NYSE$TDY
Teledyne Technologies Incorporated · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Teledyne reported record quarterly sales and non-GAAP earnings per share, driven by growth in shorter-cycle businesses and strong demand in defense, space, and energy sectors.
Teledyne Technologies reported a 5.4% increase in fourth-quarter sales, reaching a record $1,502.3 million. GAAP diluted earnings per share were $4.20, while non-GAAP diluted earnings per share reached a record $5.52. The company's performance was driven by growth in shorter-cycle businesses and strong demand in defense, space, and energy sectors.
- Record quarterly sales of $1,502.3 million, a 5.4% increase year-over-year.
- GAAP diluted earnings per share of $4.20 and record non-GAAP diluted earnings per share of $5.52.
- GAAP operating margin of 15.8% and non-GAAP operating margin of 22.7%.
- Completed acquisition of Micropac Industries, Inc. on December 30, 2024, and announced pending acquisition of select aerospace and defense electronics businesses from Excelitas Technologies Corp.
Headline financials
Revenue & EPS history
Teledyne · Revenue · Quarterly
$1.5B
Revenue by segment
Teledyne · $1.4B total across 4 segments · Q3 2023
- Digital Imaging$776M+2.0%55.3%
- Instrumentation$329M+14.6%23.5%
- Aerospace and Defense Electronics$183M+13.3%13.1%
- Engineered Systems$114M+11.6%8.1%
Forward guidance
Teledyne anticipates first quarter 2025 GAAP diluted earnings per share to be in the range of $3.90 to $4.04, and full year 2025 GAAP diluted earnings per share to be in the range of $17.70 to $18.20. First quarter 2025 non-GAAP diluted earnings per share are expected to be between $4.80 and $4.90, while full year 2025 non-GAAP diluted earnings per share are projected to be between $21.10 and $21.50. The outlook includes Micropac but excludes Excelitas.
Tailwinds
- First quarter 2025 GAAP diluted earnings per share outlook: $3.90 to $4.04
- Full year 2025 GAAP diluted earnings per share outlook: $17.70 to $18.20
- First quarter 2025 non-GAAP diluted earnings per share outlook: $4.80 to $4.90
- Full year 2025 non-GAAP diluted earnings per share outlook: $21.10 to $21.50
- Outlook includes Micropac.
Headwinds
- Outlook excludes Excelitas.
- Strong U.S. dollar.
- Unpredictable geopolitical environment.
- Acquired intangible asset amortization.
- Acquisition and integration costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.2%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+9.6%
Q4 2025
Best reaction
-8.7%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.0% | +2.0% | -3.4% | |
| Q4 2025 | +9.6% | +7.3% | +18.1% | |
| Q3 2025 | -5.5% | -7.9% | -13.7% | |
| Q2 2025 | -0.4% | -2.8% | +0.7% | |
| Q1 2025 | -2.7% | +0.4% | +5.4% | |
| Q4 2024 | +6.5% | +5.9% | +2.2% | |
| Q3 2024 | +6.6% | +5.2% | +9.1% | |
| Q2 2024 | +3.4% | +5.2% | +5.1% | |
| Q1 2024 | -7.4% | -5.9% | -1.1% | |
| Q4 2023 | -3.9% | -2.9% | -2.1% | |
| Q3 2023 | -3.6% | -3.6% | +3.5% | |
| Q2 2023 | -8.7% | -7.3% | -1.5% | |
| Q1 2023 | -1.2% | +0.2% | -4.5% | |
| Q4 2022 | +4.0% | +2.1% | +4.7% | |
| Q3 2022 | +5.4% | +10.4% | +16.6% | |
| Q2 2022 | -4.2% | -1.7% | -4.1% | |
| Q1 2022 | -2.1% | -7.4% | -13.9% | |
| Q4 2021 | +1.0% | +4.0% | +5.6% | |
| Q3 2021 | +2.0% | +3.0% | -2.6% | |
| Q2 2021 | +1.7% | +2.6% | +3.9% | |
| Q1 2021 | +2.1% | -0.2% | -5.3% | |
| Q4 2020 | -4.1% | -2.7% | -3.3% | |
| Q3 2020 | -0.8% | -3.8% | +12.5% | |
| Q2 2020 | -2.4% | -6.8% | -6.0% | |
| Q1 2020 | +3.2% | +5.0% | +11.0% | |
| Q4 2019 | -4.0% | -3.4% | +0.6% | |
| Q3 2019 | +7.0% | +5.4% | +12.2% | |
| Q2 2019 | +5.1% | +4.4% | +7.3% | |
| Q1 2019 | -2.0% | -0.7% | -5.1% | |
| Q4 2018 | +4.4% | +1.1% | +8.4% | |
| Q3 2018 | -2.0% | -2.9% | -2.4% | |
| Q2 2018 | +4.2% | +5.8% | +8.4% | |
| Q1 2018 | +7.3% | +9.5% | +14.2% | |
| Q4 2017 | -0.5% | -6.2% | -3.2% | |
| Q3 2017 | +7.4% | +8.5% | +8.0% | |
| Q2 2017 | +7.0% | +5.9% | +8.6% | |
| Q1 2017 | +1.8% | +0.3% | +0.4% | |
| Q4 2016 | +5.8% | +4.4% | +7.7% | |
| Q3 2016 | -0.2% | +2.8% | +20.8% | |
| Q2 2016 | +1.9% | +1.4% | +4.6% | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | +1.3% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -1.3% | — | — | |
| Q1 2015 | -5.4% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | +6.3% | — | — | |
| Q2 2014 | -1.9% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | -3.5% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | +1.9% | — | — | |
| Q4 2012 | +1.9% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | +0.4% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q1 2011 | -1.8% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q4 2008 | +0.8% | — | — | |
| Q3 2011 | -2.5% | — | — | |
| Q3 2010 | -2.5% | — | — | |
| Q2 2010 | -6.5% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q4 2010 | -6.5% | — | — |
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