Teledyne to Hold Investor Meetings

Rhea-AI Summary

Teledyne Technologies (NYSE: TDY) announced that Vice Chairman Jason VanWees will participate in investor meetings during the Berenberg Industrial Technologies Virtual Conference on March 3. The latest investor presentation is available on their website. The company is a significant provider of digital imaging, aerospace, defense electronics, and engineered systems, with operations across the U.S., Canada, the UK, and Europe. The release also includes cautionary forward-looking statements regarding various business uncertainties and market conditions that may impact future performance.

Positive

• None.

Negative

• Ongoing challenges due to the COVID pandemic affecting production and supply chains.
• Risks related to the FLIR acquisition and achieving expected operating synergies.
• Impact of semiconductor shortages and rising inflation affecting operating costs.
• Continued weakness in the commercial aerospace industry negatively affecting sales.

THOUSAND OAKS, Calif.--(BUSINESS WIRE)-- Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Vice Chairman, will be holding investor meetings at the Berenberg Industrial Technologies Virtual Conference on Thursday, March 3.

Teledyne’s latest investor presentation is publicly available on the company’s website.

Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.

Forward-Looking Information Cautionary Notice

Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, directly or indirectly relating to earnings, growth opportunities, acquisitions and divestitures, product sales, capital expenditures, pension matters, stock option compensation expense, the credit facility, interest expense, severance and relocation costs, statements and goals relating to greenhouse gas emission reductions, environmental remediation cost, stock repurchases, taxes, exchange rate fluctuations and strategic plans. Forward-looking statements are generally accompanied by words such as “estimate,” “project,” “predict,” “believes” or “expect,” that convey the uncertainty of future events or outcomes. All statements made in this communication that are not historical in nature should be considered forward-looking. Actual results could differ materially from these forward-looking statements.

Many factors could change the anticipated results, including: ongoing challenges and uncertainties posed by the COVID pandemic for businesses and governments around the world, including production, supply, contractual and other disruptions, facility closures, furloughs and travel restrictions; the inability to achieve operating synergies with respect to the FLIR acquisition; changes in relevant tax and other laws; risks associated with indebtedness, as well as our ability to reduce indebtedness and the timing thereof; the impact of semiconductor and other supply chain shortages, higher inflation, including wage competition and higher shipping costs, and labor shortages and competition for skilled personnel; the inability to develop and market new competitive products; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements and the providing of estimates of financial measures, in accordance with U.S. GAAP and related standards; operating results of FLIR being lower than anticipated; disruptions in the global economy; customer and supplier bankruptcies; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor and communications markets; funding, continuation and award of government programs; cuts to defense spending resulting from existing and future deficit reduction measures or changes to U.S. and foreign government spending and budget priorities triggered by the COVID pandemic; impacts from the United Kingdom’s exit from the European Union; uncertainties related to the policies of the U.S. Presidential Administration; the imposition and expansion of, and responses to, trade sanctions and tariffs; the continuing review and resolution of FLIR’s export and tax matters; escalating economic and diplomatic tension between China and the United States; the ongoing conflict between Russia and Ukraine; threats to the security of our confidential and proprietary information, including cybersecurity threats; natural and man-made disasters, including those related to or intensified by climate change; and our ability to achieve emission reduction targets and decrease our carbon footprint. Lower oil and natural gas prices, as well as instability in the Middle East or other oil producing regions, and new regulations or restrictions relating to energy production, including those implemented in response to climate change, could further negatively affect our businesses that supply the oil and gas industry. Continued weakness in the commercial aerospace industry will negatively affect the markets of our commercial aviation businesses. In addition, financial market fluctuations affect the value of the Company’s pension assets. Changes in the policies of U.S. and foreign governments, including economic sanctions, could result, over time, in reductions or realignment in defense or other government spending and further changes in programs in which the Company participates. While Teledyne’s growth strategy includes possible acquisitions, we cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions involve various inherent risks, such as, among others, our ability to integrate acquired businesses, retain key management and customers and achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses outside of the United States, including those arising from U.S. and foreign government policy changes or actions and exchange rate fluctuations.

We continue to take action to assure compliance with the internal controls, disclosure controls and other requirements of the Sarbanes-Oxley Act of 2002. While we believe our control systems are effective, there are inherent limitations in all control systems, and misstatements due to error or fraud may occur and may not be detected.

Additional factors that could cause results to differ materially from those described above can be found in Teledyne’s 2021 Annual Report on Form 10-K that Teledyne files with the SEC.

The Company assumes no duty to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220302005205/en/

Jason VanWees

(805) 373-4542

Source: Teledyne Technologies Incorporated

FAQ

When is Teledyne Technologies participating in the Berenberg Industrial Technologies Virtual Conference?

Teledyne Technologies will participate in the Berenberg Industrial Technologies Virtual Conference on March 3.

What is the stock symbol for Teledyne Technologies?

Teledyne Technologies trades under the stock symbol TDY.

Where can I find Teledyne Technologies' latest investor presentation?

The latest investor presentation from Teledyne Technologies is available on their official website.

What are some business challenges facing Teledyne Technologies?

Challenges include COVID-related disruptions, semiconductor shortages, and weaknesses in the commercial aerospace market.