,300,000

Record Q1 sales $1,383.3M (+4.7% YoY); GAAP EPS $3.73, non-GAAP EPS $4.53 (record).
Record Q1 cash from operations $203.0M; gross debt reduced by $400M including $300M post-quarter maturity.
All segments grew: Digital Imaging +2.9%, Instrumentation +8.0%, A&D Electronics +4.2%, Engineered Systems +9.1%.
Reiterates FY2023 non-GAAP EPS outlook $19.00-$19.20; full-year GAAP EPS $15.80-$16.05.
Completed ChartWorld acquisition; leverage ratio declined to 2.3x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TELEDYNE TECHNOLOGIES INC reported first quarter 2023 results: revenue $1,383.3 million, net income $178.7 million ($3.73 diluted earnings per share), EPS $3.73. Guidance reaffirmed.

Period: first quarter 2023
Revenue: $1,383.3 million
Net income: $178.7 million ($3.73 diluted earnings per share)
EPS: $3.73
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Teledyne today reported first quarter 2023 net sales of $1,383.3 million, compared with net sales of $1,321.0 million for the first quarter of 2022, an increase of 4.7%. Net income attributable to Teledyne was $178.7 million ($3.73 diluted earnings per share) for the first quarter of 2023

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Source: SEC EDGAR

accession 0001094285-23-000058

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