Apr. 23 at 10:42 AM
$TDY Teledyne reports Q1 adjusted EPS
$4.95, consensus
$4.92
Reports Q1 revenue
$1.45B, consensus
$1.44B. "We achieved record first quarter sales, non-GAAP operating margin, and adjusted earnings per share," said Robert Mehrabian, Executive Chairman. "First quarter sales reflected organic growth in every segment, coupled with the contribution from recent acquisitions. In addition, quarter-end backlog was an all-time record, as orders exceeded sales for the sixth consecutive quarter.
We continue to execute our strategy, which has delivered long-term results regardless of economic and political uncertainty. That is, maintain a balanced and resilient mix of commercial and government businesses across a broad range of geographies and markets, continue to improve margins in existing businesses, and acquire and integrate complementary companies.
For example, Qioptiq, acquired on January 31, is off to a great start, and we expect Qioptiq to contribute to our 2025 non-GAAP earnings. Nevertheless, we are choosing to maintain our prior earnings outlook given the current very unpredictable environment."
