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News

Teledyne Technologies Reports First Quarter Results

Teledyne Technologies today reported first quarter 2007 sales of $385.6 million, compared with sales of $330.2 million for the same period of 2006. Net income for the first quarter of 2007 was $20.5 million ($0.57 per diluted share), compared with net income of $17.9 million ($0.51 per diluted share) in the first quarter of 2006.

"Teledyne started 2007 with a great quarter. Operating margin increased in each business segment compared to last year," said Robert Mehrabian, chairman, president and chief executive officer. "In addition, free cash flow of $24.2 million was very strong, even though first quarter cash flow is often seasonally weak compared to other periods. During the quarter, we acquired assets of D.G. O'Brien, Inc., a manufacturer of highly reliable subsea electronic interconnect systems. Having acquired four marine instrumentation businesses in the last two years, Teledyne has become a leader in this market."

Teledyne Technologies Investor Contact:
Jason VanWees
(805) 373-4542

Press Contact:
Robyn McGowan
(805) 373-4540




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1049 Camino Dos Rios - Thousand Oaks, CA 91360 - 805-373-4545
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