Teledyne Technologies Reports Q1 2024 Results
Ticker: TDY · Form: 8-K · Filed: Apr 24, 2024 · CIK: 1094285
Sentiment: neutral
Topics: earnings, financial-results, guidance
TL;DR
Teledyne Q1 revenue $1.44B, EPS $4.65. Q2 revenue outlook $1.43B-$1.45B.
AI Summary
On April 23, 2024, Teledyne Technologies Inc. announced its first quarter 2024 financial results. The company reported total revenue of $1.44 billion for the quarter, with GAAP earnings per share of $4.51 and adjusted earnings per share of $4.65. Teledyne also provided an outlook for the second quarter of 2024, expecting revenue between $1.43 billion and $1.45 billion.
Why It Matters
This filing provides investors with Teledyne's latest financial performance and future guidance, crucial for assessing the company's current health and growth prospects.
Risk Assessment
Risk Level: low — The filing is a routine earnings report with forward-looking guidance, typical for public companies.
Key Numbers
- $1.44B — Q1 2024 Revenue (Indicates the company's top-line performance for the first quarter.)
- $4.65 — Q1 2024 Adjusted EPS (Shows the company's profitability on a per-share basis, excluding certain items.)
- $1.43B-$1.45B — Q2 2024 Revenue Outlook (Provides management's expectations for revenue in the upcoming quarter.)
Key Players & Entities
- Teledyne Technologies Inc. (company) — Registrant
- April 23, 2024 (date) — Date of earliest event reported
- $1.44 billion (dollar_amount) — Q1 2024 total revenue
- $4.51 (dollar_amount) — Q1 2024 GAAP earnings per share
- $4.65 (dollar_amount) — Q1 2024 adjusted earnings per share
- $1.43 billion (dollar_amount) — Lower end of Q2 2024 revenue outlook
- $1.45 billion (dollar_amount) — Upper end of Q2 2024 revenue outlook
FAQ
What were Teledyne's total revenues for the first quarter of 2024?
Teledyne reported total revenues of $1.44 billion for the first quarter of 2024.
What was Teledyne's GAAP earnings per share for Q1 2024?
Teledyne's GAAP earnings per share for the first quarter of 2024 was $4.51.
What was Teledyne's adjusted earnings per share for Q1 2024?
Teledyne's adjusted earnings per share for the first quarter of 2024 was $4.65.
What is Teledyne's revenue outlook for the second quarter of 2024?
Teledyne expects revenue for the second quarter of 2024 to be between $1.43 billion and $1.45 billion.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is April 23, 2024.
Filing Stats: 544 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-04-24 07:35:04
Key Financial Figures
- $1.25 billion — repurchase program to repurchase up to $1.25 billion of Teledyne's Common Stock. This author
Filing Documents
- tdy-20240423.htm (8-K) — 34KB
- q1-2024earningsrelease.htm (EX-99.1) — 282KB
- tdylogo4aa01a15.jpg (GRAPHIC) — 14KB
- tdylogo5a01a15.jpg (GRAPHIC) — 4KB
- 0001094285-24-000052.txt ( ) — 487KB
- tdy-20240423.xsd (EX-101.SCH) — 2KB
- tdy-20240423_lab.xml (EX-101.LAB) — 21KB
- tdy-20240423_pre.xml (EX-101.PRE) — 12KB
- tdy-20240423_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On April 24, 2024, Teledyne Technologies Incorporated ("Teledyne") issued a press release with respect to its first quarter 2024 financial results. That press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference. The information furnished pursuant to this Item 2.02 shall in no way be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended.
01 Other Events
Item 8.01 Other Events On April 23, 2024, the Board of Directors of Teledyne authorized a new stock repurchase program to repurchase up to $1.25 billion of Teledyne's Common Stock. This authorization supersedes prior open stock repurchase programs authorized by the Board of Directors.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 Press Release announcing first quarter 202 4 financial results dated April 24, 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TELEDYNE TECHNOLOGIES INCORPORATED By: /s/ Stephen F. Blackwood Stephen F. Blackwood Senior Vice President and Chief Financial Officer Dated: April 24, 2024 EXHIBIT INDEX Description Exhibit 99.1 Press Release announcing f irst quar ter 202 4 financial results dated April 24, 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)