Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 19

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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Item 1.    Financial Statements

TELEDYNE TECHNOLOGIES INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 29, 2025 AND JUNE 30, 2024 

(Unaudited — Amounts in millions, except per share amounts)

Second QuarterSix Months 2025202420252024Net sales$1,513.7 $1,374.1 $2,963.6 $2,724.2 Costs and expensesCost of sales869.1 781.5 1,699.5 1,551.7 Selling, general and administrative229.4 224.8 463.3 444.5 Research and development82.4 71.7 156.7 148.2 Acquired intangible asset amortization 54.6 49.1 106.6 98.5 Total costs and expenses1,235.5 1,127.1 2,426.1 2,242.9 Operating income (loss)278.2 247.0 537.5 481.3 Interest and debt income (expense), net(17.6)(15.8)(34.9)(28.5)Non-service retirement benefit income (expense), net2.7 2.7 5.5 5.4 Other income (expense), net(2.7)(2.2)(8.6)(1.0)Income (loss) before income taxes260.6 231.7 499.5 457.2 Provision (benefit) for income taxes50.2 51.4 100.3 97.8 Net income (loss) including noncontrolling interest210.4 180.3 399.2 359.4 Less: Net income (loss) attributable to noncontrolling interest0.5 0.1 0.7 0.7 Net income (loss) attributable to Teledyne$209.9 $180.2 $398.5 $358.7 Basic earnings per common share$4.48 $3.82 $8.51 $7.58 Weighted average common shares outstanding46.9 47.2 46.8 47.