TELEDYNE TECHNOLOGIES INCORPORATED SUMMARY OF SEGMENT NET SALES AND OPERATING INCOME FOR THE THIRD QUARTER AND NINE MONTHS ENDED OCTOBER 2, 2022 AND OCTOBER 3, 2021 (Unaudited - $ in millions) |
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|
|
Third Quarter |
|
Third Quarter |
|
% Change |
|
Nine Months |
|
Nine Months |
|
% Change |
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|
|
2022 |
|
2021 |
|
|
2022 |
|
2021 |
|
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Net sales: |
|
|
|
|
|
|
|
|
|
|
|
|
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Digital Imaging |
|
$ |
777.9 |
|
|
$ |
760.6 |
|
|
2.3 |
% |
|
$ |
2,304.2 |
|
|
$ |
1,603.4 |
|
|
43.7 |
% |
Instrumentation |
|
|
306.4 |
|
|
|
287.1 |
|
|
6.7 |
% |
|
|
927.8 |
|
|
|
864.7 |
|
|
7.3 |
% |
Aerospace and Defense Electronics |
|
|
169.5 |
|
|
|
161.8 |
|
|
4.8 |
% |
|
|
504.5 |
|
|
|
465.4 |
|
|
8.4 |
% |
| Engineered Systems |
|
|
109.8 |
|
|
|
102.4 |
|
|
7.2 |
% |
|
|
303.9 |
|
|
|
305.1 |
|
|
(0.4 |
) % |
| Total net sales |
|
$ |
1,363.6 |
|
|
$ |
1,311.9 |
|
|
3.9 |
% |
|
$ |
4,040.4 |
|
|
$ |
3,238.6 |
|
|
24.8 |
% |
| Operating income: |
|
|
|
|
|
|
|
|
|
|
|
|
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| Digital Imaging (a) |
|
$ |
133.7 |
|
|
$ |
94.9 |
|
|
40.9 |
% |
|
$ |
367.3 |
|
|
$ |
231.5 |
|
|
58.7 |
% |
| Instrumentation |
|
|
71.1 |
|
|
|
63.0 |
|
|
12.9 |
% |
|
|
216.3 |
|
|
|
187.0 |
|
|
15.7 |
% |
| Aerospace and Defense Electronics |
|
|
44.3 |
|
|
|
35.9 |
|
|
23.4 |
% |
|
|
131.3 |
|
|
|
92.6 |
|
|
41.8 |
% |
| Engineered Systems |
|
|
11.9 |
|
|
|
11.5 |
|
|
3.5 |
% |
|
|
29.9 |
|
|
|
37.4 |
|
|
(20.1 |
) % |
| Corporate expense (a) |
|
|
(15.8 |
) |
|
|
(15.7 |
) |
|
0.6 |
% |
|
|
(46.6 |
) |
|
|
(119.3 |
) |
|
(60.9 |
) % |
| Operating income |
|
|
245.2 |
|
|
|
189.6 |
|
|
29.3 |
% |
|
|
698.2 |
|
|
|
429.2 |
|
|
62.7 |
% |
| Interest and debt expense, net (a) |
|
|
(22.0 |
) |
|
|
(23.8 |
) |
|
(7.6 |
) % |
|
|
(66.8 |
) |
|
|
(67.3 |
) |
|
(0.7 |
) % |
| Gain (loss) on debt extinguishment (a) |
|
|
— |
|
|
|
— |
|
|
* |
|
|
10.6 |
|
|
|
(13.4 |
) |
|
* |
||
| Non-service retirement benefit income |
|
|
2.9 |
|
|
|
2.8 |
|
|
3.6 |
% |
|
|
8.6 |
|
|
|
8.4 |
|
|
2.4 |
% |
| Other income (expense), net |
|
|
5.2 |
|
|
|
(0.7 |
) |
|
* |
|
|
5.2 |
|
|
|
4.4 |
|
|
18.2 |
% |
|
| Income before income taxes |
|
|
231.3 |
|
|
|
167.9 |
|
|
37.8 |
% |
|
|
655.8 |
|
|
|
361.3 |
|
|
81.5 |
% |
| Provision for income taxes (b) |
|
|
53.1 |
|
|
|
33.8 |
|
|
57.1 |
% |
|
|
93.7 |
|
|
|
77.8 |
|
|
20.4 |
% |
| Net income including noncontrolling interest |
|
|
178.2 |
|
|
|
134.1 |
|
|
32.9 |
% |
|
|
562.1 |
|
|
|
283.5 |
|
|
98.3 |
% |
| Less: Net income (loss) attributable to noncontrolling interest |
|
|
(0.1 |
) |
|
|
— |
|
|
* |
|
|
(0.1 |
) |
|
|
— |
|
|
* |
||
| Net income attributable to Teledyne |
|
$ |
178.3 |
|
|
$ |
134.1 |
|
|
33.0 |
% |
|
$ |
562.2 |
|
|
$ |
283.5 |
|
|
98.3 |
% |
|
Teledyne Technologies Reports Third Quarter Results
This financial statement was prepared in accordance with U.S. GAAP.
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