Teledyne Applied sciences beats This fall expectations, FY25 steerage falls in need of estimates

THOUSAND OAKS, Calif. – Teledyne Applied sciences Integrated (NYSE:TDY) reported fourth quarter earnings that surpassed analyst estimates, whereas offering a blended outlook for 2025. TDY shares have been buying and selling flat following the announcement.

The know-how firm posted adjusted earnings per share of $5.52 for This fall, beating the Wall Avenue consensus of $5.23. Income got here in at $1.5 billion, additionally topping expectations of $1.45 billion and representing a 5.4% improve year-over-year.

“Within the fourth quarter, we achieved all-time report gross sales and non-GAAP earnings per share,” mentioned Robert Mehrabian, Govt Chairman. “Yr-over-year progress accelerated, as our shorter-cycle companies improved all through 2024 coupled with robust demand in our longer cycle protection, house, and vitality companies.”

For the total yr 2024, Teledyne reported income of $5.67 billion, up 0.6% from 2023. Adjusted earnings per share for the yr reached $19.73.

Wanting forward, the corporate issued steerage for fiscal 2025, projecting adjusted earnings per share between $21.10 and $21.50. The midpoint of this vary falls barely beneath the present analyst consensus of $21.55.

Teledyne famous it ended 2024 with low leverage regardless of $1.1 billion in capital deployment. The corporate additionally highlighted its current acquisition of Micropac Industries and pending acquisition of choose aerospace and protection electronics companies from Excelitas Applied sciences.

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