Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 106

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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 3 to these condensed consolidated financial statements for additional segment information.

27

Digital Imaging

Second QuarterChangeSix MonthsChange(dollars in millions)20252024$%20252024$%Net sales$771.0$739.4$31.6 4.3 %$1,528.0$1,480.2$47.8 3.2 %Cost of sales$436.6$411.2$25.4 6.2 %$859.1$819.8$39.3 4.8 %Selling, general and administrative expense$120.3$126.3$(6.0)(4.8)%$243.0$250.0$(7.0)(2.8)%Research and development expense$48.2$43.1$5.1 11.8 %$92.3$92.0$0.3 0.3 %Acquired intangible asset amortization$46.3$45.3$1.0 2.2 %$91.7$91.1$0.6 0.7 %Operating income$119.6$113.5$6.1 5.4 %$241.9$227.3$14.6 6.4 %As a percentage of net sales:Cost of sales56.6 %55.6 %56.2 %55.3 %Selling, general and administrative expense15.6 %17.1 %15.9 %16.9 %Research and development expense6.3 %5.8 %6.1 %6.2 %Acquired intangible asset amortization6.0 %6.1 %6.0 %6.2 %Operating income15.5 %15.4 %15.8 %15.4 %

Second quarter of 2025 compared with the second quarter of 2024

Net sales increased primarily due to higher sales of unmanned air systems and commercial infrared imaging components, partially offset by lower sales of X-ray and geospatial products.  Sales of unmanned air systems increased $20.6 million, sales of commercial infrared imaging components increased $16.1 million, sales of X-ray products decreased $4.0 million and sales of geospatial products decreased $3.7 million.  The