TELEDYNE TECHNOLOGIES (TDY) Revenue — Quarter Ended Sep 29, 2024
Revenue increased in the quarter, rising both sequentially and year over year. Net sales were higher compared to the immediately preceding quarter and the same period a year earlier.
Key takeaway
Quarter ended Sep 29, 2024 · FY2024 Q3
Revenue increased in the quarter, rising both sequentially and year over year. Net sales were higher compared to the immediately preceding quarter and the same period a year earlier.
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
+5.1%
Change from the immediately preceding quarter.
Year-over-year
+2.9%
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 |
|---|---|---|
| Dec 31, 2023 | $1.4B | +0.5% |
| Mar 31, 2024 | $1.4B | -2.4% |
| Jun 30, 2024 | $1.4B | -3.6% |
| Sep 29, 2024 | $1.4B | +2.9% |
Revenue performance
Revenue for the third quarter was up from the prior quarter and the year-ago quarter, indicating positive momentum. Operating income also improved compared to the prior year quarter.
Quarterly comparison
Revenue increased sequentially, reversing the decline experienced in the prior two quarters. Year-over-year, revenue also grew, though at a more moderate rate than the sequential growth.
What to watch
The company reduced its long-term debt through a scheduled maturity payment, and compliance with financial covenants remains an area to monitor.