Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 108

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 108
---
 unfavorable product mix during the period.  As a result, operating income as a percentage of net sales increased during the period. 

28

Instrumentation

Second QuarterChangeSix MonthsChange(dollars in millions)20252024$%20252024$%Net sales$367.6$333.5$34.1 10.2 %$710.9$663.9$47.0 7.1 %Cost of sales$186.7$170.0$16.7 9.8 %$360.2$341.2$19.0 5.6 %Selling, general and administrative expense$50.3$50.3$— — %$100.0$97.3$2.7 2.8 %Research and development expense$25.7$22.4$3.3 14.7 %$49.9$45.2$4.7 10.4 %Acquired intangible asset amortization$3.3$3.6$(0.3)(8.3)%$6.5$7.0$(0.5)(7.1)%Operating income$101.6$87.2$14.4 16.5 %$194.3$173.2$21.1 12.2 %As a percentage of net sales:Cost of sales50.8 %51.0 %50.7 %51.3 %Selling, general and administrative expense13.7 %15.1 %14.1 %14.7 %Research and development expense7.0 %6.7 %7.0 %6.8 %Acquired intangible asset amortization0.9 %1.1 %0.9 %1.1 %Operating income27.6 %26.1 %27.3 %26.1 %

Second quarter of 2025 compared with the second quarter of 2024

Net sales increased due to higher sales in each product line.  Sales of Marine Instrumentation increased $23.7 million due to stronger offshore energy and defense markets.  Sales of Environmental Instrumentation increased $6.4 million and sales of Test and Measurement Instrumentation increased $4.0 million.

Cost of sales increased primarily due to higher net sales.  The cost of sales percentage decreased slightly.