Teledyne Micropac, Inc (TDY)

Sector: Technology|Industry: Scientific & Technical Instruments|Market Cap: $21.42B|Employees: 14.9K


Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets that require advanced technology and high reliability. Their core business model revolves around providing digital imaging sensors, cameras, and systems within the visible, infrared, and X-ray spectra, as well as monitoring and control instrumentation. Teledyne differentiates itself through a customer-sponsored applied research center, allowing them to maintain leadership in their key markets, including aerospace and defense, factory automation, and medical imaging. The company has a global presence with operations in North America, Europe, and Asia.

  1. Filings

Filing Highlights

Financial Performance

The 10-K filing reports net sales of $5.67 billion for 2024, compared to $5.635 billion in 2023, representing a modest increase. This growth was supported by incremental sales from acquisitions, but offset by declines in some segments.

The filing indicates net income attributable to Teledyne decreased from $885.7 million in 2023 to $819.2 million in 2024. This decline is attributed to factors including a non-cash trademark impairment and changes in segment performance.

Operating income decreased from $1,034.4 million in 2023 to $989.1 million in 2024. This was driven by the impairment of acquired intangible assets and lower performance in the Digital Imaging segment.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG Initiatives

Market Environment