earnings
confidence high
sentiment positive
materiality 0.75
Teledyne Q2 sales $1.374B (-3.6% YoY); GAAP EPS $3.77, non-GAAP $4.58; record free cash flow $301M
TELEDYNE TECHNOLOGIES INC
2024-Q2 EPS reported
$7.49
revenue$2,724,200,000
- Revenue $1,374.1M (-3.6% YoY); GAAP diluted EPS $3.77 (-2.8%); non-GAAP diluted EPS $4.58.
- Record cash from operations $318.7M and free cash flow $301.0M; orders > sales for third consecutive quarter; record backlog.
- FY2024 guidance affirmed: GAAP EPS $15.87-$16.13, non-GAAP $19.25-$19.45; total revenue growth 4%-6% YoY.
- Q2 capital deployment: $193.8M stock repurchases (0.6M shares at avg $250.73), $450M debt maturity payment, $123.6M acquisitions (Valeport & Adimec); $500M remaining under repurchase program.