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 26, 2012 – Teledyne Technologies Incorporated (NYSE:TDY)

  • Fourth quarter sales increased 12.6% to $474.5 million
  • Fourth quarter earnings per share from continuing operations of $0.99 vs. $1.00 in 2010
  • Fourth quarter 2010 earnings per share included $0.24 of tax credits offset by $0.08 of acquisition and disposition expenses
  • Record full-year revenues and earnings per share from continuing operations of $1,941.9 million and $3.81, respectively
  • Full-year earnings per share of $6.84 including discontinued operations
  • Repurchased 658,562 shares of our stock in the fourth quarter

Teledyne today reported fourth quarter 2011 sales from continuing operations of $474.5 million, compared with sales of $421.5 million for the fourth quarter of 2010, an increase of 12.6%. Net income from continuing operations including noncontrolling interest was $36.8 million ($0.99 per diluted share) for the fourth quarter of 2011, compared with $37.0 million ($1.00 per diluted share) for the fourth quarter of 2010. The fourth quarter of 2010 included net tax credits of $9.0 million and certain pretax charges totaling $4.8 million for acquisition and disposition related expenses.

“2011 was a decisive year in the history of Teledyne, both financially and strategically,” said Robert Mehrabian, chairman, president and chief executive officer. “Full year sales, earnings per share, GAAP operating margin, and free cash flow all were at record levels. In addition to the financial performance, the divestiture of our aircraft piston engine business, along with its liabilities, significantly reduced our risk profile, while the acquisition of DALSA was a major commitment to digital imaging. Teledyne is a different company today. Following a decade of progressive change and continuous improvement in operations, we enter 2012 as a company primarily serving industrial growth markets. We now possess higher technology businesses, a greater research and development capability, and provide proprietary highly engineered products to markets such as offshore energy, global infrastructure, factory automation, transportation and communications. ”

Investor Contact: Jason VanWees (805) 373-4542

Press Contact: Robyn McGowan (805) 373-4540

Home | Terms of Use | Careers | Search | Contact

Copyright © 2018 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.