Teledyne Technologies reports lower first quarter sales
Teledyne Technologies, based in Thousand Oaks, announced a drop in first quarter sales compared to the same period last year. In a May 5 statement, the company said first quarter sales fell from $565 million in 2015 to $530.5 million in 2016. Net income fell from $43.7 million, or $1.20 per diluted share, to $38.4 Read More →
Teledyne acquires Quantum Data
Teledyne made its third acquisition in five days when it acquired Elgin, Ill.-based Quantum Data April 13. The Thousand Oaks industrial conglomerate said subsidiary Teledyne LeCroy acquired Quantum Data to build on wireless technology gained from an April 7 acquisition of Charlottesville, Va.-based Frontline Test Equipment. Teledyne is involved in digital imaging, instrumentation, engineered systems Read More →
Teledyne buys Canada-based CARIS
Thousand Oaks industrial conglomerate Teledyne Technologies acquired Canada-based CARIS on April 8. Teledyne makes products primarily for the digital imaging, instrumentation, engineered systems and aerospace and defense sectors. Founded in 1979, CARIS develops geospatial software for hydrographic and marine uses. Terms of the acquisition were not announced. “By providing data processing, mapping and geospatial imaging Read More →
Teledyne sales fall but earnings per share beat analyst estimates
Thousand Oaks-based industrial conglomerate Teledyne Technologies saw sales slip for the fourth consecutive quarter but still beat analyst estimates for earnings per share when it released results Feb. 4. Teledyne sales fell 3.6 percent during the fourth quarter from $622.3 million in 2014 to $600 million in 2015. Sales also fell 4 percent during the Read More →
Teledyne sales dropped in third quarter
Sales slumped once again for Teledyne Technologies in the third quarter. The Thousand Oaks-based industrial conglomerate said it saw sales decline for the third straight quarter when it released third quarter earnings on Oct. 29. Sales fell 7.6 percent from $601.1 million during the third quarter of 2014 to $555.4 million this year. Because of Read More →
Revenues down but Thousand Oaks-based Teledyne beats estimates
Thousand Oaks-based Teledyne Technologies beat analyst estimates when it reported second-quarter earnings on July 30 but the company still saw a sharp decline in net income. Teledyne posted earnings of $1.34 per share, barely beating analyst estimates of $1.33 per share. Second-quarter revenues were down by 3.2 percent from the second-quarter of 2014, from $597.1 Read More →
