TELEDYNE TECHNOLOGIES INCORPORATED SUMMARY OF SEGMENT NET SALES AND OPERATING INCOME FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED JANUARY 3, 2021 AND DECEMBER 29, 2019 (Unaudited - in millions) |
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Fourth Quarter |
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Fourth Quarter |
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% Change |
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Twelve Months |
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Twelve Months |
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% Change |
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2020 |
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2019 |
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2020 |
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2019 |
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Net sales: |
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Instrumentation |
|
$ |
282.8 |
|
|
|
$ |
301.6 |
|
|
|
(6.2 |
)% |
|
$ |
1,094.5 |
|
|
|
$ |
1,105.1 |
|
|
|
(1.0 |
)% |
| Digital Imaging |
|
262.0 |
|
|
|
268.1 |
|
|
|
(2.3 |
)% |
|
986.0 |
|
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|
992.9 |
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|
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(0.7 |
)% |
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| Aerospace and Defense Electronics |
|
145.2 |
|
|
|
170.4 |
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(14.8 |
)% |
|
589.4 |
|
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|
690.1 |
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(14.6 |
)% |
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| Engineered Systems |
|
119.3 |
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|
|
94.1 |
|
|
|
26.8 |
% |
|
416.3 |
|
|
|
375.5 |
|
|
|
10.9 |
% |
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| Total net sales |
|
$ |
809.3 |
|
|
|
$ |
834.2 |
|
|
|
(3.0 |
)% |
|
$ |
3,086.2 |
|
|
|
$ |
3,163.6 |
|
|
|
(2.4 |
)% |
| Operating income: |
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| Instrumentation |
|
$ |
63.2 |
|
|
|
$ |
59.5 |
|
|
|
6.2 |
% |
|
$ |
213.2 |
|
|
|
$ |
200.4 |
|
|
|
6.4 |
% |
| Digital Imaging |
|
56.7 |
|
|
|
47.1 |
|
|
|
20.4 |
% |
|
192.8 |
|
|
|
176.5 |
|
|
|
9.2 |
% |
||||
| Aerospace and Defense Electronics |
|
23.2 |
|
|
|
32.8 |
|
|
|
(29.3 |
)% |
|
80.8 |
|
|
|
143.4 |
|
|
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(43.7 |
)% |
||||
| Engineered Systems |
|
15.4 |
|
|
|
10.5 |
|
|
|
46.7 |
% |
|
50.1 |
|
|
|
36.5 |
|
|
|
37.3 |
% |
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| Corporate expense |
|
(14.7 |
) |
|
|
(16.1 |
) |
|
|
(8.7 |
)% |
|
(56.8 |
) |
|
|
(65.1 |
) |
|
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(12.7 |
)% |
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| Operating income |
|
143.8 |
|
|
|
133.8 |
|
|
|
7.5 |
% |
|
480.1 |
|
|
|
491.7 |
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|
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(2.4 |
)% |
||||
| Interest and debt expense, net |
|
(3.4 |
) |
|
|
(4.7 |
) |
|
|
(27.7 |
)% |
|
(15.3 |
) |
|
|
(21.0 |
) |
|
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(27.1 |
)% |
||||
| Non-service retirement benefit income |
|
3.2 |
|
|
|
1.9 |
|
|
|
68.4 |
% |
|
12.1 |
|
|
|
8.0 |
|
|
|
51.3 |
% |
||||
| Other expense, net |
|
(2.5 |
) |
|
|
(1.5 |
) |
|
|
66.7 |
% |
|
(7.2 |
) |
|
|
(5.0 |
) |
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|
44.0 |
% |
||||
| Income before income taxes |
|
141.1 |
|
|
|
129.5 |
|
|
|
9.0 |
% |
|
469.7 |
|
|
|
473.7 |
|
|
|
(0.8 |
)% |
||||
| Provision for income taxes |
|
9.0 |
|
|
|
13.8 |
|
|
|
(34.8 |
)% |
|
67.8 |
|
|
|
71.4 |
|
|
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(5.0 |
)% |
||||
| Net income |
|
$ |
132.1 |
|
|
|
$ |
115.7 |
|
|
|
14.2 |
% |
|
$ |
401.9 |
|
|
|
$ |
402.3 |
|
|
|
(0.1 |
)% |
Teledyne Technologies Reports Fourth Quarter Results
 |  | More IC News
|
|
(a) Fiscal year 2020 contained 53 weeks and fiscal year 2019 contained 52 weeks. The fourth quarter of 2020 contained 14 weeks and the fourth quarter of 2019 contained 13 weeks.
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