Teledyne Technologies Inc (TDY)

Teledyne FLIR Defense Launches Black Recon™ Autonomous Micro-DroneJune 15, 2026 12:05 AM
Business Wire Autonomous launch, recovery, and recharge from military vehicles and fixed installations;
Three-drone rotation provides persistent surveillance and real-time targeting data in contested environments Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY), today announced at Eurosatory the market launch of Black Recon™, an autonomously launched micro-drone system that delivers continuous, untethered reconnaissance from military vehicles and fixed installations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260614388428/en/Teledyne FLIR Defense announced at Eurosatory the market launch of Black Recon™, an autonomously launched micro-drone that delivers continuous, untethered reconnaissance from military vehicles and fixed installations. Black Recon allows crews to launch, operate, recover, and recharge up to three UAS without leaving their platform, reducing operator risk. Designed for vehicle integration, Black Recon allows crews to launch, operate, recover, and recharge up to three unmanned aerial systems without leaving their platform, reducing risk and accelerating decision-making. “Black Recon represents a major step forward in integrated reconnaissance for ground forces,” said Dr. JihFen Lei, President of Teledyne Defense and Aerospace Group and Senior Vice President of Teledyne Technologies. “By bringing autonomous launch, recovery, and recharging directly to the vehicle, we give operators persistent situational awareness, faster access to actionable intelligence, and greater protection in high-tempo missions.” Key system capabilities include: Autonomous launch, recovery, and recharge from the safety of the platform Three-UAV rotation for near-continuous overwatch Thermal and visible payloads for real-time imagery and targeting data Global Navigation Satellite System (GNSS)-denied operation enabled by advanced sensors and visual navigation Radio-silent missions using Visual Inertial Navigation, without reliance on RF links Extended range and radio coverage through onboard relay capability Compatible operation with Black Hornet 4 nano-drone Optional 100-gram mission modules for future lethality, sensor, and CBRN payloads A Fully Integrated, Autonomous Reconnaissance Capability
Black Recon is a compact, hardened system for vehicles or fixed installations that deploys up to three micro-UAVs in rotation for persistent surveillance. Each UAV launches autonomously, performs reconnaissance, surveillance, and target acquisition (RSTA) missions, then returns to the launcher for capture, docking, and recharging. The result is uninterrupted ISR coverage day or night while keeping personnel protected inside the platform. Designed for ‘Dynamic Reusability’ in High-Tempo Operations
Unlike legacy drones adapted for dismounted use, Black Recon is engineered for mounted platforms, enabling immediate ISR deployment without external aviation support. With 50- to 60-minute flight times and speeds up to 25 m/s per UAV, Black Recon extends surveillance beyond traditional engagement ranges, supporting continuous target tracking, rapid threat detection, and shortening the decision cycle across all mission profiles. Low SWaP, High Performance
Weighing less than 450 grams, each Black Recon UAV combines low size, weight, and power with advanced sensing derived from Teledyne FLIR Defense’s proven nano-UAS portfolio. Autonomous navigation allows missions to continue in GPS-jammed or spoofed environments. Expanding Beyond the Battlefield
Originally developed for military use, Black Recon’s flexible architecture also supports public safety and security applications, including: Remote first responder deployments for law enforcement Border and perimeter security Critical infrastructure monitoring Maritime and riverine patrols Its rugged, network-enabled design supports both fixed and mobile deployment, providing rapid situational awareness in remote and hard-to-reach environments. Future-Ready, Modular by Design
Black Recon’s open mission-module architecture is built to evolve with operational requirements. Planned future modules include lethality payloads and CBRN detection sensors, expanding the system from persistent reconnaissance to hazard detection and active engagement. Black Recon is available for order now, with deliveries expected to begin in 2027. Visit Teledyne FLIR Defense at Eurosatory, Hall 5A, Stand A129, to see the Black Recon in person or learn more online. About Teledyne FLIR Defense Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir_defense. About Teledyne Technologies Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260614388428/en/ Media Contacts:
Joe Ailinger, Jr.
Teledyne Defense & Aerospace
Email: joe.ailinger@teledyne.com Tabitha Blankenbiller
Teledyne Defense & Aerospace
Email: Tabitha.blankenbiller@teledyne.com Original: Teledyne FLIR Defense Launches Black Recon™ Autonomous Micro-Drone

Teledyne FLIR OEM Launches Boson SX8, the First NDAA-Compliant 8 µm SXGA LWIR Thermal Camera ModuleJune 8, 2026 11:00 AM
Business WireThe 1280 × 1024 Boson SX8 and Boson SX8-CZ 15–75 deliver optimized size, weight, and power with high-performance thermal imagingTeledyne FLIR OEM, a business unit of Teledyne Technologies Incorporated, announced the release of the ITAR-free Boson® SX8, the first NDAA-compliant, volume production, uncooled longwave infrared (LWIR) thermal camera module to combine an 8-micron pixel pitch with SXGA (1280 × 1024) resolution. The state-of-the-art 8-micron pixel enables industry-best thermal performance and four times the resolution of today’s high-volume, uncooled VGA (640 × 512) thermal camera modules, all within a similarly sized compact package.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260608942461/en/Teledyne FLIR OEM’s groundbreaking Boson® SX8 delivers superior thermal detection and extended range across uncrewed, defense, industrial, and AI-enabled applications.Designed for high-performance and optimized for size, weight, and power (SWaP) constrained defense and industrial applications, the Boson SX8 family enables integrators and operators to see more, see farther, and deploy high-performance thermal imaging at production scale.Critical for uncrewed aircraft systems (UAS), counter-UAS, perimeter security, handheld devices, seekers, visual augmentation, and intelligence, surveillance, and reconnaissance (ISR) systems, the Boson SX8 family delivers performance previously available only in heavier, larger, and more power-hungry cooled, midwave infrared (MWIR) thermal imaging systems.“By reducing pixel area by 55% compared to the standard 12-micron LWIR pixel format, Boson SX8 represents a transformational moment for thermal imaging,” said Paul Clayton, President, Teledyne FLIR OEM. “By pairing this advanced 8-micron pixel architecture with SXGA thermal resolution at full-rate production, we’re giving customers greater situational awareness and longer effective range without compromising SWaP or supply-chain confidence.”In addition to multiple fixed-lens options, the new Boson SX8-CZ 15–75 features a factory-integrated 5x continuous-zoom (CZ) lens to further extend range performance. This option pairs the camera module with a 15–75 mm continuous-zoom lens, engineered and calibrated as a single system. The integration provides optimized optical performance with focus-through-zoom, thermal gradient compensation, factory alignment, and a single-source warranty, reducing integration risk while accelerating time to market.Engineering Breakthrough, Delivered at Production-ScaleThe Boson SX8 and Boson SX8-CZ 15–75 are manufactured at high volume in the United States by the world’s leading supplier of OEM thermal camera modules. Designed for production deployment, the Boson SX8 family offers OEMs a low-risk path from development through full-rate manufacturing, including integration with Teledyne FLIR OEM’s Prism™ intelligent embedded software products.Teledyne FLIR OEM will demonstrate the Boson SX8 product family at Eurosatory 2026 at the Teledyne FLIR booth in Paris, where attendees can experience the latest advances in high-definition, SWaP-optimized thermal imaging. For more information, visit oem.flir.com/bosonsx8.About Teledyne FLIR OEMTeledyne FLIR OEM, part of Teledyne Technologies Incorporated (NYSE:TDY), is the world's largest volume manufacturer of ITAR-free and NDAA-compliant infrared (IR) sensor and camera modules. As a vertically integrated supplier, Teledyne FLIR OEM delivers thousands of thermal imaging modules and related software tools daily for defense, automotive, uncrewed, professional, and artificial intelligence applications designed to improve decision support and situational awareness. Teledyne FLIR OEM enables life-changing thermal sensing so the world can do and see more. For more information, please visit oem.flir.com/ or follow @flir.ABOUT TELEDYNE TECHNOLOGIESTeledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit teledyne.comView source version on businesswire.com: https://www.businesswire.com/news/home/20260608942461/en/Media Contact
Keith Metz-Porozni
KGMP Strategies for Teledyne FLIR OEM
keith@kgmp-strategies.com Original: Teledyne FLIR OEM Launches Boson SX8, the First NDAA-Compliant 8 µm SXGA LWIR Thermal Camera Module

Teledyne FLIR Defense Awarded $11.2 Million U.S. Army Contract for Advanced CBRN Sensor Drone KitsJune 4, 2026 7:05 AM
Business Wire New autonomous SkyRaider®-based systems strengthen battlefield protection by mapping chemical, biological, radiological, and nuclear threats without exposing soldiers to harm Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne FLIR Defense, a global leader in intelligent sensing and unmanned systems, has won an $11.2 million contract from the U.S. Army’s Capability Program Executive for Chemical, Biological, Radiological and Nuclear Defense (CPE CBRND) to deliver more than 45 advanced CBRN unmanned aerial system (UAS) kits. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604954474/en/Teledyne FLIR Defense has won an $11.2 million contract from the U.S. Army’s Capability Program Executive for Chemical, Biological, Radiological and Nuclear Defense (CPE CBRND) to deliver more than 45 advanced CBRN unmanned aerial system kits. The autonomous SkyRaider®-based systems will strengthen battlefield protection by mapping chemical, biological, radiological, and nuclear threats without exposing soldiers to harm. The kits were developed under the Army’s Chemical, Biological, Radiological, and Nuclear Sensor Integration on Robotic Platforms (CSIRP) program. CSIRP focuses on rapidly prototyping and fielding modular sensor solutions that enhance drones and unmanned ground vehicles through advanced sensing, AI, machine learning, autonomy, and communications technologies. At the heart of the award is the integration of Teledyne FLIR’s R80D SkyRaider® UAS with a suite of modular CBRN detection payloads and resilient communications technologies. For these kits, the R80D SkyRaider drone is specially configured with semi-autonomous CBRN search and survey capabilities developed under the CSIRP program. Thus equipped, SkyRaider enables dismounted frontline units to rapidly assess contaminated environments while keeping soldiers out of harm’s way. Using the detection payloads mounted on the drone, operators can view real-time hazard data through mapping, targeting, and communications tools. Once deployed, the SkyRaider can autonomously locate and characterize CBRN threats. “Safe-guarding soldiers from weapons of mass destruction is at the core of our mission,” said Dr. JihFen Lei, President of Teledyne Defense and Aerospace Group and Senior Vice Present of Teledyne Technologies. “These SkyRaider-based sensor kits dramatically improve how units can detect and map CBRN hazards without exposing warfighters to dangerous environments. “This award also builds on our continued work as lead integrator for the Army’s NBCRV Sensor Suite Upgrade program, where we’re delivering next-generation sensing and autonomy solutions that give U.S. and allied forces a decisive edge,” Dr. Lei added. Each kit includes the R80D SkyRaider drone carrying a selection of chemical, biological and radiological detection payloads – including the Teledyne FLIR MUVE™ B330 biological sensor – and featuring autonomous operation. The sensor kits are being built at Teledyne FLIR Defense facilities in Elkridge, Md. and West Lafayette, Ind., with additional engineering performed in Stillwater, Okla. Deliveries are expected to begin in the second quarter of 2026. For more on Teledyne FLIR Defense’s integrated CBRN detection solutions, visit us online. About Teledyne FLIR Defense Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir and @flir_defense. About Teledyne Technologies Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com. The opinions and assertions expressed herein are those of the company and do not reflect the official policy or position of the CPE CBRND, U.S. Army, or the Department of War (DoW). References to non-Federal entities or products do not constitute or imply a DoW, Army, or CPE CBRND endorsement. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604954474/en/ Media Contact:
Joe Ailinger, Jr.
Teledyne Defense and Aerospace
Email: joe.ailinger@teledyne.com Original: Teledyne FLIR Defense Awarded $11.2 Million U.S. Army Contract for Advanced CBRN Sensor Drone Kits

Teledyne Gas and Flame Detection Helps Maritime Operators Address New IMO Safety RecommendationsJune 1, 2026 3:45 AM
Business Wire Teledyne Gas and Flame Detection (Teledyne GFD), part of Teledyne Technologies Incorporated (NYSE:TDY), is responding to updated International Maritime Organization (IMO) recommendations for entering enclosed spaces aboard ships with gas detection solutions that help operators strengthen atmospheric monitoring and address evolving safety expectations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601441845/en/Teledyne Gas and Flame Detection's Maritime Safety Monitoring IMO Resolution MSC.581(110) broadens recommended gas testing protocols to include carbon dioxide alongside other key atmospheric hazards. Growing demand for these solutions has contributed to multiple related awards year-to-date, reflecting increased focus across the maritime sector on safety readiness and compliance. “The IMO’s revised recommendations represent an important advancement for maritime safety,” said Thibault Fourlegnie, Vice President and General Manager, Teledyne GFD. “We provide practical gas detection solutions that help customers improve enclosed-space safety and meet evolving compliance expectations.” Manufactured at Teledyne GFD’s facility in Renfrew, Scotland, the company’s gas detection solutions draw upon more than 75 years of engineering and manufacturing expertise in industrial safety technologies. Investment at the plant is ongoing in line with growing global demand. About Teledyne Gas and Flame Detection Teledyne GFD equips ship operators, partners, and stakeholders with technologies that help protect personnel, strengthen compliance, and promote safer working practices across the industry. With marine-approved gas detection solutions manufactured in Renfrew, Scotland, the company helps customers address evolving enclosed-space safety expectations. For more information, visit Teledyne Gas and Flame Detection. About Teledyne Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne's website at teledyne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601441845/en/ Media Contact:
Nathalie Dewisme
Senior Global Marketing & Communication Manager
Teledyne Gas and Flame Detection
nathalie.dewisme@teledyne.com Original: Teledyne Gas and Flame Detection Helps Maritime Operators Address New IMO Safety Recommendations

Teledyne Space Imaging Sensors Launch Aboard European Space Agency’s SMILE MissionMay 19, 2026 10:43 AM
Business Wire Advanced sensors will capture soft X-ray emissions generated as solar wind particles interact with Earth’s magnetic field Teledyne Space Imaging, a leading supplier of space-qualified imaging sensors, focal plane arrays and integrated camera systems, announced it supplied two CCD370 imaging sensors for the Soft X-ray Imager on the European Space Agency’s SMILE mission (Solar wind Magnetosphere Ionosphere Link Explorer). SMILE successfully launched at 04:52 BST from Europe’s Spaceport in French Guiana. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519433626/en/ SMILE is a scientific collaboration designed to advance understanding of space weather and the interaction between the Sun and Earth. SMILE will use four science instruments to study how Earth responds to solar wind, improving our understanding of solar storms, geomagnetic storms, and the wider science of space weather. At the heart of the mission’s Soft X-ray Imager are two CCD370 imaging sensors from Teledyne Space Imaging, which will capture soft X-ray emissions generated as solar wind particles interact with Earth’s magnetic field. The sensors will observe photons with energies from 0.2 to 2.0 keV, enabling scientists to study the boundary regions where the solar wind meets Earth’s magnetosphere and gain new insights into the processes shaping our planet’s space environment. “SMILE will provide scientists with a new perspective on the complex interaction between the Sun and Earth,” said David Morris, Chief Engineer at Teledyne Space Imaging. “Our CCD technology is enabling this mission to be the first to image Earth’s magnetosphere using X-ray light, helping scientists better understand the mechanisms behind space weather.” “We are proud to play a pivotal role in this mission,” added Daniel Waller, Vice President and General Manager of Teledyne Space Imaging. “Understanding space weather helps protect our planet, the technology we rely on, and our astronauts in space. We have a long heritage of supporting major international space missions, including SMILE.” All design, manufacturing, test and qualification of the CCD detectors were carried out at Teledyne Space Imaging’s facility in Chelmsford, England. The SMILE payload module, launch vehicle and SXI instrument are developed and procured by the European Space Agency. The view expressed herein can in no way be taken to reflect the official opinion of the European Space Agency. SMILE is a joint European–Chinese mission. More information can be found here: https://www.esa.int/Science_Exploration/Space_Science/Smile/Smile_factsheet2. About Teledyne Space Imaging Teledyne Space Imaging of Teledyne Technologies Incorporated (NYSE: TDY) has a distinguished legacy in developing space-qualified imaging sensors, focal plane arrays, and integrated camera systems for leading space agencies and observatories including NASA, ESA, JAXA, and KASA. Its heritage spans more than 250 space projects, along with a wide range of commercial space applications. Teledyne Space Imaging designs, tests and manufactures a range of CCD, CMOS, and IR detectors with optical filters and package options to meet every performance requirement. About Teledyne Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519433626/en/ Karyn Barnes
Director of Business Development, Strategic Marketing & Communications - Space Imaging Press Office
Email: teledyne-e2v@singletonpr.com
Phone: +44 7739 461061 Original: Teledyne Space Imaging Sensors Launch Aboard European Space Agency’s SMILE Mission

Teledyne FLIR Defense Unveils New FirstLook 125 Throwable Recon RobotMay 19, 2026 6:45 AM
Business Wire Advancements include common controller with Black Hornet® 4 nano-drone, enabling combined unmanned ground-air operations Rugged UGV serves as operators’ first line of remote engagement, built for the toughest real-world environments Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced today at SOF Week the official launch of its new FirstLook® 125 throwable personal reconnaissance robot. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519834388/en/Teledyne FLIR Defense announced at SOF Week the launch of its new FirstLook® 125 throwable robot. The rugged UGV serves as operators’ first line of remote engagement, built for the toughest real-world environments. Advancements include a common controller with Black Hornet® 4 nano-drone, enabling combined unmanned ground-air operations. The FirstLook 125 unmanned ground system delivers real-time visual, thermal, and audio situational awareness across complex terrain, lowering force risk and enabling faster decision-making. Purpose-built for coordinated ground-air missions, FirstLook 125 shares a common controller and operational architecture with Teledyne FLIR Defense’s Black Hornet® 4 nano-drone. This enables a single user to deploy and manage both systems without changing tools or workflows. The commonality extends FirstLook beyond ground-only reconnaissance, allowing users to combine interior and exterior ISR, quickly transition between platforms, and maintain continuous situational awareness across domains. The result is an integrated ‘first-in’ capability that delivers greater flexibility and mission utility at the squad and fire-team level. “As the need for interoperability with unmanned operations grows, FirstLook 125 can support missions demanding both ground and airborne intelligence, thanks to its common controller,” said Tung Ng, Vice President of Unmanned Systems North America at Teledyne FLIR Defense. “And ruggedness isn’t even a question. Through repeated throws, hard drops – plus its agility in confined spaces – FirstLook 125 is engineered for reliability when conditions are toughest. “Along with our FirstLook 110 robot, the FirstLook family continues to give operators eyes, ears – and confidence – before putting personnel in harm’s way,” Ng added. FirstLook 125’s advanced tracked mobility is optimized for stairwells, rubble, and uneven ground, producing stable, reliable movement in the most challenging environments. Its lightweight 5.7lb (2.6kg) design can sustain 16ft (5m) drops and self-rights instantly, remaining mission-ready after any throw or tumble. Using rugged, articulated flippers, FirstLook 125 pushes through debris, climbs obstacles, and maneuvers inside confined spaces while bringing an enhanced EO/IR camera suite, integrated illumination, and two-way audio to low-light, GPS-denied, and cluttered operational conditions. Other FirstLook 125 features include: Lightweight, Man-Portable Design: Purpose-built for single operator carry, enabling rapid deployment and sustained dismounted operations without degrading memory or endurance. Throwable and Droppable with Rapid Mission Readiness: Engineered for hand deployment through windows, doorways, and confined spaces, allowing immediate emplacement without compromising sensing, mobility, or system survivability. Integrated Day/Night ISR with Secure, Real Time Link: Visible and infrared imaging provide continuous situational awareness that is paired with encrypted, low-latency video and control links for immediate operator decision-making. Visit Teledyne FLIR Defense at SOF Week, Booth 1320, to see the new FirstLook 125. Or visit us online to learn more about Teledyne FLIR’s full range of unmanned ground solutions, from the 20-pound SUGV™ 325 to the 500-pound Kobra™. About Teledyne FLIR Defense Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir_defense. About Teledyne Technologies Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519834388/en/ Media Contacts:
Joe Ailinger, Jr.
Teledyne Defense & Aerospace
Email: joe.ailinger@teledyne.com Tabitha Blankenbiller
Teledyne Defense & Aerospace
Email: Tabitha.blankenbiller@teledyne.com Original: Teledyne FLIR Defense Unveils New FirstLook 125 Throwable Recon Robot

Teledyne Introduces Kaleido SWIR Hyperspectral Camera for High-Speed Industrial InspectionMay 15, 2026 3:00 AM
Business Wire Teledyne DALSA, a global leader in machine vision, today announced Kaleido™, a groundbreaking short-wave infrared (SWIR) hyperspectral camera. Engineered to overcome the integration and performance barriers of industrial sorting, Kaleido targets critical applications in recycling, food safety, pharmaceuticals, and waste management. By significantly advancing material discrimination and increasing throughput, Kaleido redefines the cost-to-performance ratio for hyperspectral inspection. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515433727/en/Teledyne’s Kaleido SWIR Hyperspectral Camera Fully designed and vertically manufactured by Teledyne and encompassing the sensor, spectrograph, and interface, Kaleido delivers up to 1,280 pixel spatial resolution with line rates exceeding 2.3 kHz. This high-speed capability allows for the inspection of higher volumes in less time without sacrificing spectral precision. “Kaleido is an example of how we leverage the collective power of Teledyne’s global technologies and capabilities. It combines deep sensor physics, advanced optical design, and world-class system engineering to reduce the complexity and cost of hyperspectral deployment,” said Sadiq Panjwani, Senior Executive Vice President and General Manager of the Machine Vision Cameras Group. “Kaleido is a scalable solution that improves global outcomes by ensuring food safety, driving cleaner manufacturing, and enabling more responsible resource management. This is the future of industrial intelligence.” Kaleido simplifies the user experience with built-in spectral band selection and spectrograph-based aberration correction, ensuring consistent calibration across units throughout the full operating temperature range. These innovations reduce system complexity and accelerate time-to-market for machine builders. Additionally, Teledyne has integrated proven features from its award-winning line scan families, such as metadata tagging and multiple regions of interest (ROI), ensuring that only the most relevant data is delivered to the processing engine for maximum efficiency. The camera utilizes a 10 GigE interface fully compliant with GigE Vision® and GenICam® standards. Optimized for high responsivity, the Kaleido sensor maintains strong signal integrity even in low-light conditions, allowing for the effective use of modern, energy-efficient SWIR LED lighting. With flexible lens options and a robust global partner network, Kaleido is built for rapid scaling. Kaleido will be showcased at the Conference for Hyperspectral Imaging in Industry 2026, from May 20 to May 21 in Graz-Gösting, Austria. Visit the Teledyne stand or contact us online for more information. About Teledyne Vision Solutions Teledyne Vision Solutions offers the world’s most comprehensive, vertically integrated portfolio of industrial and scientific imaging technology. Aligned under one umbrella, Teledyne DALSA, e2v CMOS image sensors, FLIR IIS, Lumenera, Photometrics, Princeton Instruments, Judson Technologies, Acton Optics, and Adimec form an unrivaled collective of expertise across the spectrum with decades of experience and best-in-class solutions. Together, they combine and leverage each other’s strengths to provide the deepest, widest sensing and related technology portfolio in the world. Teledyne offers worldwide customer support and the technical expertise to handle the toughest tasks. Their tools, technologies, and vision solutions are built to deliver to their customers a unique and competitive advantage. About Teledyne Teledyne (NYSE:TDY) is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515433727/en/ Media Contact:
Jessica.Broom@teledyne.com Original: Teledyne Introduces Kaleido SWIR Hyperspectral Camera for High-Speed Industrial Inspection

U.S. Army Selects Teledyne FLIR Defense Rogue 1 Loitering Munition System for LASSO ProgramMay 13, 2026 7:01 AM
Business Wire Rogue™ 1 drone platform will enable Brigade Combat Teams to deliver precision strikes against tanks and other armored vehicles Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced that its Rogue™ 1 loitering munition system has been selected by the U.S. Army for its Low Altitude Stalking and Strike Ordnance (LASSO) program. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513911725/en/Teledyne FLIR Defense announced that its Rogue™ 1 loitering munition system has been selected by the U.S. Army for its Low Altitude Stalking and Strike Ordnance (LASSO) program. Teledyne FLIR will deliver a variant of its Rogue 1 lethal UAS for LASSO. The advanced drone platform will enable Army Brigade Combat Teams to deliver precision strikes against tanks and other armored vehicles. Teledyne FLIR will deliver a variant of its Rogue 1 lethal UAS for LASSO. Launched in spring 2024, the U.S.-designed and built Rogue 1 already has been delivered to both U.S. Special Operations Command (Ground Organic Precision Strike Systems) and the U.S. Marine Corps (Organic Precision Fires-Light) for their current loitering munition programs. As described in Army solicitation statements, the LASSO system is a man-portable, ground launched, lethal payload munition and uncrewed aerial system (UAS) with anti-armor capability for use by Infantry Brigade Combat Teams. LASSO is designed to deliver long-range precision strike fire with minimal collateral damage in complex environments. “The precision and autonomy of the Rogue 1 platform make it ideally suited to achieve the Army’s goals for LASSO,” said Dr. JihFen Lei, President of Teledyne FLIR Defense and Senior Vice President of Teledyne’s Defense and Aerospace Group. “Rogue 1 leverages our expertise delivering battle-proven UAS technology, including the widely deployed Black Hornet® nano-drone, which we believe can be used with Rogue 1 in an unrivaled ‘hunter-killer’ combination. “We’ll continue to work closely with the Army to help combat teams improve their mobility and lethality and achieve tactical overmatch against our adversaries,” Lei added. Rogue 1 is a next-generation, optionally recoverable vertical takeoff and landing (VTOL) UAS that enables warfighters to conduct precision strikes against moving and stationary armored targets, soft-skinned vehicles, and dismounted threats. The Rogue 1 system is light enough to be carried by a single Soldier in a single tube and does not require vehicle transport, nor a launcher, key features for Infantry forces. Other features include advanced electro-optical and FLIR Boson® 640+ thermal cameras to deliver day/night long-range reconnaissance and surveillance. A novel coupling between sensors and warhead in its gimballed payload enables extremely precise targeting. With a greater than 30-minute flight time, burst speeds of more than 70 mph (113 kph), and range in excess of 12 miles (20 km), Rogue 1 was designed for today’s harsh battlefield conditions, including communication- and GPS-denied environments. Teledyne FLIR will deliver up to 130 Rogue 1 components/systems to the Army for test and evaluation next summer. The contract has a two-year performance period. Visit us online to learn more about the wide range of FLIR Defense unmanned aerial systems and advanced payload options. About Teledyne FLIR Defense Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir and @flir_defense. About Teledyne Technologies Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513911725/en/ Media Contact:
Joe Ailinger, Jr.
Teledyne FLIR Defense
joe.ailinger@teledyne.com Original: U.S. Army Selects Teledyne FLIR Defense Rogue 1 Loitering Munition System for LASSO Program

Teledyne Unifies ChartWorld and Raymarine Commercial Under a Single Global Commercial Navigation BrandApril 30, 2026 4:00 AM
Business Wire
Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) today announced the unification of ChartWorld and Raymarine Commercial under a single commercial navigation brand, Raymarine Commercial. As part of the unification, ChartWorld’s commercial navigation solutions and services will transition fully into the Raymarine Commercial brand, further strengthening Teledyne’s position as a global leader in maritime navigation solutions and demonstrating the successful integration of acquired businesses into its core operations.


The combination brings ChartWorld’s established digital navigation, ECDIS, and managed service capabilities fully into the Raymarine Commercial brand, creating a more cohesive, scalable, and customer-focused organization for the international commercial shipping market.


“Bringing ChartWorld and Raymarine Commercial together under one unified brand is a clear example of how Teledyne integrates strategic acquisitions to strengthen our core business,” said Grégoire Outters, President of Teledyne Marine Group. “By aligning people, technology, and products within a single commercial navigation organization, we are better positioned to serve our customers as the maritime industry moves toward increasingly connected, data-driven, and regulated operating environments.”


ChartWorld, acquired by Teledyne in 2023, has earned a strong reputation within the commercial shipping sector for its digital navigation expertise, data services, and hardware-as-a-service ECDIS model. The integration into Raymarine Commercial builds on that foundation by combining ChartWorld’s software-led capabilities and worldwide service and support infrastructure with Raymarine’s technological expertise in marine hardware, including IMO-approved marine radar and ECDIS navigation systems.


Under the unified Raymarine Commercial brand, customers benefit from a more integrated navigation offering spanning ECDIS, radar, sensors, data services, and remote support – all backed by Teledyne’s global engineering resources and long-term commitment to the maritime market.


“Today’s announcement brings our teams and technologies together under one unified name. More importantly, it allows us to stand closer to our customers as a trusted partner – helping them navigate the challenges of an increasingly connected era of shipping,” said Stephan Dimke, General Manager of ChartWorld. “At a time when real-time insight, a solutions-oriented mindset, and global expertise matter more than ever, this step strengthens our ability to support them where it matters most: on board vessels at sea.”


The integration comes at a pivotal time for the maritime industry, as vessel operators prepare to adopt the new S-100 universal hydrographic data model for electronic navigation and embrace higher levels of vessel connectivity. By bringing technology, service, and expertise together within Raymarine Commercial, Teledyne aims to give customers a dependable navigation partner ready for the next generation of maritime operations.


About Teledyne Technologies


Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430142778/en/
Jason VanWees

(805) 373-4542


Original: Teledyne Unifies ChartWorld and Raymarine Commercial Under a Single Global Commercial Navigation Brand

Teledyne FLIR Defense Grows Third-Party Payload Integration Program, Adds Emesent Hovermap LiDAR for Unmanned Air, Ground, and Detection PlatformsApril 28, 2026 7:05 AM
Business Wire
Newly certified payload works across drones, robots, and radiation detection systems to speed deployment of GPS-denied mapping and fused CBRN visualizations


Unveiled at Modern Day Marine 2026, Teledyne FLIR Defense announced the expansion of its Third-Party Payload Integration Program with the certification of Emesent’s Hovermap LiDAR Payload. The agreement will deliver Emesent’s GPS-denied 3D-mapping capabilities across Teledyne FLIR’s unmanned aerial systems (UAS), ground robots, and radiation detection platforms.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428589843/en/Unveiled at Modern Day Marine 2026, Teledyne FLIR Defense announced the expansion of its Third-Party Payload Integration Program with the certification of Emesent’s Hovermap LiDAR Payload. The agreement will deliver Emesent’s GPS-denied 3D-mapping capabilities across Teledyne FLIR’s unmanned aerial systems (UAS), ground robots, and radiation detection platforms. Mounted on the company’s SUGV™ 325 ground robot, Hovermap provides users with persistent 3D awareness of complex enclosed environments streamed in real-time.
The Emesent–Teledyne FLIR combination addresses a GPS-denial gap in air and ground domains where unmanned systems can lose GPS connectivity in common operating areas, such as tunnels, urban structures, and CBRN-contaminated spaces. Using LiDAR-based Simultaneous Localization and Mapping (SLAM), Emesent’s Hovermap payload generates accurate 3D maps without GPS or external infrastructure.


On Teledyne FLIR’s SkyRanger® R70 and R80D SkyRaider® UAS platforms, Hovermap enables mapping even in GPS-denied environments. Mounted on the company’s SUGV™ 325 ground robot, Hovermap provides users with persistent 3D awareness of complex enclosed environments streamed in real-time. And integrated with Teledyne FLIR’s MUVE™ R430 radiation detection payload on the SUGV, Hovermap allows operators to see not just where a robot has been, but where radiation levels are elevated, giving CBRN teams an immediate, geo-referenced picture of the threat environment.


“Knowing the shape of a space is powerful. Knowing where the radiation is within that space, in real time, without putting a person in harm’s way, is an operational game-changer,” said Stefan Hrabar, co-founder and chief strategy officer at Emesent. “Our partnership with Teledyne FLIR Defense brings together GPS-denied mapping and radiation detection in a way that directly addresses what CBRN operators need in the field.”


“Teledyne FLIR builds platforms trusted for the most demanding CBRN missions in the world,” said Tung Ng, vice president of Unmanned Systems North America for Teledyne FLIR Defense. “Working with Emesent, we’ll be able to give operators a fused, spatial picture of the threat environment they simply haven’t had access to before."


“This is the direction the whole field is heading in, and we’re delivering it now through certified third-party payloads like Hovermap,” Ng added.


Emesent’s Hovermap represents the firm’s success in utilizing Teledyne FLIR Defense’s open-architecture, partner-enabled development ecosystem. Certified payloads are assessed for mechanical fit, electrical interface, software compatibility, and flight performance, giving customers confidence in mission-tailored capabilities from a growing partner ecosystem.


The partnership also establishes a technical foundation for future capability development. Both companies are actively developing autonomous navigation capabilities and expanding multi-sensor fusion beyond radiation to additional CBRN detection modalities.


The integrated systems will be on display at Teledyne FLIR Defense booth #1724 at Modern Day Marine 2026, April 28–30, at Marine Corps Base Quantico.


About Emesent


Emesent is an Australian-headquartered technology company with a U.S. office in Centennial, Colorado, and the maker of the Hovermap autonomous mapping platform. Hovermap uses LiDAR-based SLAM to deliver precise 3D mapping and autonomy in GPS-denied environments. With more than 1,000 systems deployed globally across defence, public safety, mining, and infrastructure sectors, Hovermap is a proven, field-ready platform trusted by military and government operators worldwide. For more information, visit www.emesent.com.


About Teledyne FLIR Defense


Teledyne FLIR Defense has been providing advanced, mission-critical technology and systems for more than 45 years. Our products are on the frontlines of the world’s most pressing military, security and public safety challenges. As a global leader in thermal imaging, we design and build sophisticated surveillance sensors for air, land and maritime use. We develop the most rugged, trusted unmanned air and ground platforms, as well as intelligent sensing devices used to detect chemicals, biological agents, radiation and explosives. At Teledyne FLIR Defense we bring together this expertise to deliver solutions that enable critical decisions and keep our world safe – from any threat, anywhere. To learn more, visit us online or follow @flir and @flir_defense.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428589843/en/
Media Contact:

Joe Ailinger, Jr.

Teledyne Defense & Aerospace

Email: joe.ailinger@teledyne.com


Original: Teledyne FLIR Defense Grows Third-Party Payload Integration Program, Adds Emesent Hovermap LiDAR for Unmanned Air, Ground, and Detection Platforms

Teledyne Technologies Reports First Quarter ResultsApril 22, 2026 6:55 AM
Business Wire
Teledyne Technologies Incorporated (NYSE:TDY)



Record first quarter sales, non-GAAP diluted earnings per share and operating margin



First quarter net sales of $1,560.1 million, an increase of 7.6% compared with last year



First quarter GAAP diluted earnings per share of $4.85



First quarter non-GAAP diluted earnings per share of $5.80, an increase of 17.2% compared with last year



First quarter cash from operations of $234.0 million and free cash flow of $204.3 million



Raising full year 2026 GAAP diluted earnings per share outlook to $20.08 to $20.44 compared with the prior outlook of $19.76 to $20.22, and raising full year 2026 non-GAAP earnings per share outlook to $23.85 to $24.15, compared with the prior outlook of $23.45 to $23.85



Acquired DD-Scientific



Quarter-end consolidated leverage ratio of 1.3x



Further reduction in gross debt with a $450 million debt maturity payment made after quarter-end



Teledyne today reported first quarter 2026 net sales of $1,560.1 million compared with net sales of $1,449.9 million for the first quarter of 2025, an increase of 7.6%. The first quarter of 2026 net sales included $33.3 million in incremental sales from recent acquisitions. Net income attributable to Teledyne was $226.8 million ($4.85 diluted earnings per share) for the first quarter of 2026 compared with $188.6 million ($3.99 diluted earnings per share) for the first quarter of 2025, an increase of 20.3%. The first quarter of 2026 included $57.6 million of pretax acquired intangible asset amortization expense, $0.2 million of pretax transaction and integration costs, and $0.5 million of income tax expense from FLIR acquisition-related tax matters. Excluding those items, non-GAAP net income attributable to Teledyne for the first quarter of 2026 was $271.4 million ($5.80 diluted earnings per share). The first quarter of 2025 included $52.0 million of pretax acquired intangible asset amortization expense, $6.8 million of pretax transaction and integration costs, and $0.6 million of pretax inventory step-up expense. Excluding those items, non-GAAP net income attributable to Teledyne for the first quarter of 2025 was $234.0 million ($4.95 diluted earnings per share). Operating margin was 18.9% for the first quarter of 2026 compared with 17.9% for the first quarter of 2025. Excluding the items discussed above, non-GAAP operating margin for the first quarter of 2026 was 22.6% compared with 22.0% for the first quarter of 2025.


“We started 2026 with record first quarter sales, non-GAAP earnings per share and operating margin with sales and non-GAAP earnings increasing 7.6% and 17.2%, respectively,” said Robert Mehrabian, Executive Chairman. “Organic growth was strongest in our Digital Imaging segment, where infrared detectors and systems for space, airborne, marine and land applications, as well as complete unmanned aerial systems contributed significantly. Furthermore, our industrial imaging and X-ray businesses each returned to year-over-year growth. Total operating margin increased despite greater research and development expense, and while we completed an acquisition and capital expenditures significantly increased, net leverage declined.”


Review of Operations


Comparisons are with the first quarter of 2025, unless noted otherwise.


Digital Imaging


The Digital Imaging segment’s first quarter 2026 net sales were $816.9 million compared with $757.0 million, an increase of 7.9%. Operating income was $141.7 million for the first quarter of 2026 compared with $122.3 million, an increase of 15.9%. Acquired intangible asset amortization expense for the first quarter of 2026 was $48.0 million compared with $45.4 million. Excluding those items, non-GAAP operating income for the first quarter of 2026 was $189.7 million compared with $167.7 million, an increase of 13.1%.


First quarter of 2026 net sales increased primarily due to higher sales of infrared imaging detectors, components and subsystems for both defense and commercial applications as well as higher surveillance and unmanned air systems for defense applications. The first quarter of 2026 included $8.0 million of incremental Digital Imaging sales from a recent acquisition. The increase in operating income primarily reflected higher net sales in the first quarter of 2026 partially offset by higher research and development expense.


Instrumentation


The Instrumentation segment’s first quarter 2026 net sales were $361.4 million compared with $343.3 million, an increase of 5.3%. Operating income was $88.4 million for the first quarter of 2026 compared with $92.7 million, a decrease of 4.6%. Acquired intangible asset amortization expense for the first quarter of 2026 was $3.5 million compared with $3.2 million. Excluding these items, non-GAAP operating income for the first quarter of 2026 was $91.9 million compared with $95.9 million, a decrease of 4.2%.


The first quarter of 2026 net sales increase resulted from a $13.5 million increase in sales of marine instrumentation primarily due to stronger offshore energy and defense markets, a $7.3 million increase in sales of environmental instrumentation primarily due to stronger sales of gas detection products, and a $2.7 million decrease in sales of electronic test and measurement instrumentation. The first quarter of 2026 included $5.0 million of incremental environmental instrumentation sales from a recent acquisition. The decrease in operating income primarily reflected the impact of higher sales offset by unfavorable product mix in the segment.


Aerospace and Defense Electronics


The Aerospace and Defense Electronics segment’s first quarter 2026 net sales were $277.5 million compared with $242.5 million, an increase of 14.4%. Operating income was $71.4 million for the first quarter of 2026 compared with $55.7 million, an increase of 28.2%. Acquired intangible asset amortization expense for the first quarter of 2026 was $6.1 million compared with $3.4 million. The first quarter of 2025 included $3.2 million of pretax transaction and integration costs with no comparable amount in the first quarter of 2026. Inventory step-up expense for the first quarter of 2025 was $0.6 million with no comparable amount in the first quarter of 2026. Excluding acquired intangible asset amortization expense, pretax transaction and integration costs, and inventory step-up expense, non-GAAP operating income for the first quarter of 2026 was $77.5 million compared with $62.9 million, an increase of 23.2%.


First quarter of 2026 net sales reflected higher sales of $36.1 million for defense electronics, partially offset by lower sales of $1.1 million for aerospace electronics. The first quarter of 2026 included $20.3 million incremental defense electronics sales from recent acquisitions. The increase in operating income primarily reflected the impact of higher sales as well as lower transaction and integration costs, partially offset by higher acquired intangible asset amortization expense.


Engineered Systems


The Engineered Systems segment’s first quarter 2026 net sales were $104.3 million compared with $107.1 million, a decrease of 2.6%. Operating income was $11.7 million for the first quarter of 2026 compared with $10.8 million, an increase of 8.3%.


First quarter of 2026 net sales reflected lower sales of $2.7 million for engineered products and lower sales of $0.1 million for energy systems. The increase in operating income was primarily driven by changes in program mix.


Additional Financial Information


Cash Flow


Cash provided by operating activities was $234.0 million for the first quarter of 2026 compared with $242.6 million, with the decrease driven by higher inventory purchases partially offset by favorable operating results in the first quarter of 2026 compared with 2025. Depreciation and amortization expense for the first quarter of 2026 was $87.2 million compared with $80.7 million. Stock-based compensation expense for the first quarter of 2026 was $5.6 million compared with $8.9 million.


Capital expenditures for the first quarter of 2026 were $29.7 million compared with $18.0 million. Teledyne received $28.9 million from the exercise of stock options in the first quarter of 2026 compared with $29.5 million.


As of March 29, 2026, net debt was $1,954.9 million, which is calculated as total debt of $2,476.3 million, net of cash and cash equivalents of $521.4 million. As of December 28, 2025, net debt was $2,123.0 million, representing total debt of $2,475.4 million, net of cash and cash equivalents of $352.4 million. Subsequent to the end of the quarter, the Company made a $450.0 million debt maturity payment primarily from cash on hand.


As of March 29, 2026, $1,165.8 million was available under the $1.20 billion credit facility after reductions of $34.2 million in outstanding letters of credit.




 






First Quarter








Free Cash Flow






 






2026






 






 






 






2025






 








Cash provided by operating activities






$






234.0






 






 






$






242.6






 








Capital expenditures for property, plant and equipment






 






(29.7






)






 






 






(18.0






)








Free cash flow






$






204.3






 






 






$






224.6






 







Income Taxes


The effective tax rate for the first quarter of 2026 was 18.6% compared with 21.0%. The first quarter of 2026 included net discrete income tax benefits of $8.0 million compared with $3.7 million, with the first quarter 2026 benefit primarily due to stock-based accounting.


Other


Corporate expense was $19.0 million for the first quarter of 2026 compared with $22.2 million, with the decrease related to lower transaction and integration costs. Non-service retirement benefit income was $2.7 million for the first quarter of 2026 compared with $2.8 million. Interest expense, net of interest income, was $12.3 million for the first quarter of 2026 compared with $17.3 million, with the decrease due to lower outstanding borrowings compared with the first quarter of 2025. Other income (expense), net, primarily consisted of foreign currency exchange losses in the first quarter of 2026 and 2025.


Outlook


Based on its current outlook, the company’s management believes that second quarter 2026 GAAP diluted earnings per share will be in the range of $4.75 to $4.90, and full year 2026 GAAP diluted earnings per share will be in the range of $20.08 to $20.44. The company’s management further believes that second quarter 2026 non-GAAP diluted earnings per share will be in the range of $5.70 to $5.80, and full year 2026 non-GAAP diluted earnings per share will be in the range of $23.85 to $24.15. The non-GAAP outlook excludes certain transaction and integration costs and acquired intangible asset amortization.


Use of Non-GAAP Financial Measures


We report our financial results in accordance with generally accepted accounting principles in the United States (“GAAP”). We supplement the reporting of our financial results determined under GAAP with certain non-GAAP financial measures. The non-GAAP financial measures provide management, financial analysts and investors with additional useful information for evaluating the company’s performance. The non-GAAP financial measures should be considered in addition to and not as substitutes for financial measures prepared in accordance with GAAP. Further details on reasons we use non-GAAP financial measures, a reconciliation of those measures to the most directly comparable GAAP measures and other information related to those measures are included after our GAAP financial statements.


Forward-Looking Statements Cautionary Notice


This earnings release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations, acquisitions and product synergies, integration costs, tax matters, and businesses of Teledyne in the future. Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances.


The forward-looking statements contained herein may include statements relating to sales, sales growth, orders, stock-based compensation expense, tax rates, tariffs, governmental and economic policies, anticipated capital expenditures, stock repurchases, product developments, and other strategic options. Forward-looking statements generally are accompanied by words such as “projects”, “intends”, “expects”, “anticipates”, “targets”, “estimates”, “will” and words of similar import that convey the uncertainty of future events or outcomes. All statements made in this communication that are not historical in nature should be considered forward-looking. By its nature, forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties because it relates to events and depends on circumstances that will occur in the future.


Actual results could differ materially from these forward-looking statements. Many factors could change anticipated results, including: the impact of the 2026 conflict between the United States and Iran, including among other things, higher energy costs and energy supply constraints, disruptions in shipping, supply shortages of critical materials, including aluminum, metals, chemicals and industrial helium supplies, disruptions to air travel, the risk of retaliation against U.S. targets by Iran or its proxies, and slower global growth, the impact of policies of the U.S. Presidential Administration, especially with respect to new and higher tariffs, cutbacks in the funding of government agencies and programs, and the scaling back of environmental and green energy policies; escalating economic and diplomatic tension between China and the United States, including a “trade war” resulting in higher tariffs and restrictions on sales of goods and services; reciprocal tariffs from other countries, especially from members of the European Union; U.S. Government shutdowns, which in the past have resulted in delays in anticipated contract awards, delayed payments of invoices and delays in the issuance of export and other licenses; the inability to develop and market new competitive products; changes in relevant tax and other laws; foreign currency exchange risks; rising interest rates; risks associated with indebtedness, as well as our ability to reduce indebtedness and the timing thereof; the impact of semiconductor and other supply chain shortages; higher inflation, including wage competition and higher shipping costs; labor shortages and competition for skilled personnel; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements and the providing of estimates of financial measures, in accordance with GAAP and related standards; disruptions in the global economy; global conflicts including the conflict in the Middle East as well as the ongoing conflict between Russia and Ukraine; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor and communications markets; funding, continuation and award of government programs; cuts to defense spending resulting from existing and future deficit reduction measures or changes to U.S. and foreign government spending and budget priorities triggered by inflation, and economic conditions; the imposition and expansion of, and responses to, trade sanctions and tariffs; threats to the security of our confidential and proprietary information, including cybersecurity threats; risks related to artificial intelligence; natural and man-made disasters; and our ability to achieve emission reduction targets and decrease our carbon footprint. Volatile oil and natural gas prices, as well as instability in the Middle East, Latin America or other oil producing regions, could negatively affect our businesses that supply the oil and gas industry. Weakness in the commercial aerospace industry negatively affects the markets of our commercial aviation businesses. Lower aircraft production rates at Boeing or Airbus could result in reduced sales of our commercial aerospace products. In addition, financial market fluctuations affect the value of the company’s pension assets. Changes in the policies of U.S. and foreign governments, including economic sanctions or in regard to support for the Ukraine or Middle East conflicts, could result, over time, in reductions or realignment in defense or other government spending and further changes in programs in which the company participates.


While the company’s growth strategy includes possible acquisitions, we cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions involve various inherent risks, such as, among others, our ability to integrate acquired businesses, retain key management and customers, and achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses internationally, including those arising from U.S. and foreign government policy changes or actions and exchange rate fluctuations.


Additional factors that could cause results to differ materially from those described above can be found in Teledyne’s Annual Report on Form 10-K for the year ended December 28, 2025, as well as subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are on file with the U.S. Securities and Exchange Commission (“SEC”) and available in the “Investors” section of Teledyne’s website, teledyne.com, under the heading “Investor Information” and in other documents Teledyne files with the SEC.


All forward-looking statements speak only as of the date they are made and are based on information available at that time. Teledyne assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.


A live webcast of Teledyne’s first quarter earnings conference call will be held at 11:00 a.m. (Eastern) on Wednesday, April 22, 2026. To access the call, go to www.teledyne.com/investors/events-and-presentations approximately 10 minutes before the scheduled start time. A replay will also be available for one month starting at 12:00 p.m. (Eastern) on Wednesday, April 22, 2026.




TELEDYNE TECHNOLOGIES INCORPORATED




CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)




FOR THE FIRST QUARTER ENDED




MARCH 29, 2026 AND MARCH 30, 2025




(Unaudited — in millions, except per share amounts)








 



 






First Quarter








 






 






2026






 






 






 






2025






 








Net sales






$






1,560.1






 






 






$






1,449.9






 








Costs and expenses:






 






 






 








Costs of sales






 






886.3






 






 






 






830.4






 








Selling, general and administrative






 






237.4






 






 






 






233.9






 








Research and development






 






84.6






 






 






 






74.3






 








Acquired intangible asset amortization






 






57.6






 






 






 






52.0






 








Total costs and expenses






 






1,265.9






 






 






 






1,190.6






 








Operating income (loss)






 






294.2






 






 






 






259.3






 








Interest and debt income (expense), net






 






(12.3






)






 






 






(17.3






)








Non-service retirement benefit income (expense), net






 






2.7






 






 






 






2.8






 








Other income (expense), net






 






(5.9






)






 






 






(5.9






)








Income (loss) before income taxes






 






278.7






 






 






 






238.9






 








Provision (benefit) for income taxes






 






51.9






 






 






 






50.1






 








Net income (loss) including noncontrolling interest






 






226.8






 






 






 






188.8






 








Less: Net income (loss) attributable to noncontrolling interest






 






—






 






 






 






0.2






 








Net income (loss) attributable to Teledyne






$






226.8






 






 






$






188.6






 








 






 






 






 








Diluted earnings per common share






$






4.85






 






 






$






3.99






 








 






 






 






 








Weighted average diluted common shares outstanding






 






46.8






 






 






 






47.3






 







These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.




TELEDYNE TECHNOLOGIES INCORPORATED




SUMMARY OF SEGMENT NET SALES AND OPERATING INCOME (LOSS)




FOR THE FIRST QUARTER ENDED




MARCH 29, 2026 AND MARCH 30, 2025




(Unaudited — $ in millions)










 



 






First Quarter






 






% Change








 






 






2026






 






 






 






2025






 






 








Net sales:






 






 






 






 






 








Digital Imaging






$






816.9






 






 






$






757.0






 






 






7.9






%








Instrumentation






 






361.4






 






 






 






343.3






 






 






5.3






%








Aerospace and Defense Electronics






 






277.5






 






 






 






242.5






 






 






14.4






%








Engineered Systems






 






104.3






 






 






 






107.1






 






 






(2.6






)%








Total net sales






$






1,560.1






 






 






$






1,449.9






 






 






7.6






%








Operating income (loss):






 






 






 






 






 








Digital Imaging






$






141.7






 






 






$






122.3






 






 






15.9






%








Instrumentation






 






88.4






 






 






 






92.7






 






 






(4.6






)%








Aerospace and Defense Electronics






 






71.4






 






 






 






55.7






 






 






28.2






%








Engineered Systems






 






11.7






 






 






 






10.8






 






 






8.3






%








Corporate expense






 






(19.0






)






 






 






(22.2






)






 






(14.4






)%








Operating income (loss)






 






294.2






 






 






 






259.3






 






 






13.5






%








Interest and debt income (expense), net






 






(12.3






)






 






 






(17.3






)






 






(28.9






)%








Non-service retirement benefit income (expense), net






 






2.7






 






 






 






2.8






 






 






(3.6






)%








Other income (expense), net






 






(5.9






)






 






 






(5.9






)






 






—






%








Income (loss) before income taxes






 






278.7






 






 






 






238.9






 






 






16.7






%








Provision (benefit) for income taxes






 






51.9






 






 






 






50.1






 






 






3.6






%








Net income (loss) including noncontrolling interest






 






226.8






 






 






 






188.8






 






 






20.1






%








Less: Net income (loss) attributable to noncontrolling interest






 






—






 






 






 






0.2






 






 






(100.0






)%








Net income (loss) attributable to Teledyne






$






226.8






 






 






$






188.6






 






 






20.3






%







These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.




TELEDYNE TECHNOLOGIES INCORPORATED




CONDENSED CONSOLIDATED BALANCE SHEETS




(in millions)










 



 






March 29, 2026






 






December 28, 2025








 






(Unaudited)






 






 








ASSETS






 






 






 








Cash and cash equivalents






$






521.4







 






$






352.4









Accounts receivable and unbilled receivables, net






 






1,388.2






 






 






 






1,367.0






 








Inventories, net






 






1,121.6






 






 






 






1,043.3






 








Prepaid expenses and other current assets






 






291.8






 






 






 






292.9






 








Total current assets






 






3,323.0






 






 






 






3,055.6






 








Property, plant and equipment, net






 






836.8






 






 






 






839.1






 








Goodwill and acquired intangible assets, net






 






10,735.1






 






 






 






10,787.7






 








Prepaid pension assets






 






290.8






 






 






 






286.2






 








Other assets, net






 






307.3






 






 






 






316.7






 








Total assets






$






15,493.0






 






 






$






15,285.3






 








LIABILITIES AND EQUITY






 






 






 








Accounts payable






$






541.4






 






 






$






486.6






 








Accrued liabilities






 






900.6






 






 






 






923.4






 








Current portion of long-term debt






 






450.1






 






 






 






450.1






 








Total current liabilities






 






1,892.1






 






 






 






1,860.1






 








Long-term debt, net of current portion






 






2,026.2






 






 






 






2,025.3






 








Other long-term liabilities






 






870.3






 






 






 






886.0






 








Total liabilities






 






4,788.6






 






 






 






4,771.4






 








Redeemable noncontrolling interest






 






—






 






 






 






—






 








Total stockholders’ equity






 






10,704.4






 






 






 






10,513.9






 








Total liabilities and equity






$






15,493.0






 






 






$






15,285.3






 







These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.




TELEDYNE TECHNOLOGIES INCORPORATED




CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS




FOR THE FIRST QUARTER ENDED MARCH 29, 2026 AND MARCH 30, 2025




(Unaudited — in millions)








 



 






First Quarter








 






 






2026






 






 






 






2025






 








Operating Activities






 






 






 








Net income (loss) including noncontrolling interest






$






226.8






 






 






$






188.8






 








Depreciation and amortization






 






87.2






 






 






 






80.7






 








Stock-based compensation






 






5.6






 






 






 






8.9






 








Changes in operating assets and liabilities and other operating activity






 






(85.6






)






 






 






(35.8






)








Net cash provided by (used in) operating activities






 






234.0






 






 






 






242.6






 








Investing Activities






 






 






 








Purchases of property, plant and equipment






 






(29.7






)






 






 






(18.0






)








Purchases of businesses, net of cash acquired






 






(53.4






)






 






 






(757.6






)








Other investing, net






 






—






 






 






 






0.6






 








Net cash provided by (used in) investing activities






 






(83.1






)






 






 






(775.0






)








Financing activities






 






 






 








Net proceeds from (repayments on) credit facility






 






—






 






 






 






315.0






 








Proceeds from (payments on) other debt






 






(0.2






)






 






 






—






 








Proceeds from exercise of stock options






 






28.9






 






 






 






29.5






 








Other financing, net






 






(10.3






)






 






 






(4.9






)








Net cash provided by (used in) financing activities






 






18.4






 






 






 






339.6






 








Effect of exchange rate changes on cash






 






(0.3






)






 






 






4.5






 








Changes in cash and cash equivalents






 






169.0






 






 






 






(188.3






)








Cash and cash equivalents—beginning of period






 






352.4






 






 






 






649.8






 








Cash and cash equivalents—end of period






$






521.4






 






 






$






461.5






 







These condensed consolidated financial statements were prepared in accordance with U.S. GAAP.




TELEDYNE TECHNOLOGIES INCORPORATED




RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES




FOR THE FIRST QUARTER ENDED




MARCH 29, 2026 AND MARCH 30, 2025




(Unaudited — $ in millions, except per share amounts)










 



 






First Quarter 2026






 






First Quarter 2025








 






Income




(Loss)




Before




Income




Taxes






 






Net Income




(Loss)




Attributable




to Teledyne






 






Diluted




Earnings




per




Common




Share






 






Income




(Loss)




Before




Income




Taxes






 






Net Income




(Loss)




Attributable




to Teledyne






 






Diluted




Earnings




per




Common




Share








GAAP






$






278.7







 






$






226.8







 






$






4.85







 






$






238.9







 






$






188.6







 






$






3.99









Adjusted for specified items:






 






 






 






 






 






 






 






 






 






 






 








Transaction and integration costs






 






0.2






 






 






 






0.1






 






 






 






—






 






 






 






6.8






 






 






 






5.1






 






 






 






0.11






 








Inventory step-up expense






 






—






 






 






 






—






 






 






 






—






 






 






 






0.6






 






 






 






0.5






 






 






 






0.01






 








Acquired intangible asset amortization






 






57.6






 






 






 






44.0






 






 






 






0.94






 






 






 






52.0






 






 






 






39.8






 






 






 






0.84






 








FLIR acquisition-related tax matters






 






—






 






 






 






0.5






 






 






 






0.01






 






 






 






—






 






 






 






—






 






 






 






—






 








Non-GAAP






$






336.5






 






 






$






271.4






 






 






$






5.80






 






 






$






298.3






 






 






$






234.0






 






 






$






4.95






 









 






First Quarter 2026






 






First Quarter 2025








 






Operating




Income (Loss)






 






Operating




Margin






 






Operating




Income (Loss)






 






Operating




Margin








GAAP






$






294.2







 






18.9






%






 






$






259.3







 






17.9






%








Adjusted for specified items:






 






 






 






 






 






 






 








Transaction and integration costs






 






0.2






 






 






 






 






 






6.8






 






 






 








Inventory step-up expense






 






—






 






 






 






 






 






0.6






 






 






 








Acquired intangible asset amortization






 






57.6






 






 






 






 






 






52.0






 






 






 








Non-GAAP






$






352.0






 






 






22.6






%






 






$






318.7






 






 






22.0






%




















 




TELEDYNE TECHNOLOGIES INCORPORATED




RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES




FOR THE FIRST QUARTER ENDED




MARCH 29, 2026 AND MARCH 30, 2025




(Unaudited — in millions)








 



 






First Quarter 2026








 






GAAP




Operating




Income




(Loss)






 






Acquired




Intangible




Asset




Amortization






 






Inventory




Step-up




Expense






 






Transaction




and




Integration




Costs






 






Non-GAAP




Operating




Income




(Loss)








Digital Imaging






$






141.7







 






$






48.0







 






$






—







 






$






—







 






$






189.7









Instrumentation






 






88.4






 






 






 






3.5






 






 






 






—






 






 






 






—






 






 






 






91.9






 








Aerospace and Defense Electronics






 






71.4






 






 






 






6.1






 






 






 






—






 






 






 






—






 






 






 






77.5






 








Engineered Systems






 






11.7






 






 






 






—






 






 






 






—






 






 






 






—






 






 






 






11.7






 








Corporate expense






 






(19.0






)






 






 






—






 






 






 






—






 






 






 






0.2






 






 






 






(18.8






)








Total






$






294.2






 






 






$






57.6






 






 






$






—






 






 






$






0.2






 






 






$






352.0






 









 






First Quarter 2025








 






GAAP




Operating




Income




(Loss)






 






Acquired




Intangible




Asset




Amortization






 






Inventory




Step-up




Expense






 






Transaction




and




Integration




Costs






 






Non-GAAP




Operating




Income




(Loss)








Digital Imaging






$






122.3







 






$






45.4







 






$






—







 






$






—







 






$






167.7









Instrumentation






 






92.7






 






 






 






3.2






 






 






 






—






 






 






 






—






 






 






 






95.9






 








Aerospace and Defense Electronics






 






55.7






 






 






 






3.4






 






 






 






0.6






 






 






 






3.2






 






 






 






62.9






 








Engineered Systems






 






10.8






 






 






 






—






 






 






 






—






 






 






 






—






 






 






 






10.8






 








Corporate expense






 






(22.2






)






 






 






—






 






 






 






—






 






 






 






3.6






 






 






 






(18.6






)








Total






$






259.3






 






 






$






52.0






 






 






$






0.6






 






 






$






6.8






 






 






$






318.7






 


























 




TELEDYNE TECHNOLOGIES INCORPORATED




RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES




(Unaudited — in millions, except per share amounts)










 



 






March 29, 2026






 






December 28, 2025








Current portion of long-term debt






$






450.1






 






 






$






450.1






 








Long-term debt






 






2,026.2






 






 






 






2,025.3






 








Total debt — non-GAAP






 






2,476.3






 






 






 






2,475.4






 








Less cash and cash equivalents






 






(521.4






)






 






 






(352.4






)








Net debt — non-GAAP






$






1,954.9






 






 






$






2,123.0






 









 






Second Quarter 2026






 






Full Year 2026








 






Low






 






High






 






Low






 






High








GAAP Diluted Earnings per Common Share Outlook






$






4.75







 






$






4.90







 






$






20.08







 






$






20.44









Adjusted for specified items:






 






 






 






 






 






 






 








Transaction and integration costs






 






—






 






 






 






—






 






 






 






0.01






 






 






 






—






 








Acquired intangible asset amortization






 






0.95






 






 






 






0.90






 






 






 






3.75






 






 






 






3.70






 








FLIR acquisition-related tax matters






 






—






 






 






 






—






 






 






 






0.01






 






 






 






0.01






 








Non-GAAP Diluted Earnings per Common Share Outlook






$






5.70






 






 






$






5.80






 






 






$






23.85






 






 






$






24.15






 







Explanation of Non-GAAP Financial Measures


We report our financial results in accordance with GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, and to aid in comparability with our competitors, investors and financial analysts may wish to consider the impact of certain items resulting from our acquisitions which have an infrequent or non-recurring impact on operations or assist in understanding our operations pre-acquisition. Accordingly, we present non-GAAP financial measures as a supplement to the financial measures we present in accordance with GAAP. These non-GAAP financial measures provide management, investors and financial analysts with additional means to understand and evaluate the operating results and trends in our ongoing business by adjusting for certain expenses and benefits. Management believes these non-GAAP financial measures also provide additional means of evaluating period-over-period operating performance. In addition, management understands that some investors and financial analysts find this information helpful in analyzing our financial and operational performance and in comparing this performance to our peers and competitors. The company’s diluted earnings per common share outlook guidance is also presented on a non-GAAP basis.


The non-GAAP financial measures are not meant to be considered superior to, or a substitute for, our financial statements prepared in accordance with GAAP. There are material limitations associated with non-GAAP financial measures because they exclude charges that have an effect on our reported results and, therefore, should not be relied upon as the sole financial measures by which to evaluate our financial results. Management compensates and believes that investors also should compensate for those limitations by viewing the non-GAAP financial measures in conjunction with the GAAP financial measures. In addition, the non-GAAP financial measures included in this earnings announcement may be different from, and therefore may not be comparable to, similar measures used by other companies. The non-GAAP financial measures are also used by our management to evaluate our operating performance and benchmark our results against our historical performance and the performance of our peers.


Our non-GAAP measures are as follows:


Non-GAAP income before income taxes, net income and diluted earnings per common share


These non-GAAP measures provide a supplemental view of income before taxes, net income and diluted earnings per common share. These non-GAAP measures exclude certain transaction and integration costs, inventory step-up expense, acquired intangible asset amortization, remeasurement of deferred taxes related to acquired intangible assets due to changes in tax laws, and tax benefits or costs related to the settlement or other resolution of the FLIR tax reserves. We also adjust for any post-acquisition interest on certain income tax reserves related to FLIR. We adjust for any income tax impact related to these items to take into account the tax treatment and related tax rate and changes in tax rates that apply to each adjustment in the applicable tax jurisdiction. Generally, this results in the tax impact at the U.S. marginal tax rate for certain adjustments, including the majority of amortization of intangible assets, whereas the tax impact of other adjustments, including transaction expenses, depend on whether the amounts are deductible in the respective tax jurisdictions and the applicable tax rates in those jurisdictions. We believe these measures provide investors and management with additional means to understand and evaluate the operating results of our business by adjusting for certain expenses and benefits and present an alternative view of our performance compared with prior periods.


Non-GAAP operating income and operating margin


We define non-GAAP operating margin as non-GAAP operating income divided by net sales. These non-GAAP measures exclude certain transaction and integration costs, inventory step-up expense, and acquired intangible asset amortization. We believe these measures provide investors and management with additional means to understand and evaluate the operating results of our business by adjusting for certain expenses and other items and present an alternative view of our performance compared with prior periods.


Non-GAAP total debt and net debt


We define non-GAAP total debt as the sum of the current portion of long-term debt and other debt and long-term debt. We define net debt as the difference between non-GAAP total debt less cash and cash equivalents. The company believes that this non-GAAP information is useful to assist investors and management in analyzing the company’s liquidity.


Non-GAAP diluted earnings per common share outlook


This non-GAAP measure represents our earnings per common share outlook for the second quarter of 2026 and total year 2026 on a fully diluted basis, excluding certain transaction and integration costs, acquired intangible asset amortization for all acquisitions and FLIR acquisition-related tax matters.


Non-GAAP cash provided by operations and free cash flow


We define free cash flow as cash provided by operating activities (a measure prescribed by GAAP) less capital expenditures for property, plant and equipment. We believe that this non-GAAP information is useful to assist management and the investment community in analyzing the company’s ability to generate cash flow.


Non-GAAP line items used in tables


Management excludes the effect of each of the acquisition-related items identified below to arrive at the applicable non-GAAP financial measure referenced in the tables for the reasons set forth below with respect to that item:



Acquired intangible asset amortization – We believe that excluding the amortization of acquired intangible assets, which primarily represents purchased technology and customer relationships, as well as purchase order and contract backlog, provides an alternative way for investors to compare our operations pre-acquisition to those post-acquisition and to those of our competitors that have pursued internal growth strategies. However, we note that companies that grow internally will incur costs to develop intangible assets that will be expensed in the period incurred, which may make a direct comparison more difficult.




Transaction and integration costs – Included in our GAAP presentation of cost of sales and selling, general and administrative expenses are substantial expenses (or benefits) incurred with acquisitions and primarily include legal, accounting and other professional fees as well as integration-related costs such as employee separation costs, facility consolidation costs and facility lease impairments. Employee separation costs include required change-in-control payments, cash settlement of employee and director stock awards, as well as other employee severance amounts. We exclude those costs from our non-GAAP measures because we believe they do not reflect our ongoing financial performance.




Inventory step-up expense – The purchase accounting entries associated with our acquisitions require us to record inventory at its fair value, which is sometimes substantial and greater than the previous book value of inventory. Included in our GAAP presentation, the increase in inventory value is amortized to cost of sales over the period that the related inventory is sold. In 2025, we excluded inventory step-up amortization related to the Micropac and Qioptiq acquisitions from our non-GAAP measures because it is a non-cash expense that we do not believe is indicative of our ongoing operating results.




FLIR acquisition-related tax matters – Included in our tax provision is post-acquisition interest on certain income tax reserves related to FLIR, as well as the tax benefits or costs related to the settlement or other resolution of the FLIR tax reserves. We exclude those impacts from our non-GAAP measures because we believe it does not reflect our ongoing financial performance.



 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260422200933/en/
Jason VanWees

(805) 373-4542


Original: Teledyne Technologies Reports First Quarter Results