TELEDYNE TECHNOLOGIES (TDY) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reporting quarter decreased from the immediately preceding quarter and from the same quarter one year earlier. The declines were observed in both sequential and year-over-year comparisons.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reporting quarter decreased from the immediately preceding quarter and from the same quarter one year earlier. The declines were observed in both sequential and year-over-year comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-5.3%
Change from the immediately preceding quarter.
Year-over-year
-2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2023 | $1.4B | +5.1% |
| Oct 1, 2023 | $1.4B | +2.9% |
| Dec 31, 2023 | $1.4B | +0.5% |
| Mar 31, 2024 | $1.4B | -2.4% |
Revenue performance
Reported revenue was lower, with a contraction in net sales during the quarter.
Quarterly comparison
Compared to the prior quarter, revenue declined, and it also fell relative to the same quarter a year ago.
What to watch
After the reporting quarter, the company made a substantial debt repayment on maturing senior notes.