Snapshot
Teledyne Technologies Inc reported $1.54B of revenue in Q3 2025, up 6.7% year over year, with diluted EPS of $4.65 and an operating margin of 18.4%.
- Revenue
- $1.54B
- YoY growth
- +6.7%
- Diluted EPS
- $4.65
- Operating margin
- 18.4%
$1.54B
Revenue
+6.7%
YoY growth
$4.65
Diluted EPS
18.4%
Operating margin
01 Key takeaways
What management said
- •This is Jason VanWees, Vice Chairman, and I'd like to welcome everyone to Teledyne's Third Quarter 2025 Earnings Release conference call.
- •First, I must say I'm very pleased to announce that we had record, all-time record quarterly sales, non-GAAP earnings per share, and free cash flow.
- •Sales increased 6.7% from last year, non-GAAP earnings increased 9.2%, and free cash flow was a record $314 million.
- •Furthermore, total company new orders were also a quarterly record, due in part to continued backlog growth at Teledyne FLIR.
- •Given our strong third-quarter performance, recovering commercial short-cycle businesses, and also robust backlog growth, we're raising our full-year earnings outlook at both the bottom and the top of the forecasted range.
- •Likewise, last quarter, we expected 2025 full-year sales to be about $6.03 billion, but now we believe we may achieve sales of $6.06 billion.
- •Our defense-related businesses, including our new acquisitions, are performing extremely well, and we continue to pursue a number of significant contract opportunities not yet formally awarded or reflected in our backlog.
- •Finally, I must note, despite spending $770 million in cash year-to-date on acquisitions, our current balance sheet is the strongest since prior to the FLIR acquisition in 2021.
- •We also expect to close a small TransponderTech acquisition bought from Saab very soon, having recently received approval from the government of Sweden.
- •Non-GAAP operating margin decreased 92 basis points, primarily due to greater cost reduction expenses, which we did not exclude from non-GAAP margins, as well as 90 basis points of increased R&D expense.
- •In the Instrumentation segment, which consists of our marine, environmental, and test and measurement businesses, third-quarter total sales increased 3.9% versus last year.
- •This primarily resulted from higher sales for process gas safety and ambient air and emissions monitoring instrumentation, due in part to demand for new natural gas-fired power plants and other energy infrastructure.
SourcesCompany financials · earnings call
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