Company: TDY
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001094285-25-000105
Chunk: 21

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 the date of the acquisition and are part of the Aerospace and Defense Electronics segment.  See Note 2 to these Notes to Condensed Consolidated Financial Statements for information regarding these 2025 acquisitions.The following table presents net sales, operating expenses and operating income by segment (dollars in millions):First Quarter%Net Sales (a):20252024ChangeDigital Imaging$757.0 $740.8 2.2 %Instrumentation 343.3 330.4 3.9 %Aerospace and Defense Electronics242.5 185.7 30.6 %Engineered Systems107.1 93.2 14.9 %Total net sales$1,449.9 $1,350.1 7.4 %(a) Net sales exclude inter-segment sales of $3.8 million and $4.8 million for the first quarter of 2025 and 2024, respectively.First Quarter%Cost of sales:20252024ChangeDigital Imaging$422.5 $408.6 3.4 %Instrumentation173.5 171.2 1.3 %Aerospace and Defense Electronics144.2 107.9 33.6 %Engineered Systems90.2 82.5 9.3 %Total cost of sales$830.4 $770.2 7.8 %First Quarter%Selling, general and administrative:20252024ChangeDigital Imaging$122.7 $123.7 (0.8)%Instrumentation49.7 47.0 5.7 %Aerospace and Defense Electronics33.2 21.0 58.1 %Engineered Systems6.1 7.9 (22.8)%Total selling, general and administrative$211.7 $199.6 6.1 %First Quarter%Research and development:20252024ChangeDigital Imaging$44.1 $48.9 (9.8)%Instrumentation24.2 22.8 6.1 %Aerospace and Defense Electronics6.0 4.7 27.7 %Engineered Systems— 0.1 (100.0)%Total research and development$74.3 $76.5 (2.9)%First Quarter%Acquired intangible asset amortization:20252024ChangeDigital Imaging$45.4 $45.8