secwatch.observer — SEC 8-K summary
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Issuer:     TELEDYNE TECHNOLOGIES INC (TDY)
CIK:        0001094285
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001094285-24-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Teledyne Q1 non-GAAP EPS $4.55 record; slashes FY 2024 guidance; $1.25B buyback
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- Q1 GAAP EPS $3.72 vs $3.73 YoY; non-GAAP EPS $4.55 (record Q1) vs $4.53; revenue $1,350.1M (-2.4% YoY).
- Full-year GAAP EPS guidance cut to $16.02-$16.27 from prior $17.15-$17.53; non-GAAP to $19.25-$19.45 from $20.35-$20.68.
- Weakness in short-cycle imaging and instrumentation (industrial automation, test & measurement) drove guidance reduction.
- New $1.25B stock repurchase authorization; plans ~$250-300M in near-term buybacks.
- Record Q1 free cash flow $275.1M; completed Valeport acquisition; pending Adimec acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1094285/000109428524000052/0001094285-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1094285/000109428524000052/tdy-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001094285-24-000052

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