This financial statement was prepared in accordance with U.S. GAAP.
TELEDYNE TECHNOLOGIES INCORPORATED SUMMARY OF SEGMENT NET SALES AND OPERATING INCOME FOR THE FIRST QUARTER ENDED APRIL 2, 2023 AND APRIL 3, 2022 (Unaudited - $ in millions) |
|||||||||||
|
|
First Quarter |
|
First Quarter |
|
% Change |
|||||
|
|
|
2023 |
|
|
|
2022 |
|
|
||
Net sales: |
|
|
|
|
|
|
|||||
Digital Imaging |
|
$ |
772.5 |
|
|
$ |
750.5 |
|
|
2.9 |
% |
Instrumentation |
|
|
333.5 |
|
|
|
308.9 |
|
|
8.0 |
% |
Aerospace and Defense Electronics |
|
|
173.2 |
|
|
|
166.2 |
|
|
4.2 |
% |
Engineered Systems |
|
|
104.1 |
|
|
|
95.4 |
|
|
9.1 |
% |
Total net sales |
|
$ |
1,383.3 |
|
|
$ |
1,321.0 |
|
|
4.7 |
% |
| Operating income (loss): |
|
|
|
|
|
|
|||||
| Digital Imaging |
|
$ |
122.2 |
|
|
$ |
115.7 |
|
|
5.6 |
% |
| Instrumentation |
|
|
80.7 |
|
|
|
71.6 |
|
|
12.7 |
% |
| Aerospace and Defense Electronics |
|
|
47.0 |
|
|
|
42.9 |
|
|
9.6 |
% |
| Engineered Systems |
|
|
10.0 |
|
|
|
9.4 |
|
|
6.4 |
% |
| Corporate expense |
|
|
(17.4 |
) |
|
|
(16.1 |
) |
|
8.1 |
% |
| Operating income (loss) |
|
|
242.5 |
|
|
|
223.5 |
|
|
8.5 |
% |
| Interest and debt income (expense), net |
|
|
(21.0 |
) |
|
|
(22.3 |
) |
|
(5.8 |
)% |
| Non-service retirement benefit income (expense), net |
|
|
3.3 |
|
|
|
2.8 |
|
|
17.9 |
% |
| Other income (expense), net |
|
|
(1.1 |
) |
|
|
(1.0 |
) |
|
10.0 |
% |
| Income (loss) before income taxes |
|
|
223.7 |
|
|
|
203.0 |
|
|
10.2 |
% |
| Provision (benefit) for income taxes (a) |
|
|
44.9 |
|
|
|
(9.6 |
) |
|
* |
|
| Net income (loss) including noncontrolling interest |
|
|
178.8 |
|
|
|
212.6 |
|
|
(15.9 |
)% |
| Less: Net income (loss) attributable to noncontrolling interest |
|
|
0.1 |
|
|
|
— |
|
|
* |
|
| Net income (loss) attributable to Teledyne |
|
$ |
178.7 |
|
|
$ |
212.6 |
|
|
(15.9 |
)% |
