Earnings ·
Teledyne reports Q3 non-GAAP EPS of $6.72, raises full-year outlook to $25.40-$25.50
TDYTeledyne Technologies Inc
Teledyne Technologies reported third-quarter net sales of $1,684.9 million, a 9.4% increase year-over-year, driven by strong performance in its Digital Imaging segment. GAAP diluted earnings per share reached $5.82, while non-GAAP diluted EPS rose 20.6% to $6.72. The company raised its full-year 2026 non-GAAP earnings per share outlook to a range of $25.40 to $25.50, up from the previous guidance of $24.45 to $24.65. Additionally, Teledyne announced it is pending the acquisition of Varex Imaging Corporation for approximately $1.1 billion, expected to close in early 2027. The company also reported free cash flow of $319.5 million and completed $224.6 million in stock repurchases through mid-October. Teledyne Technologies operates as a diversified technology company providing advanced electronic components, integrated systems, and sensors for aerospace, defense, industrial, and healthcare markets.