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.
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
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Teledyne Technologies. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Teledyne Technologies. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Teledyne Technologies. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Teledyne Technologies are shown below. More…
Income Statement Ratios
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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…
Risk Rating Analysis
Star Chart Analysis
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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.