Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 51

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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52024ChangeNet sales (a):Digital Imaging$771.0 $739.4 4.3 %$1,528.0 $1,480.2 3.2 %Instrumentation367.6 333.5 10.2 %710.9 663.9 7.1 %Aerospace and Defense Electronics264.8 194.4 36.2 %507.3 380.1 33.5 %Engineered Systems110.3 106.8 3.3 %217.4 200.0 8.7 %Total net sales$1,513.7 $1,374.1 10.2 %$2,963.6 $2,724.2 8.8 %Operating income (loss):Digital Imaging$119.6 $113.5 5.4 %$241.9 $227.3 6.4 %Instrumentation101.6 87.2 16.5 %194.3 173.2 12.2 %Aerospace and Defense Electronics66.6 57.1 16.6 %122.3 109.0 12.2 %Engineered Systems 12.1 7.5 61.3 %22.9 10.2 124.5 %Corporate expense(21.7)(18.3)18.6 %(43.9)(38.4)14.3 %Total operating income (loss)$278.2 $247.0 12.6 %$537.5 $481.3 11.7 %

(a) Net sales exclude inter-segment sales of $7.2 million and $11.0 million for the second quarter and six months of 2025, respectively, and $8.5 million and $13.3 million for the second quarter and six months of 2024, respectively.

24

Second Quarter Results

The following is a discussion of our 2025 second quarter results compared with the second quarter results of 2024.  Comparisons are with the corresponding reporting period of 2024 unless noted otherwise.

Second quarter of 2025 compared with the second quarter of 2024

Our second quarter of 2025 net sales increased 10.2%.  Net income attributable to Teledyne for the