Snapshot
Teledyne Technologies Inc reported $1.51B of revenue in Q2 2025, up 10.2% year over year, with diluted EPS of $4.43 and an operating margin of 18.4%.
- Revenue
- $1.51B
- YoY growth
- +10.2%
- Diluted EPS
- $4.43
- Operating margin
- 18.4%
$1.51B
Revenue
+10.2%
YoY growth
$4.43
Diluted EPS
18.4%
Operating margin
01 Key takeaways
What management said
- •I'd like to welcome everyone to Teledyne's second quarter 2025 earnings release conference call.
- •We've achieved greatest total for an organic sales growth in almost three years.
- •Half organic, half acquisitions, and accelerated for three quarters in a row.
- •Non-GAAP earnings per share increased 13.5% from last year and were also at record for any second quarter.
- •Organic sales growth in digital imaging was also the most in three years, primarily resulting from healthy growth in our Teledyne FLIR's defense and industrial businesses.
- •Nevertheless, we're being a little cautious, worrying about whether second quarter strength in our short cycle businesses resulted from accelerated demand in advance of planned U.S.
- •Despite spending $770 million year-to-date on acquisitions, our current debt-to-leverage ratio, debt-to-EBITDA, is 1.6, with only fixed-rate debt and approximately $1.17 billion out of $1.2 billion available in our credit facility.
- •In the Digital Imaging segment, second quarter sales increased 4.3%, which was the greatest year-over-year growth in three years.
- •Non-GAAP operating margin decreased marginally due in part to greater severance costs, which we did not exclude from non-GAAP margins.
- •In the Instrumentation segment, which consists of our marine, environmental, and test and measurement businesses, second quarter total sales increased 10.2% versus last year.
- •Instrumentation operating margin in the second quarter increased 149 basis points to 27.6%, and 134 basis points on a non-GAAP basis to 28.5%.
- •In the Aerospace and Defense Electronics segment, second quarter sales increased 36.2%, primarily driven by acquisitions and organic growth of defense electronics products.
SourcesCompany financials · earnings call
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