Teledyne reports Q2 adjusted EPS $5.20, consensus $5.05

Reports Q2 revenue $1.51B, consensus $1.48B. “Today we reported record quarterly sales, having achieved the greatest total and organic sales growth in three years,” said Robert Mehrabian, Executive Chairman. “Furthermore, sales grew organically in every segment, and orders exceeded sales for the seventh consecutive quarter. Both GAAP and non-GAAP earnings per share increased at double-digit rates. Given our strong second quarter results, we are raising the low end of our full year non-GAAP earnings outlook. However, we are exercising some caution regarding the third quarter, as our second quarter likely benefited from a degree of accelerated demand given uncertain global trade policies. While we are pursuing a number of acquisitions, we will continue to consider stock repurchases when we believe Teledyne (TDY) is the best value acquisition available.”