Teledyne Technologies Incorporated: Initiation Of Coverage – What Is Their Segmentwise Performance & Future Outlook?  

Teledyne Technologies, a prominent industrial conglomerate focused on aerospace and defense, instrumentation, digital imaging, and engineered systems, reported its Q1 2024 earnings. In the call, management touted robust results including record first quarter non-GAAP operating margin, record adjusted earnings per share, and record free cash flow. The company’s strong performance was driven by growth in its marine, aviation, and select defense businesses which offset sales declines in other areas.