TELEDYNE TECHNOLOGIES INCORPORATED SUMMARY OF SEGMENT NET SALES AND OPERATING INCOME FOR THE FIRST QUARTER ENDED MARCH 31, 2024 AND APRIL 2, 2023 (Unaudited - $ in millions) |
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First Quarter |
|
First Quarter |
|
% Change |
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|
2024 |
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|
2023 |
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Net sales: |
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|
|
|
|
|
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Digital Imaging |
|
$ |
740.8 |
|
|
$ |
772.5 |
|
|
(4.1 |
)% |
Instrumentation |
|
|
330.4 |
|
|
|
333.5 |
|
|
(0.9 |
)% |
Aerospace and Defense Electronics |
|
|
185.7 |
|
|
|
173.2 |
|
|
7.2 |
% |
Engineered Systems |
|
|
93.2 |
|
|
|
104.1 |
|
|
(10.5 |
)% |
Total net sales |
|
$ |
1,350.1 |
|
|
$ |
1,383.3 |
|
|
(2.4 |
)% |
| Operating income (loss): |
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|
|
|
|
|
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| Digital Imaging |
|
$ |
113.8 |
|
|
$ |
122.2 |
|
|
(6.9 |
)% |
| Instrumentation |
|
|
86.0 |
|
|
|
80.7 |
|
|
6.6 |
% |
| Aerospace and Defense Electronics |
|
|
51.9 |
|
|
|
47.0 |
|
|
10.4 |
% |
| Engineered Systems |
|
|
2.7 |
|
|
|
10.0 |
|
|
(73.0 |
)% |
| Corporate expense |
|
|
(20.1 |
) |
|
|
(17.4 |
) |
|
15.5 |
% |
| Operating income (loss) |
|
|
234.3 |
|
|
|
242.5 |
|
|
(3.4 |
)% |
| Interest and debt income (expense), net |
|
|
(12.7 |
) |
|
|
(21.0 |
) |
|
(39.5 |
)% |
| Non-service retirement benefit income (expense), net |
|
|
2.7 |
|
|
|
3.3 |
|
|
(18.2 |
)% |
| Other income (expense), net |
|
|
1.2 |
|
|
|
(1.1 |
) |
|
* |
|
| Income (loss) before income taxes |
|
|
225.5 |
|
|
|
223.7 |
|
|
0.8 |
% |
| Provision (benefit) for income taxes |
|
|
46.4 |
|
|
|
44.9 |
|
|
3.3 |
% |
| Net income (loss) including noncontrolling interest |
|
|
179.1 |
|
|
|
178.8 |
|
|
0.2 |
% |
| Less: Net income (loss) attributable to noncontrolling interest |
|
|
0.6 |
|
|
|
0.1 |
|
|
* |
|
| Net income (loss) attributable to Teledyne |
|
$ |
178.5 |
|
|
$ |
178.7 |
|
|
(0.1 |
)% |
| * not meaningful |
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Teledyne Technologies Reports First Quarter Results
This condensed consolidated financial statement was prepared in accordance with U.S. GAAP.
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