Teledyne Technologies Boosts FY25 Outlook; Raises Share Buyback Authorization To $2 Bln - Update

(RTTNews) - While reporting financial results for the second quarter on Wednesday, Teledyne Technologies Inc. (TDY) provided its earnings and adjusted earnings guidance for the third quarter and raised its earnings and adjusted earnings outlook for the full-year 2025.

For the third quarter, the company expects earnings in a range of $4.39 to $4.54 per share and adjusted earnings in a range of $5.35 to $5.45 per share.

Looking ahead to fiscal 2025, the company now projects earnings in a range of $17.59 to $17.97 per share and adjusted earnings in a range of $21.20 to $21.50 per share.

Previously, the company expected earnings in a range of $17.35 to $17.83 per share and adjusted earnings in a range of $21.10 to $21.50 per share.

On average, analysts polled expect the company to report earnings of $5.54 per share for the third quarter and $21.44 per share for the year. Analysts' estimates typically exclude special items.

The company also raised its stock repurchase authorization to $2.0 billion, replacing previous authorization of which $896 million remained.

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