Teledyne Technologies: Buy The Dip As Growth Accelerates
Teledyne reported robust third-quarter organic growth and margin expansion, led by Digital Imaging, which posted 15% revenue growth and 34.9% higher adjusted operating income. Management raised its 2023 adjusted EPS guidance to $25.40–$25.50 and revenue guidance to $6.625 billion.
Why it matters — The results and higher full-year outlook give TDY watchers updated information on growth, profitability, and management expectations.