TELEDYNE TECHNOLOGIES INC stock research
FY2024 Q2
TELEDYNE TECHNOLOGIES (TDY) Gross Margin — Quarter Ended Jun 30, 2024
Revenue was stable compared with both the prior quarter and the same quarter last year. Gross profit and gross margin were slightly higher than the prior quarter but lower than the year-ago quarter, reflecting a mixed trend in profitability.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue was stable compared with both the prior quarter and the same quarter last year. Gross profit and gross margin were slightly higher than the prior quarter but lower than the year-ago quarter, reflecting a mixed trend in profitability.
- Gross margin improved modestly from the prior quarter, driven by a slightly larger increase in gross profit relative to cost of revenue. The year-over-year decline in gross margin was accompanied by a reduction in both gross profit and cost of revenue.
- Compared with the prior quarter, revenue was essentially unchanged while gross profit and gross margin were slightly higher. Compared with the same quarter last year, revenue was similar but gross profit and gross margin were lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.1%
Gross profit
$592.6M
Revenue
$1.4B
Cost of revenue
$781.5M
Quarter-over-quarter change
+0.2 pts
Year-over-year change
-0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Oct 1, 2023 | $1.4B | $605.3M | $797.2M | 43.2% |
| Dec 31, 2023 | $1.4B | $623.1M | $801.9M | 43.7% |
| Mar 31, 2024 | $1.4B | $579.9M | $770.2M | 43.0% |
| Jun 30, 2024 | $1.4B | $592.6M | $781.5M | 43.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.2 pts
Year-over-year change
Jul 2, 2023
-0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin improved modestly from the prior quarter, driven by a slightly larger increase in gross profit relative to cost of revenue. The year-over-year decline in gross margin was accompanied by a reduction in both gross profit and cost of revenue.
Compared with the prior quarter, revenue was essentially unchanged while gross profit and gross margin were slightly higher. Compared with the same quarter last year, revenue was similar but gross profit and gross margin were lower.
Monitor the trajectory of gross profit relative to cost of revenue, as the current quarter's slight improvement may not persist if cost trends shift.