Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 52

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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13 for additional discussion around our derivative instruments and hedging activities used to mitigate these impacts.

As part of a continuing effort to reduce costs and improve operating performance, we continue to take actions to consolidate and relocate certain facilities and reduce headcount across various businesses, reducing our exposure to weaker end markets.  We continue to seek cost reductions in our businesses.

24

Results of Operations

  Third Quarter%Nine Months%(dollars in millions)20252024Change20252024ChangeNet sales$1,539.5 $1,443.5 6.7 %$4,503.1 $4,167.7 8.0 %Costs and expensesCost of sales880.0 823.9 6.8 %2,579.5 2,375.6 8.6 %Selling, general and administrative238.2 226.1 5.4 %701.5 670.6 4.6 %Research and development83.4 73.0 14.2 %240.1 221.2 8.5 %Acquired intangible asset amortization55.1 49.8 10.6 %161.7 148.3 9.0 %Total costs and expenses1,256.7 1,172.8 7.2 %3,682.8 3,415.7 7.8 %Operating income (loss)282.8 270.7 4.5 %820.3 752.0 9.1 %Interest and debt income (expense), net(12.6)(15.7)(19.7)%(47.5)(44.2)7.5 %Non-service retirement benefit income (expense)2.7 2.8 (3.6)%8.2 8.2 — %Other income (expense), net0.9 (2.7)(133.3)%(7.7)(3.7)108.1 %Income before income taxes273.8 255.1 7.3 %773.3 712.3 8.6 %Provision (benefit) for income taxes52.9 (7.1)*153.2 90.7 68.9 %Net income (loss) including noncontrolling interest220.9 262