Teledyne reports record Q2 sales, raises 2025 earnings outlook

NEW YORK - Teledyne Technologies Incorporated (NYSE:TDY), a $26.05 billion technology company trading near its 52-week high of $564.85, reported record quarterly sales of $1.51 billion for the second quarter of 2025, a 10.2% increase compared to the same period last year, the company announced Wednesday. According to InvestingPro data, the company has maintained impressive 12% revenue growth over the past five years.

The technology company posted GAAP earnings per share of $4.43, up 17.5% from $3.77 in the second quarter of 2024. On a non-GAAP basis, which excludes acquisition-related expenses, earnings per share rose to $5.20 from $4.58 a year earlier. With a P/E ratio of 31.6 and strong analyst consensus, InvestingPro analysis reveals 8 additional key metrics and insights available for subscribers.

Teledyne achieved organic sales growth across all four of its business segments, with the Aerospace and Defense Electronics segment showing the strongest performance with a 36.2% increase in sales to $264.8 million. The Instrumentation segment saw sales rise 10.2% to $367.6 million, while Digital Imaging sales increased 4.3% to $771.0 million.

"We reported record quarterly sales, having achieved the greatest total and organic sales growth in three years," said Robert Mehrabian, Executive Chairman, in the press release. "Furthermore, sales grew organically in every segment, and orders exceeded sales for the seventh consecutive quarter."

The company generated $226.6 million in cash from operations during the quarter and $196.3 million in free cash flow. Teledyne’s consolidated leverage ratio stood at 1.6x at quarter-end. InvestingPro data shows the company maintains a healthy current ratio of 2.19, indicating strong liquidity and earning a "GOOD" overall financial health score.

Based on the strong performance, Teledyne raised its full-year 2025 GAAP earnings outlook to between $17.59 and $17.97 per share, up from the previous range of $17.35 to $17.83. The company also narrowed its non-GAAP earnings guidance to $21.20 to $21.50 per share.

Additionally, Teledyne announced an increase in its stock repurchase authorization to $2.0 billion, replacing the previous authorization of which $896 million remained. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading above its Fair Value, with the stock showing strong momentum with a 19.78% year-to-date return.

For the third quarter of 2025, the company expects GAAP earnings per share of $4.39 to $4.54 and non-GAAP earnings per share of $5.35 to $5.45.

In other recent news, Teledyne Technologies Incorporated reported its financial results for the first quarter of 2025, exceeding Wall Street expectations. The company achieved an earnings per share of $4.95, surpassing the forecast of $4.92, and reported revenue of $1.45 billion, which was higher than the anticipated $1.42 billion. Additionally, Teledyne Technologies has announced a significant leadership change, appointing George C. Bobb III as the new President and Chief Executive Officer. Bobb, who has been with the company for 17 years, succeeds Edwin Roks, who will remain as a special advisor until August 2025.

In a strategic move, Teledyne acquired Maretron business assets from Littelfuse, integrating them into its Raymarine business. This acquisition includes Maretron’s Octoplex, MPower, and MConnect product lines. Furthermore, Teledyne expressed support for the U.S. military’s drone initiative, highlighting the involvement of its Black Hornet nano-drone. The company also announced adjustments to executive salaries, with increases for several key officers, including George C. Bobb III and Jason VanWees.

These developments reflect Teledyne’s ongoing strategic initiatives and leadership transitions.

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