Teledyne Tech Stock Price, News & Analysis

Teledyne e2v has introduced Lince5M™ NIR, a high-speed CMOS image sensor with enhanced performance in both visible and near-infrared wavelengths. This 5.2-megapixel monochrome sensor features a 250 fps frame rate and 35% Quantum Efficiency at 850 nm, making it ideal for applications requiring high-speed imaging in low-light conditions.

Building on the established Lince5M platform, the new sensor offers a dynamic range of 55 dB in standard mode and over 100 dB in High Dynamic Range mode. It comes in a 28 x 28 mm ceramic package with a 1-inch optical format compatible with C-mount lenses, and operates in temperatures from -40°C to 125°C.

The Lince5M NIR targets applications including motion capture, sport analytics, industrial metrology, retinal imaging, and traffic monitoring. It will be showcased at Vision China in Shanghai from March 26-28, 2025.

Teledyne FLIR Defense's Black Hornet® 4 nano-drone has been selected as a winner of the Defense Innovation Unit's Blue UAS Refresh Challenge. The selection came after extensive testing at the Marine Corps Air Ground Combat Center, where over 35 uncrewed aerial systems were evaluated.

The Black Hornet 4 is a next-generation lightweight nano-drone weighing just 70 grams. It features a 12-megapixel daytime camera and high-resolution thermal imager, capable of flying for over 30 minutes with a range exceeding three kilometers. The drone can operate in 25-knot winds and rain, featuring advanced obstacle avoidance capabilities.

Teledyne FLIR has delivered more than 33,000 Black Hornet drones to military and security forces across 45+ countries. The U.S. Army has placed orders totaling over $300 million, including a recent $91 million contract for Black Hornet 4. The system will now undergo NDAA and cyber security verification to join the Blue UAS List with an Authority to Operate.

Teledyne Technologies (NYSE:TDY) has announced its participation in the TD Cowen 46th Annual Aerospace & Defense Conference. George Bobb, President and COO, and Jason VanWees, Vice Chairman, will present on Thursday, February 13, at 9:15 a.m. Eastern Time at the Ritz-Carlton – Pentagon City in Arlington, Va.

The presentation will be available via live webcast on Teledyne's investor website. The company, a leading provider of digital imaging products, software, instrumentation, aerospace and defense electronics, and engineered systems, primarily operates in the United States, Canada, the United Kingdom, and Western and Northern Europe.

The announcement includes forward-looking statements addressing various factors that could impact future performance, including supply chain issues, labor shortages, global conflicts, economic conditions, and climate change-related challenges. The company acknowledges potential risks related to international operations, acquisitions, and government policy changes.

Teledyne Technologies (NYSE:TDY) has completed the acquisition of select aerospace and defense electronics businesses from Excelitas Technologies for approximately $710 million. The acquisition includes the Qioptiq® optical systems business in Northern Wales, UK, and a U.S.-based advanced electronic systems business.

The UK operation specializes in advanced optics for heads-up and helmet-mounted displays, tactical night vision systems, and proprietary glass for space applications. The U.S. business provides custom energetics, electronic safe & arm devices, high-voltage semiconductor switches, and rubidium frequency standards for defense and space applications.

The acquired businesses will be integrated into Teledyne's Aerospace and Defense Electronics segment under the name Teledyne Qioptiq. This marks Teledyne's tenth corporate carve-out transaction.

Teledyne Technologies (NYSE:TDY) reported record quarterly sales of $1,502.3 million in Q4 2024, up 5.4% year-over-year. The company achieved Q4 GAAP diluted EPS of $4.20 and record non-GAAP EPS of $5.52. Full-year 2024 results included GAAP EPS of $17.21 and record non-GAAP EPS of $19.73.

The company generated record full-year cash from operations of $1,191.9 million and free cash flow of $1,108.2 million. Teledyne deployed $1.1 billion for debt repayments, stock repurchases, and acquisitions in 2024. The company completed the acquisition of Micropac Industries on December 30, 2024, and announced pending acquisition of select aerospace and defense electronics businesses from Excelitas Technologies.

For 2025, Teledyne issued guidance of GAAP EPS between $17.70-$18.20 and non-GAAP EPS of $21.10-$21.50, including Micropac but excluding Excelitas. The company expects to deploy approximately $770 million on acquisitions in Q1 2025.

Teledyne Technologies (NYSE:TDY) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Wednesday, January 22, 2025, at 8:00 a.m. Pacific. The company will release its financial results press release before the NYSE opening on the same day.

Investors can access the call through Teledyne's investor relations website approximately ten minutes before the start time. A replay of the call will be available for about one month starting at 11:00 a.m. Pacific on January 22, 2025.

Teledyne Technologies specializes in sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems, with operations primarily in the United States, Canada, the United Kingdom, and Western and Northern Europe.

Teledyne FLIR Defense has secured a five-year IDIQ contract worth $74.2 million from the U.S. Coast Guard to provide modernized imaging surveillance systems. The company will deliver over 125 Electro-Optic Sensor System-Modernized (ESS-M) systems for USCG's MH-60 and MH-65 rotary wing aircraft.

The ESS-M platform features full-HD sensors, updated user interfaces, and advanced processing capabilities. These systems will provide high-definition daylight, low light, and infrared imagery supporting various Coast Guard missions, particularly search and rescue, living marine resources, and law enforcement. Additional applications include coastal security, drug and migrant interdiction, and ports protection.

Deliveries are scheduled to begin in Q4-2025. Teledyne FLIR Defense has been supporting USCG with legacy ESS systems since 2005.

Teledyne Technologies (NYSE:TDY) has successfully completed the acquisition of Micropac Industries (OTC:MPAD) through an all-cash transaction valued at approximately $57.3 million, including Micropac's net debt as of August 24, 2024. Under the merger agreement, Micropac stockholders received $20.00 per share in cash.

Micropac, established in 1963, specializes in designing and manufacturing microelectronic circuits, optoelectronic components, and sensor and display assemblies, primarily serving military, aerospace, and medical sectors. The company will maintain its brand name and continue operations from its new facility in Garland, Texas, while leveraging Teledyne's market reach and technical capabilities.

Teledyne FLIR OEM and VSI Labs conducted tests on pedestrian automatic emergency braking (PAEB) systems using the new Federal Motor Vehicle Safety Standard (FMVSS) No. 127 scenarios. Their thermal-fused PAEB system, featuring Teledyne FLIR's longwave infrared camera, successfully passed all tests, while three new 2024 vehicles failed multiple nighttime scenarios.

The FMVSS No. 127 will require PAEB systems in all passenger vehicles under 10,000 pounds by September 2029. This regulation is particularly important as 77.7% of pedestrian fatalities occurred at night in 2022. The thermal-fused system demonstrated superior nighttime detection capabilities independent of headlight performance, suggesting thermal cameras could be a cost-effective solution for manufacturers to meet the new safety standards.