Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 13

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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4 8.7 %Cost of sales$91.6$92.8$(1.2)(1.3)%$181.8$175.3$6.5 3.7 %Selling, general and administrative expense$6.3$6.4$(0.1)(1.6)%$12.4$14.3$(1.9)(13.3)%Research and development expense$0.3$0.1$0.2 200.0 %$0.3$0.2$0.1 50.0 %Operating income$12.1$7.5$4.6 61.3 %$22.9$10.2$12.7 124.5 %As percentage of net sales:Cost of sales83.0 %86.9 %83.7 %87.7 %Selling, general and administrative expense5.7 %6.0 %5.7 %7.1 %Research and development expense0.3 %0.1 %0.1 %0.1 %Operating income11.0 %7.0 %10.5 %5.1 %

Second quarter of 2025 compared with the second quarter of 2024

Net sales increased due to higher sales of $4.0 million for engineered products, partially offset by a $0.5 million decrease in energy systems.

Cost of sales and cost of sales as a percentage decreased primarily due to favorable program mix.  SG&A expense and SG&A expense as a percentage of net sales decreased slightly.

Operating income and operating income as a percentage of net sales increased primarily due to higher net sales and favorable program mix.

First six months of 2025 compared with the first six months of 2024

Net sales increased due to higher sales of $18.2 million for engineered products, partially offset by a $0.8 million decrease in energy systems.

Cost of sales increased primarily due to higher net sales, partially offset by favorable program mix and cost of sales as a percentage decreased primarily due to favorable program mix.  SG&A expense decreased primarily due to lower selling expense and SG&A expense as a percentage of net sales decreased.

Operating income and operating income as a percentage of net sales increased primarily due to higher net sales and favorable program mix.

Financial Condition, Liquidity and Capital Resources

Our principal cash and capital requirements are