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Teledyne Technologies logoTeledyne Technologies TDY

Teledyne said net sales for Q4 2023 were $1,425.0 million, up 0.5% from $1,418.2 million in Q4 2022. Net income attributable to Teledyne was $323.1 million ($6.75 per diluted share).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Teledyne said net sales for Q4 2023 were $1,425.0 million, up 0.5% from $1,418.2 million in Q4 2022. Net income attributable to Teledyne was $323.1 million ($6.75 per diluted share).

  2. The company said the Q4 2023 included $102.2 million in acquisition-related discrete income tax benefits. Excluding these items and others, non-GAAP net income attributable to Teledyne was $260.5 million ($5.44 per diluted share).

  3. The company said its management believes full-year 2024 GAAP diluted earnings per share will be in the range of $17.15 to $17.53, and non-GAAP diluted earnings per share will be in the range of $20.35 to $20.68. The non-GAAP outlook excludes acquired intangible asset amortization and other items.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Q4 2023 Net Sales and Net Income Attributable to Parent

Teledyne said net sales for Q4 2023 were $1,425.0 million, up 0.5% from $1,418.2 million in Q4 2022. Net income attributable to Teledyne was $323.1 million ($6.75 per diluted share).

Source · Based on the filing body and exhibits

Q4 Acquisition-Related Discrete Tax Benefits and Non-GAAP Earnings

The company said the Q4 2023 included $102.2 million in acquisition-related discrete income tax benefits. Excluding these items and others, non-GAAP net income attributable to Teledyne was $260.5 million ($5.44 per diluted share).

Source · Based on the filing body and exhibits

2024 Full-Year Diluted EPS Outlook

The company said its management believes full-year 2024 GAAP diluted earnings per share will be in the range of $17.15 to $17.53, and non-GAAP diluted earnings per share will be in the range of $20.35 to $20.68. The non-GAAP outlook excludes acquired intangible asset amortization and other items.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.