TELEDYNE TECHNOLOGIES INCORPORATED |
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CONSOLIDATED STATEMENTS OF INCOME |
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FOR THE THREE MONTHS ENDED |
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APRIL 3, 2016 AND MARCH 29, 2015 |
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(Unaudited - in millions, except per share amounts) |
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First
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First
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2016 |
2015 |
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Net sales | $ |
530.5 |
$ | 565.0 | |||||
Costs and expenses: | |||||||||
Costs of sales | 324.8 | 345.9 | |||||||
Selling, general and administrative expenses | 144.7 | 151.8 | |||||||
Total costs and expenses | 469.5 | 497.7 | |||||||
Operating income | 61.0 | 67.3 | |||||||
Interest expense, net | (5.7 | ) | (5.9 | ) | |||||
Other income (expense), net | (1.3 | ) | 0.8 | ||||||
Income before income taxes | 54.0 | 62.2 | |||||||
Provision for income taxes | 15.6 | 18.5 | |||||||
Net income attributable to Teledyne | $ | 38.4 | $ | 43.7 | |||||
Diluted earnings per common share | $ | 1.10 | $ | 1.20 | |||||
Weighted average diluted common shares outstanding |
34.9 | 36.5 | |||||||
TELEDYNE TECHNOLOGIES INCORPORATED | |||||||||||||
SUMMARY OF SEGMENT NET SALES AND OPERATING INCOME | |||||||||||||
FOR THE THREE MONTHS ENDED | |||||||||||||
APRIL 3, 2016 AND MARCH 29, 2015 | |||||||||||||
(Unaudited - in millions) |
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First
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First
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%
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2016 | 2015 | ||||||||||||
Net sales: | |||||||||||||
Instrumentation | $ | 223.7 | $ | 270.3 | (17.2 | )% | |||||||
Digital Imaging | 89.9 | 90.4 | (0.6 | )% | |||||||||
Aerospace and Defense Electronics | 152.6 | 141.2 | 8.1 | % | |||||||||
Engineered Systems | 64.3 | 63.1 | 1.9 | % | |||||||||
Total net sales | $ | 530.5 | $ | 565.0 | (6.1 | )% | |||||||
Operating income: | |||||||||||||
Instrumentation | $ | 31.4 | $ | 42.1 | (25.4 | )% | |||||||
Digital Imaging | 8.2 | 9.3 | (11.8 | )% | |||||||||
Aerospace and Defense Electronics | 24.1 | 19.4 | 24.2 | % | |||||||||
Engineered Systems | 8.0 | 6.7 | 19.4 | % | |||||||||
Corporate expense | (10.7 | ) | (10.2 | ) | 4.9 | % | |||||||
Operating income | 61.0 | 67.3 | (9.4 | )% | |||||||||
Interest expense, net | (5.7 | ) | (5.9 | ) | (3.4 | )% | |||||||
Other income (expense), net | (1.3 | ) | 0.8 | * | |||||||||
Income before income taxes | 54.0 | 62.2 | (13.2 | )% | |||||||||
Provision for income taxes | 15.6 | 18.5 | (15.7 | )% | |||||||||
Net income attributable to Teledyne | $ | 38.4 | $ | 43.7 | (12.1 | )% | |||||||