Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 112

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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 sales remained reasonably consistent between the two periods.

Operating income increased primarily due to higher net sales and lower SG&A, partially offset by unfavorable product mix during the period.  As a result, operating income as a percentage of net sales increased slightly during the period. 

29

Instrumentation

Third QuarterChangeNine MonthsChange(dollars in millions)20252024$%20252024$%Net sales$363.6$349.8$13.8 3.9 %$1,074.5$1,013.7$60.8 6.0 %Cost of sales$186.2$178.3$7.9 4.4 %$546.4$519.5$26.9 5.2 %Selling, general and administrative expense$50.9$48.4$2.5 5.2 %$150.9$145.7$5.2 3.6 %Research and development expense$24.4$23.3$1.1 4.7 %$74.3$68.5$5.8 8.5 %Acquired intangible asset amortization$3.3$3.5$(0.2)(5.7)%$9.8$10.5$(0.7)(6.7)%Operating income$98.8$96.3$2.5 2.6 %$293.1$269.5$23.6 8.8 %As a percentage of net sales:Cost of sales51.2 %51.0 %50.9 %51.3 %Selling, general and administrative expense14.0 %13.8 %14.0 %14.3 %Research and development expense6.7 %6.7 %6.9 %6.8 %Acquired intangible asset amortization0.9 %1.0 %0.9 %1.0 %Operating income27.2 %27.5 %27.3 %26.6 %

Third quarter of 2025 compared with the third quarter of 2024

Net sales increased due to higher sales in each product line.  Sales of Environmental Instrumentation increased $8.1 million primarily due to stronger sales of gas detection products.  Sales of Marine Instrumentation increased $5.3