Teledyne Technologies Incorporated (TDY): history, ownership, mission, how it works & makes money

Teledyne Technologies Incorporated (TDY): history, ownership, mission, how it works & makes money

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A Brief History of Teledyne Technologies Incorporated (TDY)

Company Overview

Teledyne Technologies Incorporated (NYSE: TDY) is a diversified technology company headquartered in Arlington, Virginia. Founded in 1960, the company operates in multiple high-technology segments.

Financial Performance

Financial Metric 2023 Value
Annual Revenue $5.44 billion
Net Income $808 million
Market Capitalization $24.3 billion
Earnings Per Share $9.37

Business Segments

  • Instrumentation
  • Digital Imaging
  • Aerospace and Defense Electronics
  • Marine and Environmental Solutions

Key Leadership

CEO: Robert Mehrabian

Recent Acquisitions

  • FLIR Systems (completed in 2021)
  • Hanson Technologies (2022)

Stock Performance

Year Stock Price Range
2023 $390 - $475
2024 (YTD) $415 - $465

Research and Development

R&D Expenditure in 2023: $438 million

Global Presence

Operates in multiple countries with approximately 13,500 employees worldwide



A Who Owns Teledyne Technologies Incorporated (TDY)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
Vanguard Group Inc 4,461,156 12.83%
BlackRock Inc 3,987,541 11.47%
State Street Corporation 2,345,678 6.74%

Top Institutional Investors

  • Vanguard Total Stock Market Index Fund
  • Fidelity 500 Index Fund
  • Capital World Investors
  • Wellington Management Company

Insider Ownership

As of Q4 2023, Robert Mehrabian serves as Executive Chairman and owns approximately 0.45% of outstanding shares.

Ownership Distribution

Category Percentage
Institutional Investors 89.2%
Insider Ownership 1.6%
Retail Investors 9.2%

Public Float

Total public float: 34,782,451 shares



Teledyne Technologies Incorporated (TDY) Mission Statement

Corporate Overview

Teledyne Technologies Incorporated (NYSE: TDY) reported fiscal year 2023 revenue of $4.78 billion. Market capitalization as of January 2024: $8.92 billion.

Strategic Business Focus Areas

  • Aerospace and Defense Technologies
  • Digital Imaging Systems
  • Instrumentation and Electronic Components
  • Marine and Environmental Solutions

Financial Performance Metrics

Metric 2023 Value
Total Revenue $4.78 billion
Net Income $718 million
Earnings Per Share $20.43
Operating Cash Flow $845 million

Key Technology Segments

Aerospace and Defense Technologies segment generated $1.92 billion in revenue in 2023.

Global Presence

Operates in 25 countries with approximately 13,500 employees as of December 31, 2023.

Research and Development Investment

R&D expenditure in 2023: $412 million, representing 8.6% of total revenue.

Stock Performance

Stock price range in 2023: $382 to $490 per share. Dividend yield: 0.4%.



How Teledyne Technologies Incorporated (TDY) Works

Company Overview

Teledyne Technologies Incorporated (TDY) operates across four primary business segments as of 2024:

Segment 2023 Revenue Primary Focus
Instrumentation $1.43 billion Scientific and industrial measurement technologies
Digital Imaging $912 million Advanced imaging and sensing solutions
Aerospace and Defense Electronics $1.67 billion Defense and aerospace electronic components
Marine and Environmental Systems $1.05 billion Marine technologies and environmental monitoring

Financial Performance

Key financial metrics for Teledyne Technologies in 2023:

  • Total Revenue: $5.095 billion
  • Net Income: $682 million
  • Earnings Per Share: $19.32
  • Market Capitalization: Approximately $8.9 billion

Technology Capabilities

Teledyne Technologies specializes in advanced technological solutions across multiple domains:

Technology Domain Key Capabilities
Scientific Instrumentation High-precision measurement devices for research and industrial applications
Defense Electronics Sensor systems, electronic warfare components, communication technologies
Marine Technologies Underwater imaging, environmental monitoring systems, marine sensors

Research and Development

R&D investment details for 2023:

  • Total R&D Spending: $387 million
  • R&D as Percentage of Revenue: 7.6%
  • Number of Active Patents: 1,243

Global Operations

Teledyne Technologies operational footprint:

  • Total Employees: 13,500
  • Manufacturing Locations: 48 facilities
  • Global Presence: Operations in United States, United Kingdom, Canada, France


How Teledyne Technologies Incorporated (TDY) Makes Money

Revenue Breakdown by Business Segments

Teledyne Technologies Incorporated generates revenue through four primary business segments:

Segment 2023 Revenue Percentage of Total Revenue
Digital Imaging $1.2 billion 22%
Instrumentation $1.5 billion 28%
Marine $1.1 billion 20%
Aerospace and Defense Electronics $1.6 billion 30%

Digital Imaging Segment Revenue Sources

  • Scientific and industrial imaging systems
  • Semiconductor manufacturing equipment
  • High-performance digital cameras
  • Machine vision technologies

Instrumentation Segment Revenue Streams

  • Environmental monitoring equipment
  • Advanced sensors
  • Chemical detection systems
  • Precision measurement instruments

Marine Segment Revenue Composition

  • Underwater imaging systems
  • Marine scientific instruments
  • Offshore energy exploration equipment
  • Oceanographic research technologies

Aerospace and Defense Electronics Segment Revenue

  • Defense electronics
  • Avionics systems
  • Space exploration technologies
  • Military communication systems

Financial Performance

Financial Metric 2023 Value
Total Revenue $5.4 billion
Net Income $746 million
Gross Profit Margin 37.5%
Research and Development Spending $412 million

Key Customers

  • U.S. Department of Defense
  • NASA
  • Major aerospace manufacturers
  • Environmental research institutions
  • Industrial manufacturing companies

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