Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
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.
This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.
