Teledyne Technologies TDY

Teledyne Technologies has reported strong financial results, with significant earnings per share of $4.43 in Q2 2022, surpassing estimates and continuing a trend of exceeding expectations. The company achieved a 20.9% year-over-year revenue increase, amounting to $1.36 billion, despite an 8.4% decline in share price due to broader market challenges. This follows a 64% sales increase in Q1 2022, bolstered by its acquisition of FLIR Systems. Teledyne's net income has surged significantly, reflecting robust performance in defense electronics amid heightened global spending, although persistent supply chain issues and inflation remain concerns.