Teledyne Posts Improved Preliminary Fourth Quarter and Full Year Results
January 6, 2021 | TeledyneEstimated reading time: Less than a minute
Teledyne Technologies Incorporated announced its preliminary results for the fourth quarter and full-year 2020.
Teledyne’s management expects to report fourth-quarter sales of approximately $800 million. In addition, fourth-quarter GAAP diluted earnings per share are expected to be in the range of $3.16 to $3.19, an all-time record for any quarterly period and compared with the prior outlook of $2.56 to $2.86. GAAP operating margin in the fourth quarter is expected to be approximately 17.5%, also an all-time record for any quarter.
Including certain restructuring and other pretax charges totaling approximately $32.4 million, Teledyne’s management expects full year GAAP diluted earnings per share to be in the range of $10.30 to $10.33, compared with the prior outlook of $9.70 to $10.00.
?Finally, Teledyne’s management expects to achieve record cash flow for both the fourth quarter and full-year 2020, ending the year with approximately $115 million of net debt.
Suggested Items
TTM Technologies Reports First Quarter 2024 Results
05/02/2024 | TTM TechnologiesTTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards , reported results for the first quarter 2024, which ended on April 1, 2024.
GPV’s Q1 2024 Interim Financial Report Shows Strong Navigation in Uncertain Times
05/01/2024 | GPVDanish-based GPV recorded an expected drop in sales to DKK 2.3 billion for the first quarter of 2024. The decline also affected the operating profit, which was DKK 155 million compared to DKK 179 million in the same quarter last year, although the EBITDA margin was maintained. In general, demand has been softer in 2024, but GPV continues to invest for the long-term and expects the trend to turn in the second half of 2024.
Celestica Announces Q1 2024 Financial Results
05/01/2024 | CelesticaCelestica Inc., a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended March 31, 2024 (Q1 2024).
NASA’s Optical Comms Demo Transmits Data Over 140 Million Miles
04/30/2024 | NASA JPLNASA’s Deep Space Optical Communications experiment also interfaced with the Psyche spacecraft’s communication system for the first time, transmitting engineering data to Earth.
Plexus Announces Fiscal Q2 Financial Results
04/30/2024 | Plexus Corp.Plexus Corp. announced financial results for our fiscal second quarter ended March 30, 2024, and guidance for our fiscal third quarter ending June 29, 2024.