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
NCAB Group Posts Interim Report Q1 2024
04/26/2024 | NCAB GroupNet sales decreased by 17% to SEK 950.6 million (1,146.4). Compared with the year-earlier period, sales were affected bylower prices and continued inventory adjustments by customers. In USD, net sales decreased 17%. For comparable units, net sales decreased 24% in both SEK and USD.
Rogers Corporation Reports Q1 2024 Results
04/26/2024 | Rogers CorporationNet sales of $213.4 million increased 4.3% versus the prior quarter resulting from higher sales in the AES and EMS business units. AES net sales increased by 4.1% primarily related to higher aerospace and defense (A&D), wireless infrastructure, industrial and renewable energy sales, partially offset by lower EV/HEV and ADAS sales. EMS net sales increased by 2.8% primarily from higher general industrial, A&D and EV/HEV sales, partially offset by seasonally lower portable electronics sales.
NOTE Releases Interim Report for January-March 2024.
04/23/2024 | NOTENOTE has announced its interim report for January-March 2024.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Aspocomp’s Q1 Net Sales and Operating Result Decreased YoY
04/18/2024 | AspocompInflation and interest rates, weak economic development, the uncertainties posed by Russia’s war of aggression and the situation in the Middle East, and global trade policy tensions will affect the operating environment of Aspocomp and its customers in the 2024 fiscal year.