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) will hold a conference call on April 26, 2023, at 8:00 a.m. Pacific to discuss its first quarter 2023 results. A press release will precede the call, detailing the financial outcomes before the New York Stock Exchange opens on the same date. Investors can access the call via the Teledyne investors page approximately ten minutes before the start. A replay will be available for a month after the event.
Teledyne FLIR has launched the G-Series, a new line of high-tech optical gas imaging (OGI) cameras designed for professionals in the oil, gas, manufacturing, and utility sectors. This series includes seven models featuring wireless connectivity for easy documentation and analysis of harmful gas emissions. The G620, Gx320, and Gx620 models can detect and quantify hydrocarbon and VOC emissions without needing a separate device. Additional models address utility needs by detecting sulfur hexafluoride and carbon dioxide. The cameras are set to ship within the quarter, enhancing efficiency and safety in leak detection and repair processes.
Teledyne Technologies (NYSE: TDY) announced that Vice Chairman Jason VanWees and Executive Vice President Edwin Roks will hold investor meetings at the Bank of America Global Industrials Conference on March 22. The latest investor presentation is accessible on Teledyne's website, aiming to provide transparency on the company's performance and strategies. Teledyne, a prominent provider of digital imaging products, software, and aerospace electronics, continues to navigate challenges such as supply chain disruptions, inflation, and geopolitical tensions. Forward-looking statements in the presentation include strategic goals, potential acquisitions, and anticipated capital expenditures.
Teledyne e2v has successfully integrated Mixel’s MIPI PHY into its Topaz™ image sensor family, now entering mass production. These sensors boast low noise, global-shutter pixel technology, ideal for compact mobile applications. The 2MP and 1.5MP sensors are suitable for various uses, including IoT and robotics. In 2022, they received accolades from the Vision Systems Design Innovators Awards. Mixel provided fully validated MIPI D-PHY transmitter and CSI-2 controller IPs for this project. Teledyne e2v plans ongoing collaboration with Mixel, leveraging their expertise for future developments.
Teledyne e2v, part of Teledyne Technologies (TDY), has launched the Optimom 1.5M, a new turnkey optical module designed for quick integration into vision systems. This board-level vision extension aims to accelerate development and reduce R&D costs. With a 1.5 Megapixel CMOS image sensor, it supports a wide 1,920 x 800 format suitable for various applications, including handheld scanners and drones. The module features a MIPI CSI-2 protocol and comes with a complete development kit for instant integration with platforms like NVIDIA Jetson. Demonstrations will occur at Embedded World in Germany from March 14-16.
Teledyne Technologies (NYSE:TDY) will present at the 44th Annual Cowen Aerospace/Defense & Industrials Conference on February 15 at 2:50 p.m. Eastern. Jason VanWees, Vice Chairman, and Edwin Roks, EVP and President of Teledyne Digital Imaging Segment, will lead the presentation. A live webcast can be accessed on Teledyne's website, with a replay available afterward. Teledyne is a leading provider of digital imaging, aerospace, defense electronics, and engineered systems, operating in the US, Canada, UK, and Europe. The company emphasizes forward-looking statements regarding future performance, subject to various risks.
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.
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