Company: TDY
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001094285-25-000105
Chunk: 13

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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Item 1.    Financial Statements

TELEDYNE TECHNOLOGIES INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

FOR THE FIRST QUARTER ENDED MARCH 30, 2025 AND MARCH 31, 2024 

(Unaudited — Amounts in millions, except per share amounts)

First Quarter 20252024Net sales$1,449.9 $1,350.1 Costs and expensesCost of sales830.4 770.2 Selling, general and administrative233.9 219.7 Research and development74.3 76.5 Acquired intangible asset amortization 52.0 49.4 Total costs and expenses1,190.6 1,115.8 Operating income (loss)259.3 234.3 Interest and debt income (expense), net(17.3)(12.7)Non-service retirement benefit income (expense), net2.8 2.7 Other income (expense), net(5.9)1.2 Income (loss) before income taxes238.9 225.5 Provision (benefit) for income taxes50.1 46.4 Net income (loss) including noncontrolling interest188.8 179.1 Less: Net income (loss) attributable to noncontrolling interest0.2 0.6 Net income (loss) attributable to Teledyne$188.6 $178.5 Basic earnings per common share$4.03 $3.77 Weighted average common shares outstanding46.8 47.3 Diluted earnings per common share$3.99 $3.72 Weighted average diluted common shares outstanding47.3 48.0 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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TELEDYNE TECHNOLOGIES INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 

FOR THE FIRST QUARTER ENDED MARCH 30, 2025 AND MARCH 31, 2024

(Unaudited — Amounts in millions)

 First Quarter 20252024Net income (loss) including noncontrolling interest$188.8 $179.1 Other comprehensive income (loss):Foreign exchange translation adjustment150.8