THOUSAND OAKS, Calif. - April 22, 2020 - Teledyne Technologies Incorporated (NYSE:TDY)

Teledyne today reported first quarter 2020 net sales of $784.6 million, compared with net sales of $745.2 million for the first quarter of 2020, an increase of 5.3%. Net income was $82.2 million ($2.17 diluted earnings per share) for the first quarter of 2020, compared with $75.3 million ($2.02 diluted earnings per share) for the first quarter of 2019, an increase of 9.2%. The first quarter of 2020 included $10.4 million in severance, facility consolidation, acquisition and certain contract adjustment costs compared with $2.4 million in severance, facility consolidation, and acquisition costs for the first quarter of 2019. The first quarter of 2020 reflected net discrete income tax benefits of $4.2 million compared with net discrete income tax benefits of $3.1 million for the first quarter of 2019.

THOUSAND OAKS, Calif. - July 22, 2020 - Teledyne Technologies Incorporated (NYSE:TDY)

Teledyne today reported second quarter 2020 net sales of $743.3 million, compared with net sales of $782.0 million for the second quarter of 2019, a decrease of 4.9%. Net income was $93.7 million ($2.48 diluted earnings per share) for the second quarter of 2020, compared with $104.6 million ($2.80 diluted earnings per share) for the second quarter of 2019, a decrease of 10.4%. The second quarter of 2020 included $8.6 million in severance, facility consolidation and acquisition costs compared with $1.3 million in severance, facility consolidation and acquisition costs for the second quarter of 2019. The second quarter of 2020 reflected net discrete income tax benefits of $10.4 million compared with net discrete income tax benefits of $4.3 million for the second quarter of 2019.