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 Geospatial launched the Galaxy Onboard on February 9, 2023, a solution designed for airborne surveyors that facilitates real-time quality-controlled data processing. This innovation lowers the entry barrier for organizations involved in airborne mapping, eliminating the need for extensive training. Galaxy Onboard significantly enhances turnaround times for various applications, including emergency response during disasters like hurricanes and floods, by processing 3D data on the fly. The solution integrates a rugged onboard computer and real-time processing engine, aiming to boost data integrity and operational confidence.
Teledyne FLIR Defense, a unit of Teledyne Technologies (NYSE:TDY), has secured a $13.3 million contract from the U.S. Department of Defense. This contract aims to enhance the R80D SkyRaider unmanned aerial system for autonomous chemical, biological, radiological, and nuclear reconnaissance missions. Key improvements include the integration of advanced flight control software, allowing the drone to operate without direct human control, minimizing soldiers' exposure to toxic threats. Initial deliveries are expected in fall 2023, with a contract period of 33 months if all options are exercised.
Teledyne Technologies (NYSE:TDY) reported record quarterly sales of $1,418.2 million, reflecting a 3.1% increase year-over-year. The company achieved GAAP diluted earnings per share of $4.74 and non-GAAP EPS of $4.94. For 2022, annual sales reached $5,458.6 million, a substantial 18.3% increase, with net income up 77.1% to $788.6 million. The company anticipates full year 2023 GAAP EPS between $15.80 and $16.10, and non-GAAP EPS between $19.00 and $19.20. The successful acquisition of ETM along with a decline in the Consolidated Leverage Ratio to 2.4x showcased strong business development.
Teledyne Technologies (NYSE:TDY) will hold a conference call on January 25, 2023, at 8:00 a.m. Pacific to discuss its fourth quarter and full year 2022 results. The financial results will be released before the stock market opens on the same date. Investors can access the call via the Teledyne website approximately ten minutes prior to the start time. A replay will be available for a month following the call. Teledyne is recognized for its expertise in digital imaging products, instrumentation, and aerospace and defense electronics, with operations primarily in the US, Canada, UK, and Europe.
Teledyne Technologies (NYSE:TDY) announced that Vice Chairman Jason VanWees will present at the 25th Annual Needham Virtual Growth Conference on January 12, 2023. The investor presentation will be available on Teledyne's website. The company specializes in digital imaging, instrumentation, aerospace, and defense electronics. Teledyne's operations span across the U.S., Canada, the UK, and Northern Europe. Forward-looking statements in the presentation are subject to risks, including supply chain challenges, rising interest rates, and geopolitical tensions.
Teledyne e2v, part of Teledyne Technologies (NYSE: TDY), has launched the Hydra3D+, a Time-of-Flight (ToF) CMOS image sensor with 832 x 600 pixel resolution. The sensor features a new 10 µm three-tap pixel that allows very fast transfer times and provides high sensitivity in the NIR wavelength. Its design aims to eliminate motion artifacts and handle multiple active systems concurrently. With high resolution and on-chip HDR capabilities, Hydra3D+ is suited for various applications, including factory automation and outdoor environments. Documentation and support tools are available upon request.
Teledyne Technologies (NYSE:TDY) has acquired ChartWorld International Limited, a prominent provider of digital marine navigation hardware and software. ChartWorld offers a subscription-based service that includes Electronic Chart Display and Information Systems (ECDIS), lifetime warranties, and global support. This acquisition bridges a technology gap between Teledyne Marine and Raymarine, enhancing software capabilities and recurring revenue, while extending their market reach to commercial Safety of Life at Sea (SOLAS) vessels. Financial details of the transaction were not disclosed.
Teledyne DALSA announces the launch of its new Axios IGZO-based X-ray detectors, set to debut at the RSNA 2022 Technical Exhibition in Chicago from November 27 to December 1. The Axios series aims to bridge the performance gap between amorphous silicon and CMOS detectors, offering high image quality for demanding medical applications. These detectors promise significant cost savings and better diagnostic outcomes compared to traditional CMOS technologies, featuring artifact-free images and enhanced signal-to-noise ratios.
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.
FAQ
What is the current stock price of Teledyne Technologies Incorporated (TDY)?
What is the market cap of Teledyne Technologies Incorporated (TDY)?
What does Teledyne Technologies specialize in?
What are the main business segments of Teledyne Technologies?
Who are the key customers of Teledyne Technologies?
What proportion of Teledyne's revenue comes from U.S. government contracts?
Which segment contributes the most to Teledyne Technologies' revenue?
What products are included in the Aerospace and Defense Electronics segment?
What applications does the Engineered Systems segment of Teledyne Technologies serve?
How does Teledyne Technologies address environmental challenges?
What recent achievements has Teledyne Technologies accomplished?
How does Teledyne Technologies contribute to the defense industry?
