Company: TDY
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001094285-25-000105
Chunk: 61

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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$117.2 $1,449.9 (a) U.S. Government sales include sales as a prime contractor or subcontractor.(b) Primarily commercial sales(c) Geographic region by destination

First Quarter EndedMarch 31, 2024First Quarter EndedMarch 31, 2024Customer TypeGeographic Region (c)(in millions)U.S. Govt. (a)Other (b)TotalUnited StatesEuropeAsiaAll OtherTotalNet sales:Digital Imaging$130.7 $610.1 $740.8 $333.7 $200.3 $134.2 $72.6 $740.8 Instrumentation33.3 297.1 330.4 144.6 96.9 60.1 28.8 330.4 Aerospace and Defense Electronics58.8 126.9 185.7 123.7 34.2 18.6 9.2 185.7 Engineered Systems79.8 13.4 93.2 92.8 — 0.1 0.3 93.2 Total$302.6 $1,047.5 $1,350.1 $694.8 $331.4 $213.0 $110.9 $1,350.1 (a) U.S. Government sales include sales as a prime contractor or subcontractor.(b) Primarily commercial sales(c) Geographic region by destination

With the exception of the Engineered Systems segment, net sales in each segment are primarily derived from fixed price contracts.  Net sales in the Engineered Systems segment are typically between 45% and 55% fixed price contracts in a given reporting period, with the balance of net sales derived from cost-reimbursable type contracts.  For the three months ended March 30, 2025, approximately 47% of net sales in the Engineered Systems segment were derived from fixed price contracts.Contract LiabilitiesBalance atContract Liabilities by Balance Sheet Location (in millions)March 30, 2025December 29, 2024Accrued liabilities$323.7 $312.6 Other long-term liabilities42.5 30.5 Total contract liabilities$366.2 $343.1 The Company recognized revenue of $98.3 million during the three months ended March 30, 2025