Strong Growth in Digital …

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• Digital Imaging Segment Sales Increase: 3.4% growth in Q4, driven by strong sales from Teledyne FLIR.

• Infrared Imaging Components Growth: Over 20% increase in sales.

• Non-GAAP Operating Margin (Digital Imaging): Increased 180 basis points to 24.7%.

• Instrumentation Segment Sales Increase: 3.7% growth in Q4.

• Environmental Instruments Sales Increase: 6.1% growth.

• Non-GAAP Operating Margin (Instrumentation): Increased 36 basis points for the full year to 28.4%.

• Aerospace and Defense Electronics Sales Increase: 40.4% growth in Q4.

• Engineered System Segment Revenue Decrease: 9.9% decline in Q4.

• Operating Margin (Engineered System): Increased 259 basis points.

• Cash Flow from Operating Activities: $379 million in Q4 2025, up from $332.4 million in 2024.

• Free Cash Flow: $339.2 million in Q4 2025, a record compared to $303.4 million in 2024.

• Capital Expenditures: $39.8 million in Q4 2025, compared to $29 million in 2024.

• Depreciation and Amortization Expense: $84.6 million in Q4 2025, compared to $77.2 million in 2024.

• Net Debt: $2.12 billion at the end of the quarter.

• GAAP EPS Outlook (Q1 2026): $4.45 to $4.59 per share.

• Non-GAAP EPS Outlook (Q1 2026): $5.40 to $5.50 per share.

• GAAP EPS Outlook (Full Year 2026): $19.76 to $20.22 per share.

• Non-GAAP EPS Outlook (Full Year 2026): $23.45 to $23.85 per share.

Release Date: January 21, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

• Teledyne Technologies Inc (NYSE:TDY) reported a 3.4% increase in fourth-quarter sales in the digital imaging segment, driven by strong sales from Teledyne FLIR.

• The company achieved record maritime sales, particularly in imaging systems for unmanned surface vessels.

• Teledyne Technologies Inc (NYSE:TDY) was awarded its first production rate contract in the loitering munition market under the Marine Corps Organic Precision Fires Light program.

• Non-GAAP operating margin in the digital imaging segment increased by 180 basis points to 24.7%, a record since incorporating FLIR in 2021.

• The aerospace and defense electronics segment saw a 40.4% increase in fourth-quarter sales, driven by acquisitions and organic growth.

• Sales of X-ray detectors and scientific cameras were lower, offsetting gains in other areas of the digital imaging segment.

• The engineered system segment experienced a 9.9% decrease in fourth-quarter revenue due to delayed contract awards.

• Non-GAAP segment margin in the aerospace and defense electronics segment decreased year over year due to lower margins at recently acquired businesses.

• Instrumentation segment’s non-GAAP operating margin decreased slightly in the fourth quarter on a tough comparison.

• The company anticipates a slower start in 2026 for its protocol analyzer business due to delays from major chip producers.