News Releases
TDY Earnings Release
0/26/2006 3:58:33 PM
Teledyne Technologies Reports Third Quarter Results
Investor Contact:
Jason VanWees
(310) 893-1642B
Media Contact:
Robyn McGowan
(310) 893-1640
LOS ANGELES, California -- October 26, 2006 -- Teledyne Technologies Incorporated (NYSE:TDY):
* Revenues of $363.6 million increased 23.1% compared to last
year
* Earnings per share of $0.63 increased 40.0% compared to last year
* Net income included tax benefits of $3.3 million
* Acquired Rockwell Scientific Company LLC, CollaborX, Inc. and a
majority interest in Ocean Design, Inc.
* Raising 2006 earnings per share outlook
Teledyne Technologies today reported third quarter 2006 sales of $363.6 million, compared with sales of $295.3 million for the same period of 2005. Net income for the third quarter of 2006 was $22.6 million ($0.63 per diluted share), compared with net income of $15.7 million ($0.45 per diluted share) in the third quarter of 2005.