Teledyne's fourth-quarter profit beats on robust defense demand

Teledyne Technologies Incorporated

22/01/2025 13:14

Jan 22 (Reuters) - U.S. defense firm Teledyne  TDY.N 
reported a fourth-quarter profit on Wednesday that beat
analysts' estimates on the back of robust demand for its target
detection sensors and marine equipment.
    On an adjusted basis, the company earned $5.52 per share in
the quarter, compared with the average analyst estimate of
$5.22, according to data compiled by LSEG.
    Defense firms have benefited from an uptick in spending amid
the ongoing conflict in the Middle East and the Russia-Ukraine
war.
    Revenue from Teledyne's digital imaging business - that
produces threat detection sensors and cameras for military
applications - rose 2.5% to $822 million in the fourth quarter.
    The company reported net sales of $1.5 billion, compared
with $1.42 billion a year earlier.
    Teledyne said it expects 2025 adjusted profit per share
between $21.10 and $21.50. Analysts had expected $21.55.

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shounak
Dasgupta)
((UtkarshUmesh.Shetti@thomsonreuters.com))