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Teledyne Technologies (TDY)
NYSE:TDY
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
5.23Last Year’s EPS
5.44Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 6.85%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment, with record sales and strong performance in key segments such as Marine Instruments and defense. Although there were challenges in certain areas like Digital Imaging and Environmental Instruments, the robust demand in long-cycle segments and strategic cost management provide a positive outlook.Company Guidance
In the third quarter of 2024, Teledyne reported record sales across all segments, with sequential revenue growth and year-over-year increases, driven by strong demand in defense, space, and energy sectors. The company repurchased approximately $354 million of its stock, completed two acquisitions worth $125 million, and repaid $450 million in gross debt, maintaining a leverage ratio of 1.7x. Sales for the Digital Imaging segment declined slightly by less than 1%, but instrumentation sales increased by 6.3%, with Marine Instruments experiencing a 24.1% rise. Aerospace and Defense Electronics saw a 9.2% sales increase, while Engineered Systems grew by 9.4%. The company ended the quarter with $2.24 billion in net debt and projected fourth-quarter GAAP earnings per share between $4.27 and $4.41, while revising the full-year GAAP EPS outlook to $17.28 to $17.42.Record Sales Achieved
Teledyne achieved all-time record sales in the third quarter, with revenues sequentially greater in each segment and overall year-over-year growth.
Strong Performance in Marine Instruments
Sales of Marine Instruments increased 24.1% in the quarter, driven by strong offshore energy and subsea defense sales.
Healthy Book-to-Bill Ratio
The overall book-to-bill ratio at the end of Q3 was about 1.48, indicating strong demand across most segments.
Positive Outlook for Defense and Space
Teledyne observed robust demand in longer cycle defense, space, and energy businesses.
Improved Margins in Instrumentation Segment
Instrumentation operating margin increased 155 basis points to 27.5% GAAP and 152 basis points to 28.6% non-GAAP.
Successful Stock Repurchase
Teledyne repurchased approximately $354 million of its stock year-to-date, reflecting confidence in the company's financial position.
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TDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $443.49 | $470.09 | +6.00% |
| Jul 24, 2024 | $402.17 | $417.00 | +3.69% |
| Apr 24, 2024 | $407.06 | $362.50 | -10.95% |
| Jan 24, 2024 | $441.98 | $417.92 | -5.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Teledyne Technologies (TDY) report earnings?
Teledyne Technologies (TDY) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Teledyne Technologies (TDY) earnings time?
Teledyne Technologies (TDY) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TDY EPS forecast?
TDY EPS forecast for the fiscal quarter 2024 (Q4) is 5.23.
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