Welcome to our dedicated page for Teledyne Technologies Incorporated news (Ticker: TDY), a resource for investors and traders seeking the latest updates and insights on Teledyne Technologies Incorporated stock.
Teledyne Technologies Incorporated (symbol: TDY) is a leading provider of sophisticated electronic components, instruments, and communications products. The company excels in various domains including defense electronics, data acquisition, communications equipment for airlines and business aircraft, monitoring and control instruments for industrial and environmental applications, as well as components and subsystems for wireless and satellite communications.
The Teledyne Solution: Teledyne has solutions to meet diverse challenges. Their segments bring decades of expertise, working together to develop leading-edge technologies. They serve niche markets where performance, precision, and reliability are vital, with customers including major industrial and communications companies, government agencies, aerospace prime contractors, and general aviation companies.
Business Segments:
- Instrumentation: Provides monitoring instruments primarily for marine and environmental applications.
- Digital Imaging: The largest revenue contributor, includes image sensors and cameras for industrial, government, and medical customers.
- Aerospace and Defense Electronics: Supplies electronic components and communication products for aircraft.
- Engineered Systems: Offers solutions for defense, space, environmental, and energy applications.
Teledyne Technologies generates approximately a fourth of its revenue from contracts with the United States government. Recent achievements include expanding their product offerings and securing significant contracts in various sectors. The company's strategic partnerships and continuous innovation have solidified its position as a prominent player in the technology and defense industries.
Teledyne FLIR, a part of Teledyne Technologies (NYSE: TDY), has launched the FLIR ONE® Edge Pro, a wireless thermal-visible camera compatible with mobile devices. This model allows for flexible thermal inspections without needing physical connections or specific operating systems. Features include a detachable design, IP54 rating, and a range of up to 30 meters via Bluetooth and Wi-Fi. Enhanced image quality is achieved through VividIR™ and MSX® technologies. The device is now available for order worldwide starting November 10, with various software tools for improved usability.
Teledyne Technologies (NYSE:TDY) announced that Vice Chairman Jason VanWees will participate in the Baird 2022 Global Industrial Conference on November 10. The latest investor presentation will be accessible on Teledyne's website for stakeholders and potential investors. Teledyne, known for its advanced detailed imaging products and aerospace solutions, operates primarily in the U.S., Canada, U.K., and Europe. The company cautions that forward-looking statements in the presentation involve risks and uncertainties that could affect future results.
Teledyne FLIR Defense has introduced the new MUVE™ R430 drone sensor payload, designed for remote detection and identification of radiation sources. This advanced system enhances safety by enabling quicker responses during radiation events. The R430, which integrates with Teledyne's SkyRanger® R70 and R80D SkyRaider™ drones, offers features like contamination mapping and audible alerts. The product is the third in the MUVE series, following the introduction of payloads for biological and chemical hazard detection. Teledyne continues to invest in sensing technologies for comprehensive mission solutions.
Teledyne DALSA has launched the Genie Nano-10GigE camera series, featuring the industry’s smallest 67 MP camera designed for high-performance image capture. These cameras utilize Teledyne e2v’s advanced 67M and 37M sensors, enhancing integration for applications requiring quick data transfer. The series supports full resolution image transfer at up to 15 fps, with additional features like wider temperature ranges and PTP synchronization. Applications span various industries, including electronics manufacturing and aerial imaging.
Teledyne Technologies (NYSE: TDY) reported record third quarter 2022 sales of $1,363.6 million, a 3.9% increase from the previous year. The company achieved a GAAP diluted EPS of $3.74 and a non-GAAP diluted EPS of $4.54, reflecting a 33% increase in net income to $178.3 million. Teledyne increased its full-year GAAP earnings outlook to $15.46-$15.60 and non-GAAP to $17.70-$17.80. Operating margins stood at 18.0% GAAP and 21.6% non-GAAP. The company also reported record cash flow from operations of $268.9 million and announced plans to acquire ETM-Electromatic.
Teledyne Technologies (NYSE:TDY) announced the acquisition of ETM-Electromatic, Inc., a Newark-based company specializing in high-power microwave and X-ray subsystems for cancer treatment, defense, and security. While financial terms remain undisclosed, this acquisition aims to enhance Teledyne's healthcare imaging and defense electronics sectors. ETM's established capabilities in vacuum electron devices and microwave technologies will accelerate Teledyne's offerings in these areas, providing subsystems for various applications. The deal is subject to customary closing conditions.
Teledyne FLIR Defense has secured a $48.7 million contract to deliver Maritime Forward Looking Infrared (MARFLIR) II sensors and SeaFLIR® 280-HD surveillance systems to the United States Coast Guard (USCG). These systems will be utilized for both new Cutters and as upgrades for existing units. The SeaFLIR 280-HD enhances surveillance capabilities, supporting missions in port security, drug interdiction, and search & rescue. Work is expected to be completed by March 2027, reinforcing Teledyne's commitment to advanced imaging technology in defense applications.
Teledyne Technologies (NYSE:TDY) will hold a conference call on October 26, 2022 at 8:00 a.m. Pacific to discuss its third quarter 2022 results. The financial results will be released prior to the stock market opening on the same day. Investors can access the call via Teledyne’s investor relations website and a replay will be available for one month post-call. Teledyne specializes in digital imaging products, instrumentation, and aerospace electronics, with operations primarily in the US, Canada, the UK, and Europe.
Teledyne FLIR Defense has showcased its Lightweight Vehicle Surveillance System (LVSS) on a HUMVEE at the AUSA annual conference. This system integrates advanced radar, cameras, and sensors to counter threats from small Unmanned Aerial Systems (sUAS). Additionally, they launched the StormCaster-E payload for enhanced imaging and the StormCaster-DX laser designator for precise targeting. This technology aims to improve mobile command and control for the Army, enhancing operational capabilities and decision-making support.
Inmarsat has partnered with Teledyne Controls to enhance digital operations for airlines in Europe through the Iris air traffic modernization program. The partnership will integrate Inmarsat's SB-S platform with Teledyne's AID+ technology, enabling real-time IP connectivity across 14,000 aircraft. Benefits include reduced delays, fuel savings, and carbon emissions, which are crucial for aviation's recovery post-COVID-19. This collaboration aims to optimize airline operations and improve ROI for Inmarsat's customers.
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