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Teledyne Technologies 8-K Report, Financial Results (Jan 21, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed January 21, 2026
Period End
January 21, 2026
Security
TDY
In the record · 2016–202610-K1210-Q338-K120

TDY filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 120 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’19Mar ’19
  2. Deal closed8-K · May ’21May ’21
  3. Leadership change8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed January 21, 2026. Cited figures are marked; the original filing is the authoritative source.

Teledyne Technologies Incorporated (NYSE: TDY) reported record fourth quarter and full year 2025 results in a press release furnished as Exhibit 99.1 to this Item 2.02 Form 8-K.

Fourth quarter net sales were $1,612.3 milliona, up 7.3% from $1,502.3 million, and GAAP net income attributable to Teledyne was $275.6 million, or $5.84 per diluted share, compared with $4.20 a year earlier. Non-GAAP diluted EPS was $6.30, an increase of 14.1% from $5.52. For the full year, net sales were $6,115.4 million, up 7.9%, and GAAP diluted EPS was $18.88 versus $17.21, while non-GAAP diluted EPS was $21.99 versus $19.73.

Operating margin was 18.8% for 2025 and non-GAAP operating margin was 22.6%. Cash generation and balance sheet highlights include fourth quarter cash from operations of $379.0 millionb and free cash flow of $339.2 million, with full year free cash flow of $1,074.0 million. The company repurchased about 0.8 million shares for $400.0 million in the fourth quarter at a weighted average price of $507.52, and full-year acquisition spending was approximately $850.0 million.

Net debt was $2,123.0 millionc at year-end, and the consolidated leverage ratio was 1.4x. For 2026, management guided to full-year GAAP diluted EPS of $19.76 to $20.22 and non-GAAP diluted EPS of $23.45 to $23.85, with first quarter GAAP EPS of $4.45 to $4.59 and non-GAAP EPS of $5.40 to $5.50. The release also notes the completed carve-out acquisition of TransponderTech and the January 14, 2026 acquisition of DD-Scientific.

02—Key points

Key Highlights

  1. Fourth quarter 2025 net sales of $1,612.3 million rose 7.3%, including $73.0 million from recent acquisitions; full-year net sales reached $6,115.4 million, up 7.9%.
  2. Fourth quarter GAAP diluted EPS was $5.84 versus $4.20 a year earlier; non-GAAP diluted EPS was $6.30, up 14.1% from $5.52.
  3. Full-year 2025 non-GAAP operating margin was 22.6% versus 22.0% in 2024; Aerospace and Defense Electronics sales grew 40.4% in the fourth quarter.
  4. Fourth quarter cash from operations was $379.0 million and free cash flow was $339.2 million; full-year free cash flow was $1,074.0 million.
  5. The company repurchased $400.0 million of stock in the fourth quarter and deployed approximately $850.0 million on acquisitions for the full year.
  6. 2026 guidance calls for GAAP diluted EPS of $19.76 to $20.22 and non-GAAP diluted EPS of $23.45 to $23.85.
  7. Year-end net debt was $2,123.0 million, with a consolidated leverage ratio of 1.4x and $1,171.0 million available under the $1.20 billion credit facility.

03—Questions

Frequently Asked Questions

  1. How did Teledyne perform in the fourth quarter of 2025?

    Net sales were $1,612.3 million, up 7.3% from $1,502.3 million. GAAP net income attributable to Teledyne was $275.6 million ($5.84 per diluted share), compared with $198.5 million ($4.20) a year earlier. Non-GAAP diluted EPS was $6.30 versus $5.52.

  2. What drove the growth in Aerospace and Defense Electronics?

    Segment sales rose 40.4% to $275.9 million in the fourth quarter. The filing attributes $72.3 million of the increase to higher defense electronics sales and $7.1 million to aerospace electronics, including $68.5 million of incremental defense electronics sales from recent acquisitions.

  3. What is Teledyne's 2026 earnings outlook?

    Management projects full-year 2026 GAAP diluted EPS of $19.76 to $20.22 and non-GAAP diluted EPS of $23.45 to $23.85. For the first quarter of 2026, GAAP EPS is expected at $4.45 to $4.59 and non-GAAP EPS at $5.40 to $5.50. The non-GAAP outlook excludes acquired intangible asset amortization, transaction and integration costs, and inventory step-up expense.

  4. How much capital did Teledyne return to shareholders and deploy into acquisitions?

    The company repurchased approximately 0.8 million shares for $400.0 million in the fourth quarter, at a weighted average price of $507.52 per share. Full-year capital deployment for acquisitions was approximately $850.0 million, and the release notes the completed TransponderTech carve-out and the January 14, 2026 acquisition of DD-Scientific.

  5. How is Teledyne's balance sheet positioned?

    Net debt was $2,123.0 million at December 28, 2025, up from $1,999.2 million a year earlier, and the quarter-end consolidated leverage ratio was 1.4x. Cash and cash equivalents were $352.4 million, and $1,171.0 million was available under the $1.20 billion credit facility after $29.0 million of outstanding letters of credit.

04—Continue

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