Teledyne said its net sales for the quarter Q2 2024 decreased 3.6% and that net income attributable to Teledyne decreased 2.8%. Diluted earnings per share were $3.77, compared with $3.87 a year earlier.

1. 01

   Teledyne said its net sales for the quarter Q2 2024 decreased 3.6% and that net income attributable to Teledyne decreased 2.8%. Diluted earnings per share were $3.77, compared with $3.87 a year earlier.

2. 02

   The company said that in the Digital Imaging segment for Q2, sales of industrial automation imaging systems decreased $46.9 million. In contrast, sales of surveillance systems rose $10.9 million and sales of infrared detectors rose $9.0 million.

3. 03

   The company said that operating cash flow for the first six months of 2024 was $609.7 million. Financing activities included the repayment of the Senior Notes due April 2024 of $450 million and share repurchases of $193.8 million.

4. 04

   The company said its Board of Directors approved a stock repurchase program of up to $1.25 billion in April 2024, and that the program has no stated expiration date. It repurchased approximately 0.5 million shares for $193.8 million in Q2 2024.

Key figures

Quarter ended June 30, 2024

Revenue

$1.4B

Operating income

$247M

Net income

$180M

EPS

$3.77

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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