Business Description

Teledyne Technologies, Inc. provides communication and electronic products to satellite and wireless systems. The company was established in 1960. It is located in Thousand Oaks, CA. Teledyne Leeman Labs, a subsidiary of Teledyne Technologies International Corp. It has the following business segments: Digital Imaging, Aerospace Instrumentation, Defense Electronics, and Engineered Systems.

The Instrumentation segment covers controlling instruments and monitoring for industrial, marine, and environmental applications. Digital Imaging offers sensors, cameras, and infrared systems. Aerospace and Defense Electronics provides electronic components, subsystems, data acquisition, and communication equipment. Engineered Systems is a segment that develops and produces electrochemical energy systems and small-scale turbine engines.

Key Financials

Revenue (US$ Mn)

• US$ 4,614 Mn was the annual revenue generated by Teledyne Technologies International Corp in 2021
• Teledyne Technologies International Corp’s annual revenue for 2020 was US$ 3,086 Mn, a -2.43% decrease from 2019
• From 2018’s annual revenues, Teledyne Technologies International Corp registered an 8.99% increase in 2019, amounting to US$ 3,163 Mn
• Total revenue of US$ 2,902 Mn was generated in 2018 by Teledyne Technologies International Corp

Operating Income (US$ Mn)

• Teledyne Technologies International Corp’s operating income for 2021 was US$ 624 Mn, a 30.04% increase from 2020
• The operating income generated by Teledyne Technologies International Corp in 2020 was US$ 480 Mn
• At a 17.75% increase, Teledyne Technologies International Corp’s operating income of US$ 491 Mn was indexed in 2019
• Teledyne Technologies International Corp generated an operating income of US$ 417 Mn in 2018

Net Income (US$ Mn)

• US$ 445 Mn was the net income generated by Teledyne Technologies International Corp in 2021
• Teledyne Technologies International Corp’s net income for 2020 was US$ 402 Mn, a -0.02% decrease from 2019
• From 2018’s net incomes, Teledyne Technologies International Corp registered a 20.36% increase in 2019, amounting to US$ 402 Mn
• A net income of US$ 334 Mn was generated in 2018 by Teledyne Technologies International Corp

Operating Margin %

• Teledyne Technologies International Corp’s operating margin for 2021 was 14%, a -13.46% decrease from 2020
• The operating margin generated by Teledyne Technologies International Corp in 2020 was 16%
• At a 7.64% increase, Teledyne Technologies International Corp’s operating margin of 16% was indexed in 2019
• Teledyne Technologies International Corp generated an operating margin of 14% in 2018

Gross Margin %

• Teledyne Technologies International Corp’s gross margin for 2021 was 40%, a 3.92% increase from 2020
• The gross margin generated by Teledyne Technologies International Corp in 2020 was 38%
• At a 2.61% increase, Teledyne Technologies International Corp’s gross margin of 39% was indexed in 2019
• Teledyne Technologies International Corp generated a gross margin of 38% in 2018

SWOT Analysis

Strengths

Strong Position of Liquidity

The company is well-equipped for research and development (R&D). Teledyne is focused on improving its manufacturing capabilities and creating new products. Its main activities include engineering and design to improve existing products or develop new products and technologies within the same or related fields.

Teledyne Scientific Company, the company’s subsidiary acts as its primary research center and promotes and funds joint research and development projects. Teledyne invested US$185.6million in R&D during FY2018. This was 6.4% of its revenue. Teledyne’s strong focus on R&D allows it to continue developing new products and technologies and remain competitive in the market.

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