Teledyne Technologies (TDY) Financial History

Stock markets in general, including the New York Stock Exchange on which our common stock is listed, have experienced a high degree of price and volume fluctuations that are not necessarily related to operating perfor…

Some items we purchase for the manufacture of our products are purchased from limited or single sources of supply due to technical capability, price and other factors.

Our future success depends to a significant extent upon the continued service of our executive officers and other key management and technical personnel and on our ability to continue to attract, retain and motivate q…

Issues in the development and use of AI may result in reputational harm or liability, and failure to introduce new and innovative products that have AI capabilities could put us at a competitive disadvantage.

unlawfully diverted.

In the event of a major earthquake, tornado, hurricane or catastrophic event such as fire, power loss, telecommunications failure, vandalism, cyber-attack, war, terrorist attack or health epidemic (including COVID), w…

Several of our facilities, as a result of their locations, could be subject to a catastrophic loss caused by earthquakes, hurricanes, tornados, floods, ice storms, rising sea levels, droughts or other natural disasters.

Our products are subject to various regulations that prohibit or restrict the use of certain hazardous substances.

Effective April 24, 2022, the United States Department of State’s Office of Defense Trade Controls Compliance (“DDTC”) closed the four-year Consent Agreement that had been entered into by FLIR Systems, Inc., to resolv…

Investor focus and activism related to climate change and sustainability may hinder our access to capital, as investors may reconsider their capital investment as a result of their assessment of our sustainability pra…

Legislative and regulatory measures currently under consideration or being implemented by government authorities to address climate change could require reductions in our GHG or other emissions, establish a carbon tax…

Climate change may have an increasingly adverse impact on our business and those of our customers, partners and suppliers.

For additional discussion of business acquisitions, goodwill and other long-lived assets, see the discussion under “Item 7.

On December 28, 2025, Teledyne’s goodwill was $8,687.6 million and net acquired intangible assets were $2,100.1 million.

The credit ratings of Teledyne’s debt could be subject to a downgrade below investment grade which could result in higher borrowing costs and more restrictive debt covenants in the future.

Our ability to meet our interest expense and debt service obligations will depend on our future performance, including the cash we generate from operating activities, which will be affected by financial, business, eco…

As of December 28, 2025, we had $2,488.0 million total outstanding indebtedness in senior notes.

Many of our products are used by industrial customers and municipalities to monitor ambient air quality, water quality and gas and particulate emissions in order comply with regulatory requirements issued by the U.S.

We also are required to procure certain materials and parts from supply sources approved by the U.S.

Our U.S.

Our U.S.

We are seeing increased sales into the European defense market as European defense budgets increase as a result of the conflict in Ukraine, threats from Russia and other geopolitical instability.

Further, most of our U.S.

Changes in policy and budget priorities by the U.S.

Government contracts are conditioned upon the continuing availability of Congressional appropriations, and the failure of Congress to appropriate funds for programs in which we participate could negatively affect our…

We perform work on a number of contracts with the U.S.

We develop and manufacture products for customers in the energy exploration and production markets, commercial aerospace markets, the semiconductor industry, and the consumer electronics, telecommunications, automotiv…

Many countries, including China, India and Saudi Arabia, have bolstered laws or regulations requiring the use of local suppliers, personnel and in-country manufacturing, which has had a negative impact on Teledyne’s r…

Our net sales to China-based customers represented approximately 4% of total revenues in 2025 and 2024, respectively.

An economic slowdown in China may adversely affect us.

A military conflict between China and Taiwan would likely have a material adverse impact on our ability to sell products to customers in these areas and on our supply chain.

Recent export restrictions have had a significant impact on our business.

The U.S.

•existing and emerging non-U.S.

•existing and intensifying global economic sanctions and export controls, including export controls related to China and sanctions related to Russia;

In both 2025 and 2024, sales to customers outside the United States accounted for approximately 48% of total net sales.

In order to remain competitive, we must make substantial investments in research and development (“R&D”) of new or enhanced products and continuously upgrade our process technology and manufacturing capabilities.

Our business in the recent past was impacted by interruptions in the supply chain.

•pre-existing vulnerabilities, including cybersecurity vulnerabilities, undetected malware and access management issues at the acquired business and its supply chain;

Tennessee or Texas facilities were to experience a catastrophic hurricane, storm, tornado or other natural disaster, or if Teledyne’s facilities in Quebec experience long-term loss of electrical power, such event coul…

At this time, based on available information, we are unable to reasonably estimate the time it may take to resolve these matters or the amount or range of potential loss, penalty or other government action, if any, th…

We may not be able to service our debt obligations.

Changes in production rates for major aircraft manufacturers, like Boeing and Airbus, impact our commercial aerospace businesses.

•conflict in the Middle East, including disruption of shipping lanes in the Red Sea;

Risks associated with counterfeit parts could be exacerbated as a result of supply chain shortages or due to parts becoming obsolete.

Rising inflation and other factors also may result in a shift in U.S.

The new Presidential administration has announced plans to significantly cut federal spending and the size of the federal government and has taken steps to reduce and reorganize the federal workforce at many agencies.

The conflict in Israel and neighboring region could have a material impact on our business, especially if it escalates into a wider regional conflict.

The continuing conflict between Russia and Ukraine has led to energy market disruptions and shortages which could result in the shutdown of or slowdowns at our manufacturing facilities, particularly those located in E…

Conflicts around the world could negatively impact our operations.

In early 2025, the new U.S.

•compliance with non-U.S.

•political and economic instability, including the war between Ukraine and Russia, the conflict in Israel and neighboring region and potential hostilities between China and Taiwan;

Low-cost competition from China and other developing countries could also result in decreased demand for our products.

Attempts by malicious actors to gain unauthorized access to our information technology systems have become more sophisticated and are sometimes successful.

An unfavorable outcome could result in substantial fines and penalties or loss or suspension of export privileges or of particular authorizations that could be material to our financial position, results of operations…

We may not be able to service our debt obligations, which could have a material and adverse effect on our business, financial condition or operating results.

Changes in production rates for major aircraft manufacturers, like Boeing and Airbus, impact our commercial aerospace businesses.

•instability in the Middle East and oil-producing regions of Latin America, including Venezuela;

In January 2026, the President issued an executive order that imposes obligations on U.S.

Government lasted 43 days and resulted in delays in contract awards, issuances of export licenses, shipments and payments of invoices for several of our businesses; any new shutdown or increase in the frequency of shu…

the production and pricing of some of our digital imaging and aerospace and defense products.

•compliance with non-U.S.

Low-cost competition from China and other developing countries could also result in decreased demand for our products.