Teledyne reports record Q3 sales $1.4B, raises FY2023 EPS guidance

TELEDYNE TECHNOLOGIES INC

2023-Q3 EPS reported $11.75 revenue$4,210,500,000

Record Q3 sales $1,402.5M (+2.9% YoY); GAAP EPS $4.15 vs $3.74; non-GAAP EPS $5.05 vs $4.54.
Record GAAP operating margin 18.8%; non-GAAP 22.8% (both all-time highs).
Raised FY2023 GAAP EPS outlook to $15.82-$15.96 from $15.60-$15.88; non-GAAP to $19.20-$19.30.
Digital Imaging $775.8M (-0.3%); Instrumentation $329.1M (+7.4%); A&D Electronics $183.3M (+8.1%).
Acquired Xena Networks on Oct 13, 2023; net debt reduced to $2.74B; free cash flow $255.2M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TELEDYNE TECHNOLOGIES INC reported third quarter 2023 results: revenue $1,402.5 million, net income $198.6 million ($4.15 diluted earnings per share), EPS $4.15. Guidance raised.

Period: third quarter 2023
Revenue: $1,402.5 million
Net income: $198.6 million ($4.15 diluted earnings per share)
EPS: $4.15
Guidance: raised
Result: reported results

Exact text from the filing

Teledyne today reported third quarter 2023 net sales of $1,402.5 million, compared with net sales of $1,363.6 million for the third quarter of 2022, an increase of 2.9%. Net income attributable to Teledyne was $198.6 million ($4.15 diluted earnings per share) for the third quarter of 2023, compared with $178.3 million ($3.74 diluted earnings per share) for the third quarter of 2022, an increase of 11.4%.

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Source: SEC EDGAR

accession 0001094285-23-000122

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