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Last $102.39 USD
Change Today -0.35 / -0.34%
Volume 285.9K
As of 4:15 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

teledyne technologies inc (TDY) Snapshot

Open
$102.21
Previous Close
$102.74
Day High
$103.11
Day Low
$101.01
52 Week High
04/15/15 - $110.08
52 Week Low
08/1/14 - $90.54
Market Cap
3.6B
Average Volume 10 Days
153.2K
EPS TTM
$5.59
Shares Outstanding
35.3M
EX-Date
--
P/E TM
18.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for TELEDYNE TECHNOLOGIES INC (TDY)

teledyne technologies inc (TDY) Related Businessweek News

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teledyne technologies inc (TDY) Details

Teledyne Technologies Inc. provides electronic components, instruments, and communications products in U.S., Europe, Japan, and Canada. Its Electronics and Communications division offers microwave components and subsystems, high-voltage connectors, and imaging sensors, among other things. Its Systems Engineering Solutions division handles advanced technology applications, software development, and manufacturing solutions for space, military, environmental, and missile-defense markets. Aerospace Engines and Components designs, develops, and manufactures engines, engine controls, and aviation batteries. Energy Systems offers hydrogen-gas generators and thermoelectric and fuel-cell-based power sources for power plants, semiconductor manufacturing, and other industrial processes. Teledyne was founded in 1960 and is based in Thousand Oaks, Calif.

9,800 Employees
Last Reported Date: 02/26/15
Founded in 1960

teledyne technologies inc (TDY) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $930.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $425.0K
Executive Vice President of Engineered System...
Total Annual Compensation: $518.6K
Executive Vice President of Instrumentation, ...
Total Annual Compensation: $435.6K
Senior Vice President, General Counsel, Secre...
Total Annual Compensation: $385.7K
Compensation as of Fiscal Year 2014.

teledyne technologies inc (TDY) Key Developments

Teledyne Technologies Inc. Announces Management Changes

On May 1, 2015, Wajid Ali, Vice President and Controller of Teledyne Technologies Incorporated, notified Teledyne that he is resigning to pursue an opportunity with another company effective May 6, 2015. On May 5, 2015, Teledyne's Board of Directors appointed Cynthia Y. Belak, currently Vice President - Business Risk Assurance, as Teledyne's Vice President and Controller, effective May 6, 2015. Ms. Belak, age 58, has been Vice President - Business Risk Assurance of Teledyne since January 24, 2012. Prior to that, since January 4, 2010, Ms. Belak had been Group Controller within Teledyne's Aerospace and Defense Electronics segment.

Teledyne Technologies Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Teledyne Technologies Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $565.0 million against $573.5 million a year ago. Operating income was $67.3 million against $66.0 million a year ago. Income before income taxes was $62.2 million against $61.9 million a year ago. Net income was $43.7 million against $46.0 million a year ago. Net income attributable to company was $43.7 million or $1.20 per diluted share against $45.8 million or $1.20 per diluted share a year ago. The first quarter 2015 sales increase resulted from higher sales in the marine instrumentation and environmental instrumentation product lines, partially offset by lower sales of electronic test and measurement instrumentation. Cash provided by operating activities was $16.7 million compared with $27.1 million. The lower cash provided by operating activities in the first quarter of 2015 reflected payments of legal matters, the payment of a scheduled earn-out and the timing of accounts payable payments, partially offset by lower income tax payments. Free cash flow was $9.0 million compared with $15.4 million and reflected lower cash provided by operating activities, partially offset by lower capital expenditures. Capital expenditures were $7.7 million, compared with $11.7 million. The company ended the quarter with $719.8 million of net debt. Based on its current outlook, the company’s management believes that second quarter 2015 earnings per diluted share will be in the range of approximately $1.30 to $1.34. For the full year 2015, the company’s earnings per diluted share outlook is expected to be in the range of approximately $5.60 to $5.65. The company’s effective tax rate is expected to be 29.5%, before discrete items.

Teledyne Has Healthy Acquisition Pipeline

Teledyne Technologies Inc. (NYSE:TDY) has a healthy acquisition pipeline. Robert Mehrabian, Chairman, President and Chief Executive Officer of the company said: "A strong U.S. dollar and an expected decline in certain energy markets affected revenue. However, in the fraction of our business related to offshore energy production, we reported record sales in the first quarter, and backlog was resilient given healthy orders and market share gains. Sales of environmental instrumentation and commercial avionics also grew nicely from last year, offsetting some timing-related declines in our government businesses. While we are confident we will achieve sequential improvements in earnings this year, we have modestly adjusted our prior full-year outlook by $0.11 per share. Finally, our acquisition pipeline remains healthy, which should allow us to generate additional growth in our core businesses."

 

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Industry Analysis

TDY

Industry Average

Valuation TDY Industry Range
Price/Earnings 17.8x
Price/Sales 1.5x
Price/Book 2.8x
Price/Cash Flow 16.8x
TEV/Sales 1.1x
 | 

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