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Sep 29, 2024
Teledyne Q3 2024 Earnings Report
Teledyne reported record quarterly sales and increased earnings per share.
Key Takeaways
Teledyne Technologies reported all-time record quarterly sales of $1,443.5 million, a 2.9% increase compared to the previous year. GAAP diluted earnings per share reached a record $5.54, with non-GAAP diluted earnings per share at $5.10. The company is raising its full-year 2024 GAAP diluted earnings per share outlook and narrowing its non-GAAP earnings per share outlook.
Orders exceeded sales for the fourth consecutive quarter.
All-time record quarterly sales of $1,443.5 million, a 2.9% increase year-over-year.
Record third quarter GAAP diluted earnings per share of $5.54 and non-GAAP diluted earnings per share of $5.10.
Raising full year 2024 GAAP diluted earnings per share outlook to $17.28 to $17.42, and narrowing full year 2024 non-GAAP earnings per share outlook to $19.35 to $19.45.
Revenue by Segment
Forward Guidance
The company expects fourth quarter 2024 GAAP diluted earnings per share to be in the range of $4.27 to $4.41 and full year 2024 GAAP diluted earnings per share to be in the range of $17.28 to $17.42. Fourth quarter 2024 non-GAAP diluted earnings per share is expected to be between $5.13 and $5.23, with full year 2024 non-GAAP diluted earnings per share between $19.35 and $19.45.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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