Teradyne, Inc. Files Q3 2024 10-Q Report
Ticker: TER · Form: 10-Q · Filed: Nov 1, 2024 · CIK: 97210
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Teradyne's Q3 10-Q is in. Check financials.
AI Summary
Teradyne, Inc. reported its third-quarter results for the period ending September 29, 2024. The company's filing indicates a fiscal year end of December 31. Key financial data and segment performance are detailed within this 10-Q filing.
Why It Matters
This filing provides investors and analysts with the latest financial performance and operational details for Teradyne, Inc., crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Players & Entities
- TERADYNE, INC (company) — Filer
- 20240929 (date) — Period of Report
- 20241101 (date) — Filed as of Date
- 600 RIVERPARK DRIVE (address) — Business Address
- NORTH READING (location) — City
- MA (location) — State
- 01864 (zip_code) — Business Zip Code
- 3825 (industry_code) — Standard Industrial Classification
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240929, indicating the third quarter of 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20241101.
What is Teradyne, Inc.'s fiscal year end?
Teradyne, Inc.'s fiscal year ends on 1231.
What is Teradyne, Inc.'s Standard Industrial Classification code?
The SIC code listed is 3825, which corresponds to Instruments for Meas & Testing of Electricity & Elec Signals.
What is the company's primary business address?
The business address is 600 Riverpark Drive, North Reading, MA 01864.
Filing Stats: 4,251 words · 17 min read · ~14 pages · Grade level 18.8 · Accepted 2024-11-01 13:00:38
Key Financial Figures
- $0.125 — h registered Common Stock , par value $0.125 per share TER Nasdaq Stock Market
Filing Documents
- ter-20240929.htm (10-Q) — 4029KB
- ter-ex10_1.htm (EX-10.1) — 120KB
- ter-ex10_2.htm (EX-10.2) — 120KB
- ter-ex31_1.htm (EX-31.1) — 13KB
- ter-ex31_2.htm (EX-31.2) — 13KB
- ter-ex32_1.htm (EX-32.1) — 8KB
- ter-ex32_2.htm (EX-32.2) — 8KB
- 0000950170-24-119923.txt ( ) — 19691KB
- ter-20240929.xsd (EX-101.SCH) — 2216KB
- ter-20240929_htm.xml (XML) — 5041KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited): 1 Condensed Consolidated Balance Sheets as of September 29, 2024, and December 31, 2023 1 f Condensed Consolidated Statements of Operations for the Three and Nine Months ended September 29, 2024, and October 1, 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months ended September 29, 2024, and October 1, 2023 3 Condensed Statements of Shareholders' Equity for the Three and Nine Months Ended September 29, 2024, and October 1, 2023 4 d Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 29, 2024, and October 1, 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 40 Item 4.
Controls and Procedures
Controls and Procedures 40
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 41 Item 1A.
Risk Factors
Risk Factors 41 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 4. Mine Safety Disclosures 42 Item 5. Other Information 43 Item 6. Exhibits 44 PART I
: Financial Statements
Item 1: Financial Statements TERADYNE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) September 29, 2024 December 31, 2023 (in thousands, except per share amount) ASSETS Current assets: Cash and cash equivalents $ 510,036 $ 757,571 Marketable securities 41,631 62,154 Accounts receivable, less allowance for credit losses of $ 1,972 and $ 1,988 at September 29, 2024 and December 31, 2023, respectively 484,376 422,124 Inventories, net 297,340 309,974 Prepayments 489,548 548,970 Other current assets 15,935 37,992 Current assets held for sale — 23,250 Total current assets 1,838,866 2,162,035 Property, plant and equipment, net 491,704 445,492 Operating lease right-of-use assets, net 70,784 73,417 Marketable securities 125,944 117,434 Deferred tax assets 201,881 175,775 Retirement plans assets 13,114 11,504 Equity method investment 538,351 — Other assets 48,384 38,580 Acquired intangible assets, net 21,288 35,404 Goodwill 419,412 415,652 Long-term assets held for sale — 11,531 Total assets $ 3,769,728 $ 3,486,824 LIABILITIES Current liabilities: Accounts payable $ 158,459 $ 180,131 Accrued employees' compensation and withholdings 159,794 191,750 Deferred revenue and customer advances 99,776 99,804 Other accrued liabilities 105,150 114,712 Operating lease liabilities 19,175 17,522 Income taxes payable 52,542 48,653 Current liabilities held for sale — 7,379 Total current liabilities 594,896 659,951 Retirement plans liabilities 137,735 132,090 Long-term deferred revenue and customer advances 41,135 37,282 Long-term other accrued liabilities 8,373 19,998 Deferred tax liabilities 164 183 Long-term operating lease liabilities 60,287 65,092 Long-term incomes taxes payable 24,596 44,331 Long-term liabilities held for sale — 2,000 Total lia