earnings
confidence high
sentiment positive
materiality 0.80
Teledyne Q3 2024: record sales $1.44B, EPS $5.54 beat; raises FY2024 GAAP EPS outlook to $17.28-$17.42
TELEDYNE TECHNOLOGIES INC
2024-Q3 EPS reported
$13.01
revenue$4,167,700,000
- Record Q3 sales of $1,443.5M (+2.9% YoY); GAAP EPS $5.54 vs $4.15 a year ago (+33.5%).
- Non-GAAP EPS $5.10 vs $5.05 YoY; non-GAAP operating margin 22.5% (down from 22.8%).
- Raised FY2024 GAAP EPS guidance to $17.28-$17.42 from $15.87-$16.13; non-GAAP narrowed to $19.35-$19.45.
- Generated $249.8M operating cash flow and $228.7M free cash flow; YTD stock repurchases ~$354M.
- Digital Imaging sales dipped 1% but Instrumentation (+6.3%), AeroDef (+9.2%) and Engineered Systems (+9.4%) grew.