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 its participation in two upcoming investor conferences. Vice Chairman Jason VanWees will represent the company at the 13th Annual Needham Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 20, 2024 (virtual), and the Jefferies Industrials Conference in New York City on September 4, 2024.
A live webcast of Teledyne's presentation at the Jefferies conference will be available on the company's website at 11:00 a.m. Eastern Time on September 4. Teledyne's latest investor presentation will also be accessible on their website. The company specializes in digital imaging products, software, instrumentation, aerospace and defense electronics, and engineered systems, with operations primarily in the US, Canada, UK, and Western and Northern Europe.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced the winners of the 29th Annual 'Vision Awards' at the APSCON 2024 Conference in Houston, Texas. The awards recognize airborne law enforcement crews for their exceptional use of thermal imaging systems in missions such as high-speed pursuits, search and rescue, and lifesaving operations.
The winners across various categories include the Michigan State Police, Prince George's County Police Dept. (MD), San Diego Police Dept., Hillsboro County Sheriff's Office (FL), King County Sheriff's Dept. (CA), and the Houston Police Dept. The awards highlight the important role of thermal imagery in law enforcement operations and public safety.
Teledyne Technologies (NYSE:TDY) reported second quarter 2024 results with net sales of $1,374.1 million, a 3.6% decrease from Q2 2023. GAAP diluted EPS was $3.77, down 2.8% year-over-year, while non-GAAP diluted EPS reached $4.58. The company achieved record free cash flow of $301.0 million and maintained a strong order backlog. Teledyne completed acquisitions of Valeport and Adimec for $123.6 million and repurchased approximately $278 million in stock through July 2024. The company affirmed its full-year 2024 non-GAAP EPS outlook of $19.25 to $19.45 and expects to return to year-over-year growth in the second half of 2024.
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has unveiled its UltraFORCE® 380-HDc imaging system at the Farnborough International Air Show. This long-range airborne surveillance solution is not subject to International Traffic in Arms Regulations (ITAR), facilitating easier export and movement for non-U.S. customers.
The UltraFORCE 380-HDc offers high-definition multi-spectral imaging in a compact package, featuring full 1080p resolution across visual, thermal, low-light, and shortwave infrared (SWIR) cameras. It includes an advanced laser rangefinder and pointer, and intelligent automated operation for tracking multiple targets. With a low profile and light weight, it maximizes ground clearance in rotary aircraft without compromising performance.
The system will be available globally starting in Q4 and can be supported by Teledyne FLIR's Surveillance Service Centre in the UK, meeting localized content requirements.
Teledyne Technologies (NYSE:TDY) has announced its second quarter 2024 earnings webcast details. The company will hold a conference call to discuss the results on Wednesday, July 24, 2024, at 8:00 a.m. Pacific. A press release with the financial results will be issued before the opening of the New York Stock Exchange on the same day. Investors can access the call at www.teledyne.com/investors/events-and-presentations about ten minutes before the scheduled start time. A replay will be available on the website for approximately one month starting at 9:00 a.m. Pacific on July 24, 2024.
Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. The company's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.
Teledyne FLIR Defense, part of Teledyne Technologies (NYSE:TDY), has been awarded a $15 million contract by the U.S. Army Contracting Command-Aberdeen Proving Ground to supply over 150 ThermoSight® HISS-XLR weapon sights to a NATO partner country.
The contract includes parts, training, and in-country support. The ThermoSight HISS-XLR enables snipers to detect and recognize targets at distances greater than 2,000 meters and can be mounted on various weapon platforms. Deliveries started this spring and will continue through 2024.
Teledyne DALSA has announced the availability of its AxCIS™ family of Contact Image Sensors (CIS) in color. These high-speed, high-resolution modules integrate sensors, lenses, and lights to provide a lower-cost inspection system for applications like battery and print inspections. The AxCIS sensors utilize Teledyne’s multiline CMOS image sensors to deliver superior image quality with a 60 kHz x 3-line rate of native RGB colors and 900 dpi resolution. This enables precise defect detection and supports true metrology applications. With a dust-proof IP50 design and a Camera Link HS SFP+ fibreoptic interface, AxCIS modules are scalable, compact, and suitable for harsh industrial environments.
Teledyne FLIR Defense has launched the SUGV 325 portable and modular robot at Eurosatory. This lightweight unmanned ground vehicle weighs about 20 pounds and is designed for easy portability and rugged terrain navigation. Key features include a high-tech manipulator arm with five degrees of freedom, HD visible and infrared sensors, stitched 360-degree cameras, 30x optical zoom, and two-way audio communication. The SUGV 325 is ideal for military applications such as surveillance, reconnaissance, EOD, and CBRN inspection. The robot boasts improved mobility, expandable payload capacity, multi-robot control, and robust battery operation up to eight hours.
Teledyne FLIR Defense, a division of Teledyne Technologies (NYSE:TDY), is playing a key role in Paramount+'s new series, CHOPPER COPS, airing June 18. The series features the Marion County Sheriff's Department's aviation unit, utilizing FLIR's advanced thermal cameras and augmented-reality mapping. These technologies offer high-definition imagery, enhancing the storytelling quality. The series is sponsored by Teledyne FLIR Defense, showcasing FLIR’s cutting-edge imaging systems. This collaboration highlights FLIR’s life-saving technology and provides viewers unprecedented access to deputies' aerial missions.
Teledyne Technologies (NYSE:TDY) has completed the acquisition of Adimec Holding B.V., a company based in Eindhoven, Netherlands, known for its high-performance industrial and scientific cameras. Founded in 1992, Adimec specializes in developing customized imaging solutions for critical applications in life sciences and semiconductor inspection. The terms of the acquisition were not disclosed. Teledyne's CEO, Edwin Roks, expressed enthusiasm about integrating Adimec's expertise and workforce into Teledyne's operations, highlighting Adimec's leadership in niche imaging applications.
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