Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 33

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 33
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 acquisitions of businesses or product lines.  Our ability to raise additional capital will depend on a variety of factors, some of which will not be within our control, including the existence of bank and capital markets, investor perceptions of us, our businesses and the industries in which we operate, and general economic conditions.  Failure to successfully raise needed capital or generate cash flow on a timely or cost-effective basis could have a material adverse effect on our business, results of operations and financial condition.

We may be unable to successfully introduce new and enhanced products in a timely and cost-effective manner or increase our participation in new markets, which could harm our profitability and prospects.

Our operating results depend in part on our ability to introduce new and enhanced products on a timely basis.  Some of our businesses are engaged in major development activities.  If we fail to execute on these development activities in a timely manner, our business could be negatively impacted.  Some products, especially those sold by our Test and Measurement group, have short lifecycles that require frequent updating and new product innovation.  We may not be able to develop and introduce new or enhanced products in a timely and cost-effective manner or develop and introduce products that satisfy customer requirements.

Increasing competition could reduce the demand for our products and services.

Each of our markets is highly competitive.  Many of our competitors have, and potential competitors could have, greater name recognition, a larger installed base of products, more extensive engineering, manufacturing, marketing and distribution capabilities and greater financial, technological and personnel resources.  New or existing competitors may also develop new technologies that could adversely affect the demand for our products and services.  We have been experiencing increased competition for some of our key products.  Furthermore, some of our patents have expired or are expiring, which could open up further competition.  Additionally, some of our customers have been developing competing products or electing to vertically integrate and replace our products with their own.

Low-cost competition from China and other developing countries could also result in decreased demand for our products.  Increasing competition could reduce the volume of our sales or the prices we may charge, which would negatively impact our revenues.  We are experiencing increasing competition in many of our businesses, especially our digital imaging and instrumentation businesses, from Chinese manufacturers that offer lower cost products with increasingly advanced technical capabilities.

8

Risks Related to International Operations

We are subject to the risks associated with international sales and international operations, and events in those countries could harm our business or results of operations.

In 2024 and 2023,