The chart below shows how TDY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TDY sees a +0.38% change in stock price 10 days leading up to the earnings, and a +2.26% change 10 days following the report. On the earnings day itself, the stock moves by -0.35%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Sales Growth Acceleration: Record sales increased 5.4% in Q4 2024, accelerating from the previous quarter.
Record Non-GAAP EPS: 4th quarter and full year non-GAAP earnings per share reached record levels, reflecting strong financial performance.
Strong Cash Generation: Annual free cash flow for 2024 was $1.11 billion, demonstrating robust cash generation capabilities.
Instrumentation Sales Growth: Instrumentation segment sales increased 10.1% year-over-year in Q4, driven by strong growth across all major product lines.
Digital Imaging Sales Growth: Digital imaging segment sales grew 2.5% in Q4, supported by record sales in defense and commercial infrared imaging systems.
Negative
Digital Imaging Sales Growth: 4th quarter sales in the digital imaging segment increased only 2.5% year over year, with a notable decline in sales of X-ray detectors for consumer discretionary dental markets, indicating weakness in certain areas of the business.
Operating Profit Decline: The Engineered Systems segment reported a decrease in operating profit due to higher cost estimates on certain programs, reflecting challenges in cost management and project execution.
High Leverage Concerns: Despite a record free cash flow of $1,110,000,000 in 2024, the company ended the year with nearly $2,000,000,000 in net debt, suggesting a high leverage position that could impact future financial flexibility.
Conservative Growth Outlook: The guidance for 2025 includes only 3.2% organic growth, which is considered conservative, indicating potential headwinds in revenue generation and market demand.
Foreign Exchange Impact on Sales: The company anticipates a headwind from foreign exchange rates, estimating a negative impact of approximately 1.3% on sales going into 2025, which could further constrain growth prospects.
Earnings call transcript: Teledyne Q4 2024 beats EPS forecast, shares rise
TDY.N
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