Home      Corporate Information      Teledyne Companies      News      Investors


About Us

  Did You Know

  Competitive Strengths

  Ethics and Values

  Everywhereyoulook

Management Team

  Board of Directors

  Executive Profiles

Financial Information
  Investor Information

  News/Earnings

  Stockholder Info

Careers

  Work With Us

  Submit Your Resume




News

Teledyne Technologies Reports Third Quarter Results

LOS ANGELES - October 23, 2003 - Teledyne Technologies Incorporated (NYSE:TDY)

  • Revenues of $215.7 million increased 12.5% compared to last year
  • Earnings per share of $0.30 included a one-time tax benefit of $0.07 per share
  • Excluding pension income and expense and the tax benefit, EPS increased 30.0%
  • Raising 2003 full year EPS outlook

Teledyne Technologies today reported third quarter 2003 sales of $215.7 million, compared with sales of $191.8 million for the same period in 2002. Net income for the third quarter of 2003 was $9.9 million ($0.30 per diluted share), compared with net income of $6.9 million ($0.21 per diluted share) in the third quarter of 2002. Net income for the third quarter of 2003 was $7.5 million ($0.23 per diluted share) excluding a $2.4 million one-time income tax benefit, resulting from the reversal of an income tax contingency reserve. Net income for the third quarter of 2003 included pretax non-cash pension expense of $1.7 million, compared with pretax non-cash pension income of $0.5 million for the same period of 2002.

Full Release: 3rd Quarter Earnings.pdf

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640




Home | Terms of Use | Careers | Search | Contact

Copyright © 2017 Teledyne Technologies Incorporated. All rights reserved.
1049 Camino Dos Rios - Thousand Oaks, CA 91360 - 805-373-4545
Quote data provided by North American Quotations, Inc.