Welcome to our dedicated page for Teledyne Tech news (Ticker: TDY), a resource for investors and traders seeking the latest updates and insights on Teledyne Tech stock.
Teledyne Technologies Inc (TDY) provides mission-critical solutions across defense, industrial, and environmental sectors through advanced instrumentation, digital imaging systems, and aerospace electronics. This news hub offers investors and industry professionals direct access to the company's official communications and strategic developments.
Track comprehensive updates including quarterly earnings disclosures, product innovation announcements, and regulatory filings. Our curated feed ensures timely access to material events affecting TDY's four core segments: precision instrumentation, imaging technologies, defense electronics, and engineered systems.
Key updates cover contracts with government agencies, advancements in marine monitoring technologies, and innovations in machine vision applications. Bookmark this page to monitor Teledyne's progress in developing solutions for aerospace communications, environmental sensing, and industrial automation markets.
Teledyne SP Devices, a division of Teledyne Technologies (NYSE: TDY), launched the ADQ32, a fourth-generation modular data acquisition board designed for high-throughput applications. It features a dual-channel 12-bit digitizer capable of 2.5 GS/s synchronous sampling, and an open Xilinx Kintex Ultrascale KU040 FPGA, optimizing it for OEM integration in fields like SS-OCT and ToF MS. The board supports real-time DSP, enabling efficient data processing with a 7 Gbyte/s PCI Express interface. Enhanced analog performance and simplified integration further bolster its appeal for demanding applications.
Teledyne Imaging has unveiled LACera™, a groundbreaking CMOS technology aimed at enhancing scientific imaging capabilities. This innovation, developed by Teledyne, boasts over 90% quantum efficiency, low noise architecture, and 18-bit readout, features essential for applications in life and physical sciences, including genomics and astronomical imaging. LACera will be integrated into next-gen CMOS cameras set to launch later this year, positioning Teledyne to meet the demands of research and OEM customers. For more details, explore www.LargeAreaCMOS.com.
Teledyne Technologies (NYSE:TDY) announced that Executive Vice President Jason VanWees will present at the 42nd Annual Cowen Aerospace/Defense & Industrials Virtual Conference on February 10 at 10:30 a.m. (Pacific). The conference will be accessible via a live webcast on Teledyne's website, which will also host a replay. Additionally, stockholders are encouraged to review upcoming SEC filings regarding the proposed merger with FLIR Systems, as important information will be contained within.
Teledyne Technologies reported fourth quarter 2020 sales of $809.3 million, down 3.0% from the previous year, but achieved an all-time record GAAP diluted EPS of $3.48, up 13.7%. The company also reached a record GAAP operating margin of 17.8%. Cash from operations hit $236.4 million for the quarter and $618.9 million for the year. Teledyne announced a pending acquisition of FLIR Systems for approximately $8.0 billion. Despite a decrease in total year sales to $3,086.2 million, net income remained steady at $401.9 million.
Teledyne Technologies (NYSE: TDY) will host a conference call on January 27, 2021, at 8:00 a.m. Pacific to discuss its fourth quarter and full year 2020 financial results. A press release detailing these results will be issued prior to the market opening on the same day. Teledyne specializes in sophisticated instrumentation, digital imaging, aerospace, defense electronics, and engineered systems, with operations primarily in the U.S., Canada, the U.K., and Europe.
Teledyne Technologies (NYSE:TDY) announced that Teledyne Brown Engineering secured an $18 million contract from Northrop Grumman to manufacture four Surface-to-Surface Missile Modules (SSMM) for the U.S. Navy's Littoral Combat Ship (LCS). This marks the second contract for the SSMM, continuing from a previous agreement in September 2019. The units will be manufactured in Huntsville, Alabama, and will enhance capabilities against swarming attacks and maritime security. This collaboration emphasizes Teledyne's long-standing support for defense initiatives over the past decade.
Teledyne Technologies (NYSE:TDY) announced that Jason VanWees, Executive VP, will participate in investor meetings at the 23rd Annual Needham Virtual Growth Conference on January 13. The latest investor presentation will be available on the company’s website. The firm is in the process of a proposed transaction with FLIR Systems, pending stockholder approval and regulatory clearance. Stockholders are advised to review the upcoming joint proxy statement/prospectus regarding the merger for crucial information.
Teledyne Technologies (NYSE:TDY) has agreed to acquire FLIR Systems (NASDAQ:FLIR) for approximately $8 billion in a cash and stock deal. FLIR stockholders will receive $28 per share in cash plus 0.0718 Teledyne shares, valuing FLIR shares at $56 each—a 40% premium based on recent trading. Teledyne plans to fund the acquisition with a $4.5 billion credit commitment and expects the deal to be accretive to earnings immediately, excluding transaction costs. The merger is set to close mid-2021, pending shareholder and regulatory approvals.
Teledyne Technologies (NYSE:TDY) announced preliminary results for Q4 and full year 2020, projecting sales of around $800 million, with GAAP diluted earnings per share expected between $3.16 and $3.19, marking a record high. The anticipated GAAP operating margin for Q4 is approximately 17.5%. For the full year, GAAP diluted EPS is expected to be between $10.30 and $10.33, surpassing previous estimates. Additionally, Teledyne expects to achieve record cash flow, ending 2020 with about $115 million in net debt.
Teledyne ISCO, a unit of Teledyne Technologies (NYSE: TDY), is actively tracking SARS-CoV-2 through wastewater sampling. Their automatic samplers, deployed globally, enable detection of virus RNA, often before COVID-19 symptoms emerge, enhancing early response efforts in communities. The CDC's National Wastewater Surveillance System relies on this method for understanding virus spread. With approximately 1,000 samplers in use worldwide, Teledyne ISCO supports various sectors, providing crucial data to combat the pandemic.
