. . World News – USA – Teledyne Technologies (TDY) Prelim. Q4 results top consensus

Teledyne Technologies Incorporated (NYSE: TDY) today announced its preliminary results for the fourth quarter and full year 2020.

Teledyne management expects fourth quarter sales of approximately $ 800 million. Additionally, GAAP diluted earnings per share are expected to be in the range of $ 3 for the fourth quarter. $ 16 to $ 3. 19, a record for each quarterly period and compared to the previous outlook of $ 2. 56 to $ 2. 86. The GAAP operating margin is expected to be around 17 in the fourth quarter. 5%, also a record for every quarter.

Including certain restructuring and other input tax fees of approx. 32 USD. Teledyne management expects GAAP diluted earnings per share for the full year to be $ 10. 30 to 10 dollars. 33, compared to the previous outlook of $ 9. 70 to 10 dollars. 00.

Finally, Teledyne’s management expects record cash flow for both the fourth quarter and the full year 2020 and ends the year with a net debt of approx. 115 million. USD.

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Teledyne Technologies, NYSE: TDY, Teledyne