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 Technologies (NYSE:TDY) has announced the promotion of Dr. JihFen Lei to Executive Vice President of Teledyne FLIR Defense, integrating Surveillance and Unmanned Solutions businesses. Dr. Lei, who rejoined Teledyne in 2021, will oversee the cross-technology development led by Dr. David Cullin, also promoted to Vice President and General Manager. This move aims to enhance product and market synergies in advanced technology, serving global security and public safety markets. Teledyne FLIR has supplied innovative solutions to over 70 countries for over four decades.
Teledyne Technologies (NYSE:TDY) announced that Vice Chairman Jason VanWees will be participating in investor meetings at the 24th Annual Needham Virtual Growth Conference on January 12. The company's latest investor presentation will be made publicly available on its website. Teledyne specializes in sophisticated instrumentation, digital imaging products, aerospace and defense electronics, and engineered systems. The company operates primarily in the U.S., Canada, the UK, and Europe.
Teledyne Technologies congratulates NASA, ESA, and the Canadian Space Agency on the successful launch of the James Webb Space Telescope (JWST). The company provided 15 H2RG infrared detectors used in JWST's key science instruments: NIRCam, FGS, and NIRSpec. These detectors will study the universe's structure, stabilize the telescope, and analyze chemical compositions. Teledyne's detectors are also employed in the Hubble Space Telescope and upcoming missions like the Roman Space Telescope set for 2027.
The Nancy Grace Roman Space Telescope, launching in 2027, will be NASA's next flagship observatory, featuring a wide field of view 100 times larger than Hubble. With a 2.4-meter mirror, it will explore dark energy and exoplanets. Teledyne Technologies, awarded a $23 million contract, has exceeded its delivery obligations by providing 28 infrared sensor chip assemblies for the telescope, improving spectral bandwidth by 20%. Teledyne also produces visible light detectors for the telescope's coronagraph instrument, highlighting successful collaboration with NASA's Goddard Spaceflight Center.
Ethernet Alliance announced its participation at SC21, running from Nov. 15-18, 2021 in St. Louis, marking its first in-person event since the COVID-19 pandemic. The theme, ‘Science & Beyond’, emphasizes the critical role of high-performance computing (HPC) across various sectors. The Ethernet Alliance will showcase multivendor interoperability at Booth 1507, highlighting products from member companies like Amphenol Corporation (APH) and Teledyne LeCroy (TDY). Events chair David J. Rodgers stresses the importance of reliable interoperability for consumers.
Teledyne Technologies (NYSE:TDY) announced the participation of Vice Chairman Jason VanWees in three upcoming investor conferences: the Berenberg U.S. CEO Conference on November 9, the Baird Global Industrial Conference on November 10, and the Wolfe Research Industrial Growth & Technology Conference on November 15, 2021. Investors can access the latest presentation on Teledyne's website. The company, a leader in digital imaging, defense electronics, and engineered systems, operates across North America and Europe.
Teledyne Technologies (NYSE:TDY) reported record third-quarter sales of $1,311.9 million, a 75.2% increase year-over-year. GAAP diluted earnings per share rose 13.3% to $2.81, while non-GAAP earnings reached $4.34 per share. The company's operating margin was 14.5%, or 21.5% when adjusted for acquisition-related expenses. The FLIR acquisition contributed significantly, adding $473.6 million to net sales. Although cash flow from operations hit a record $192.8 million, the company also faced $92.3 million in acquisition-related costs.
Teledyne Technologies Incorporated (NYSE:TDY) has appointed Vincent J. Morales, the current CFO of PPG (NYSE:PPG), to its Board of Directors, effective November 1, 2021. This appointment increases the Board's total members to 11. Mr. Morales brings over 30 years of experience at PPG, where he advanced through various finance roles and has been CFO since March 2017. He was instrumental in PPG's strategic transformation. Teledyne specializes in advanced digital imaging, aerospace, and defense electronics.
Teledyne Technologies (NYSE:TDY) will host a conference call to discuss its third quarter 2021 results on October 27, 2021, at 8:00 a.m. Pacific. A press release with the financial results will be issued before the NYSE opens on the same day. Investors can access the call via Teledyne’s website, starting ten minutes prior to the call. A replay will be available for a month following the event, starting at 9:00 a.m. Pacific on October 27.
Teledyne DALSA announces the volume production of its Linea HS 16k Multifield TDI camera, featuring advanced imaging technology that captures three images simultaneously in a single scan. This camera utilizes a charge-domain CMOS TDI sensor and advanced dichroic filters, ensuring minimal spectral crosstalk. With a high-speed interface delivering 8.4 Gigapixels per second, it significantly enhances inspection speeds and image quality, ideally suited for applications in various industries including machine vision and life sciences.
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