Teledyne Shares Climb on Record 4Q Revenue, Acquisition Plans

Dow Jones01-23 07:18

By Katherine Hamilton

Shares for Teledyne Technologies hit an all-time high after the company beat Wall Street expectations for fourth-quarter sales and said it expects to deploy $770 million on acquisitions in the quarter ahead.

The stock closed at $511.67, up 6.5%, in Wednesday trading after touching a new high of $515.99 intraday. Shares are up 22% over the past 12 months, and have risen for seven consecutive days. Today's gain marked Teledyne's largest percent increase since November 2020, when it rose 8%.

The Thousand Oaks, Calif., maker of infrared cameras and other high-tech industrial and aerospace supplies reported a fourth-quarter profit of $198.5 million, or $4.20 a share, compared with $323.1 million, or $6.75 a share in the year-ago quarter.

Adjusted for one-time items, the company reported earnings of $5.52 a share, beating analysts' expectations of $5.23 a share.

It posted a quarterly revenue of $1.5 billion, up 5.4% from last year. Analysts expected $1.45 billion.

For 2025, the company said it expects earnings per share between $21.10 to $21.50, compared with $17.21 for fiscal 2024.

Teledyne said it closed on its acquisition of Micropac at the beginning of 2025 and will deploy about $770 million on acquisitions during the first quarter of the year.

The company expects its commercial and defense markets are well-positioned to grow, Executive Chairman Robert Mehrabian said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 22, 2025 18:18 ET (23:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2505835560?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-23 07:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2505835560","market":"hk","top_or_hot":-1,"title":"Teledyne Shares Climb on Record 4Q Revenue, Acquisition Plans","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Katherine Hamilton \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares for Teledyne Technologies hit an all-time high after the company beat Wall Street expectations for fourth-quarter sales and said it expects to deploy $770 million on acquisitions in the quarter ahead. \n</p>\n<p>\n  The stock closed at $511.67, up 6.5%, in Wednesday trading after touching a new high of $515.99 intraday. Shares are up 22% over the past 12 months, and have risen for seven consecutive days. Today's gain marked Teledyne's largest percent increase since November 2020, when it rose 8%. \n</p>\n<p>\n  The Thousand Oaks, Calif., maker of infrared cameras and other high-tech industrial and aerospace supplies reported a fourth-quarter profit of $198.5 million, or $4.20 a share, compared with $323.1 million, or $6.75 a share in the year-ago quarter. \n</p>\n<p>\n  Adjusted for one-time items, the company reported earnings of $5.52 a share, beating analysts' expectations of $5.23 a share. \n</p>\n<p>\n  It posted a quarterly revenue of $1.5 billion, up 5.4% from last year. Analysts expected $1.45 billion. \n</p>\n<p>\n  For 2025, the company said it expects earnings per share between $21.10 to $21.50, compared with $17.21 for fiscal 2024. \n</p>\n<p>\n  Teledyne said it closed on its acquisition of Micropac at the beginning of 2025 and will deploy about $770 million on acquisitions during the first quarter of the year. \n</p>\n<p>\n  The company expects its commercial and defense markets are well-positioned to grow, Executive Chairman Robert Mehrabian said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2025 18:18 ET (23:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Teledyne Shares Climb on Record 4Q Revenue, Acquisition Plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTeledyne Shares Climb on Record 4Q Revenue, Acquisition Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-23 07:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Katherine Hamilton \n\n\n \n\n\n  Shares for Teledyne Technologies hit an all-time high after the company beat Wall Street expectations for fourth-quarter sales and said it expects to deploy $770 million...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TDY","symbol_name":"Teledyne Technologies Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505835560","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505835560","pubTimestamp":1737587880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares for Teledyne Technologies hit an all-time high after the company beat Wall Street expectations for fourth-quarter sales and said it expects to deploy $770 million on acquisitions in the quarter ahead.The stock closed at $511.67, up 6.5%, in Wednesday trading after touching a new high of $515.99 intraday. Shares are up 22% over the past 12 months, and have risen for seven consecutive days. Today's gain marked Teledyne's largest percent increase since November 2020, when it rose 8%.The Thousand Oaks, Calif., maker of infrared cameras and other high-tech industrial and aerospace supplies reported a fourth-quarter profit of $198.5 million, or $4.20 a share, compared with $323.1 million, or $6.75 a share in the year-ago quarter.Adjusted for one-time items, the company reported earnings of $5.52 a share, beating analysts' expectations of $5.23 a share.It posted a quarterly revenue of $1.5 billion, up 5.4% from last year. Analysts expected $1.45 billion.Teledyne said it closed on its a","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TDY":"Teledyne Technologies Inc"},"translate_title":"Teledyne股价因创纪录的第四季度收入和收购计划而攀升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TDY":1},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Shares for Teledyne Technologies hit an all-time high after the company beat Wall Street expectations for fourth-quarter sales and said it expects to deploy $770 million on acquisitions in the quarter ahead. \n\n\n  The stock closed at $511.67, up 6.5%, in Wednesday trading after touching a new high of $515.99 intraday. Shares are up 22% over the past 12 months, and have risen for seven consecutive days. Today's gain marked Teledyne's largest percent increase since November 2020, when it rose 8%. \n\n\n  The Thousand Oaks, Calif., maker of infrared cameras and other high-tech industrial and aerospace supplies reported a fourth-quarter profit of $198.5 million, or $4.20 a share, compared with $323.1 million, or $6.75 a share in the year-ago quarter. \n\n\n  Adjusted for one-time items, the company reported earnings of $5.52 a share, beating analysts' expectations of $5.23 a share. \n\n\n  It posted a quarterly revenue of $1.5 billion, up 5.4% from last year. Analysts expected $1.45 billion. \n\n\n  For 2025, the company said it expects earnings per share between $21.10 to $21.50, compared with $17.21 for fiscal 2024. \n\n\n  Teledyne said it closed on its acquisition of Micropac at the beginning of 2025 and will deploy about $770 million on acquisitions during the first quarter of the year. \n\n\n  The company expects its commercial and defense markets are well-positioned to grow, Executive Chairman Robert Mehrabian said. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 22, 2025 18:18 ET (23:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505835560"}