Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 3

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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 %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 second quarter of 2025 increased 16.5%, driven primarily by higher net sales.  Net income per diluted share was $4.43 for the second quarter of 2025, compared with net income per diluted share of $3.77.

Net Sales 

The second quarter of 2025 net sales compared with the second quarter of 2024 reflected higher net sales in each segment.  The second quarter of 2025 included $70.1 million in incremental sales from recent acquisitions