Home      Corporate Information      Teledyne Companies      News      Investors

About Us

  Did You Know

  Competitive Strengths

  Ethics and Values


Management Team

  Board of Directors

  Executive Profiles

Financial Information
  Investor Information


  Stockholder Info


  Work With Us

  Submit Your Resume



THOUSAND OAKS, Calif. – January 22, 2009 – Teledyne Technologies Incorporated (NYSE:TDY)

  • Revenue increased 9.3% to $467.1 million compared with last year
  • Earnings per diluted share increased 15.1% to $0.84 compared with last year
  • Full year revenues increased 16.8% to $1.895 billion
  • Full year earnings per diluted share increased 23.2% to $3.35
  • Acquired Cormon Limited, Odom Hydrographic Systems, Inc. and assets of Demo Systems LLC

Teledyne Technologies today reported fourth quarter 2008 sales of $467.1 million, compared with sales of $427.5 million for the same period of 2007. Net income for the fourth quarter of 2008 was $30.8 million ($0.84 per diluted share), compared with net income of $26.6 million ($0.73 per diluted share) in the fourth quarter of 2007.

"We were pleased to end 2008 with another strong quarter. During the fourth quarter, sales increased 9.3% and earnings per share increased 15.1%. In addition, we reported record operating margin in our Electronics and Communications Segment and for the total company,” said Robert Mehrabian, chairman, president and chief executive officer. “Our positive results for the quarter were achieved despite significant weakness in some of our commercial businesses for which orders slowed dramatically during the quarter. We expect 2009 to be a challenging year given the continuing global economic downturn, increased pension expense and volatile commodity prices. Nonetheless, we believe we can successfully navigate the current environment given our balanced mix of businesses in defensible markets, sufficient liquidity, and continued commitment to operational excellence."

Investor Contact: Jason VanWees (805) 373-4542

Press Contact: Robyn McGowan (805) 373-4540

Home | Terms of Use | Careers | Search | Contact

Copyright © 2017 Teledyne Technologies Incorporated. All rights reserved.
1049 Camino Dos Rios - Thousand Oaks, CA 91360 - 805-373-4545
Quote data provided by North American Quotations, Inc.