The non-GAAP financial measures described above are not meant to be
considered superior to, or a substitute for, our financial statements
prepared in accordance with GAAP. There are material limitations
associated with non-GAAP financial measures because they exclude charges
that have an effect on our reported results and, therefore, should not
be relied upon as the sole financial measures by which to evaluate our
financial results. Management compensates and believes that investors
should compensate for these limitations by viewing the non-GAAP
financial measures in conjunction with the GAAP financial measures. In
addition, the non-GAAP financial measures included in this earnings
announcement may be different from, and therefore may not be comparable
to, similar measures used by other companies.
The non-GAAP financial measures listed above are also used by our
management to evaluate our operating performance, and benchmark our
results against our historical performance and the performance of our
peers.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20180201005393/en/
Contact:
Teledyne Technologies Incorporated
Jason VanWees, (805) 373-4542
