Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 250

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 250
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.0 196.7 1.3 0.7 %Impairment of acquired intangible assets52.5 — 52.5 *Total costs and expenses4,680.9 4,601.1 79.8 1.7 %Operating income (loss)989.1 1,034.4 (45.3)(4.4)%Net income (loss) attributable to Teledyne$819.2 $885.7 $(66.5)(7.5)%Diluted earnings per common share$17.21 $18.49 $(1.28)(6.9)%

* not meaningful

25

Consolidated Results of Operations

Our businesses are aligned in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics and Engineered Systems.  Additional financial information about our business segments can be found in Note 4.

2024 compared with 2023

Net sales (dollars in millions)2024 2023$ Change% ChangeDigital Imaging $3,070.8 $3,144.1 $(73.3)(2.3)%Instrumentation1,382.6 1,326.2 56.4 4.3 %Aerospace and Defense Electronics 776.8 726.5 50.3 6.9 %Engineered Systems 439.8 438.7 1.1 0.3 %Total net sales$5,670.0 $5,635.5 $34.5 0.6 %

Results of operations (dollars in millions)20242023$ Change% ChangeDigital Imaging$442.0 $517.4 $(75.4)(14.6)%Instrumentation370.3 338.3 32.0 9.5 %Aerospace and Defense Electronics221.7 199.6 22.1 11.1 %Engineered Systems32.9 44.7 (11.8)(26.4)%Corporate expense(77.8)(65.6)(12.2)18.6 %Operating income (loss)989.1 1,034.4 (45.3)(4.4)%Interest and debt expense, net(57.9)(77.3)19.4 (25.1)%Non-service retirement benefit income10.8