TELEDYNE TECHNOLOGIES Reports Fiscal Year 2023 Second Quarter Earnings Results
August 9, 2023
🌥️Earnings Overview
On July 26th 2023, TELEDYNE TECHNOLOGIES ($NYSE:TDY) released their earnings results for the second quarter of fiscal year 2023, ending June 30th 2023. Total revenue for the period stood at USD 1424.7 million, showing an increase of 5.1% compared to the same quarter of the previous year. Net income for the quarter was USD 185.3 million, signifying a 8.2% growth when compared to the same quarter in the previous year.
Stock Price
The stock opened at $416.9 and closed at $387.9, dropping by 6.5% from the previous closing price of 414.7. While revenue was up, operating income and cash flow were down from the same period a year ago. The company’s stock price also closed lower than the opening price, signaling investor concerns about the company’s current performance and future outlook. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Teledyne Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 5.59k | 768.7 | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Teledyne Technologies. More…
| Operations | Investing | Financing |
| 900.1 | -244.5 | -567.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Teledyne Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.16k | 5.57k | 182.24 |
Key Ratios Snapshot
Some of the financial key ratios for Teledyne Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.9% | 28.8% | 18.7% |
| FCF Margin | ROE | ROA |
| 14.3% | 7.7% | 4.6% |
Analysis
At GoodWhale, we have conducted an analysis on the wellbeing of TELEDYNE TECHNOLOGIES. According to the Star Chart, TELEDYNE TECHNOLOGIES is classified as a ‘gorilla’ company, which typically has strong competitive advantages and is able to achieve stable and high revenue growth. We believe that investors interested in such a company should look for growth, profitability, and weak asset and dividend metrics. In terms of wellbeing, TELEDYNE TECHNOLOGIES has a high health score of 8/10 with regard to its cashflows and debt. This means that the company is capable of safely riding out any crisis without the risk of bankruptcy. Therefore, investors should feel confident that TELEDYNE TECHNOLOGIES is a safe investment. More…
Peers
– MKS Instruments Inc ($NASDAQ:MKSI)
MKS Instruments Inc is a global provider of instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze critical parameters of advanced manufacturing processes. The company offers a range of products that are used in the manufacture of semiconductor devices, including integrated circuits (ICs), and in other advanced processes, such as those used in the production of flat panel displays, solar cells, compact discs, and fiber optic components.
MKS Instruments has a market capitalization of $5.16 billion as of 2022 and a return on equity of 18.75%. The company is a global provider of instruments and process control solutions for the semiconductor manufacturing industry.
– ESCO Technologies Inc ($NYSE:ESE)
ST is a leading global provider of semiconductor solutions. ST’s products are used in a wide range of applications, including automotive, industrial, consumer, computing, and other applications. ST’s products are used in a variety of end products, including automobiles, televisions, mobile phones, computers, and others. ST is a Fortune 500 company with operations in more than 35 countries.
– Allied Motion Technologies Inc ($NASDAQ:AMOT)
Allied Motion Technologies Inc is a designer and manufacturer of motion control products, technologies, and solutions for use in a variety of industries. The company has a market cap of 467.2M as of 2022 and a return on equity of 8.87%. Allied Motion Technologies Inc designs and manufactures a range of motion control products, including motors, drives, controllers, and software. The company’s products are used in a variety of industries, including automotive, aerospace, medical, and industrial.
Summary
Investors should take note of the positive financial results reported by TELEDYNE TECHNOLOGIES for their second quarter of 2023. The company saw a 5.1% increase in total revenue compared to the same quarter last year, contributing to an 8.2% increase in net income. Despite this, the stock price dropped on the day of the earnings announcement, indicating that investors may not be optimistic about the company’s future performance. It is important for investors to keep an eye on TELEDYNE TECHNOLOGIES in terms of their ability to maintain and grow their revenues and profits, as well as any changes in management or significant risks that could impact their future performance.
Related Posts
Recent Posts
