Technology
Scientific & Technical Instruments
$21.42B
14.9K
Key insights and themes extracted from this filing
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.