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 FIRST QUARTER RESULTS

THOUSAND OAKS, Calif. April 27, 2011 Teledyne Technologies Incorporated (NYSE:TDY)

  • Record first quarter sales, earnings per share and operating margin
  • First quarter sales increased 15.6% to $468.1 million
  • Earnings from continuing operations increased 27.9% to $0.87 per share
  • Issuing full year 2011 earnings outlook of $3.25 to $3.32 per share
  • Completed the acquisition of DALSA Corporation
  • Completed the sale of our piston engines businesses in April 2011

Teledyne Technologies today reported first quarter 2011 sales of $468.1 million, compared with sales of $404.9 million for the first quarter of 2010. Net income attributable to Teledyne Technologies was $32.0 million ($0.86 per diluted share) for the first quarter of 2011, compared with $25.0 million ($0.68 per diluted share) for the first quarter of 2010, an increase of 28.0%. Net income attributable to Teledyne Technologies, excluding discontinued operations, was $32.5 million ($0.87 per diluted share) for the first quarter of 2011, compared with $25.0 million ($0.68 per diluted share) for the first quarter of 2010, an increase of 30.0%.

"We were pleased with our results, as both revenue and earnings increased substantially compared to last year," said Robert Mehrabian, chairman, president and chief executive officer. "Beyond our strong financial performance, the strategic changes over the last several months are even more significant. Teledyne has steadily evolved over the last decade, but having divested our piston engine businesses and with the acquisition of DALSA, Teledyne is now truly an electronics, instrumentation and engineering company. The proportion of earnings generated from commercial markets and international customers continues to grow. For example, our instrumentation and imaging businesses provide proprietary products for global energy, water quality and industrial manufacturing applications. In addition, given our exposure to subsea oil exploration and production, Teledyne is positively leveraged to rising commodity costs."

Investor Contact: Jason VanWees (805) 373-4542

Press Contact: Robyn McGowan (805) 373-4540




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.