Teledyne Q3 sales climb 9.4% to $1.68 billion
- Teledyne Technologies (NYSE:TDY) reported third-quarter 2026 sales of $1.6849 billion, up 9.4% year over year, alongside record operating profit and non-GAAP diluted earnings.
- GAAP diluted EPS increased 25.2% to $5.82, while adjusted diluted EPS rose 20.6% to $6.72. Operating cash flow reached $352.5 million.
- Teledyne increased its full-year adjusted EPS outlook to $25.40–$25.50 and reiterated its pending $1.1 billion acquisition of Varex Imaging.
Teledyne Technologies (NYSE:TDY) reported record third-quarter 2026 sales of $1.68 billion, up 9.4% year over year, alongside higher operating profit and earnings.
GAAP diluted earnings increased 25.2% to $5.82 per share from $4.65 a year earlier, while adjusted diluted EPS rose 20.6% to $6.72.
The company reported record quarterly operating profit and non-GAAP earnings, reflecting improved profitability across its diversified industrial technology operations.
Cash from operations reached $352.5 million, compared with $343.1 million a year earlier, while free cash flow increased to $319.5 million from $313.9 million.
Teledyne raised its full-year GAAP EPS outlook to $21.71–$21.87 and adjusted EPS guidance to $25.40–$25.50, reflecting stronger annual earnings expectations.
The company announced a pending $1.1 billion acquisition of Varex Imaging, expanding its exposure to medical imaging and industrial X-ray technologies.
Teledyne reported a quarter-end consolidated leverage ratio of 0.9 times and repurchased $224.6 million of shares during September and through October 19.
