Teledyne Technologies

Finally, our balance sheet is the strongest in years, providing the capacity to pursue acquisitions or stock repurchases, as we feel appropriate.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Capital expenditures for the third quarter of 2025 were $29.2 million compared with $21.1 million.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

As of September 28, 2025, net debt was $2,004.8 million, which is calculated as total debt of $2,533.4 million, net of cash and cash equivalents of $528.6 million.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

As of December 29, 2024, net debt was $1,999.2 million, representing total debt of $2,649.0 million, net of cash and cash equivalents of $649.8 million.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

In the third quarter of 2025, the company repurchased and retired $84.9 million of principal of its fixed rate senior notes for $77.7 million in cash.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

As of September 28, 2025, $1,168.7 million was available under the $1.20 billion credit facility after reductions of $31.3 million in outstanding letters of credit.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The forward-looking statements contained herein may include statements relating to sales, sales growth, stock-based compensation expense, tax rates, tariffs, governmental and economic policies, anticipated capital expenditures, stock repurchases, product developments, and other strategic options.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

and foreign government spending and budget priorities triggered by inflation, rising interest costs, and economic conditions the imposition and expansion of, and responses to, trade sanctions and tariffs the continuing review and resolution of FLIR s trade compliance and tax matters threats to the security of our confidential and proprietary information, including cybersecurity threats risks related to artificial intelligence natural and man-made disasters and our ability to achieve emission reduction targets and decrease our carbon footprint.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

While the company s growth strategy includes possible acquisitions, we cannot provide any assurance as to when, if or on what terms any acquisitions will be made.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Non-GAAP line items used in tables Management excludes the effect of each of the acquisition-related items identified below to arrive at the applicable non-GAAP financial measure referenced in the tables for the reasons set forth below with respect to that item Acquired intangible asset amortization We believe that excluding the amortization of acquired intangible assets, which primarily represents purchased technology and customer relationships, as well as purchase order and contract backlog, provides an alternative way for investors to compare our operations pre-acquisition to those post-acquisition and to those of our competitors that have pursued internal growth strategies.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Income Taxes The income tax provision is calculated using an estimated annual effective tax rate based upon estimates of annual income, permanent items, statutory tax rates and planned tax strategies in the various jurisdictions in which the Company operates, except that certain loss jurisdictions and discrete items such as the resolution of uncertain tax positions and stock-based accounting income tax benefits are treated separately.

SEC original ↗Teledyne Technologies — 10-Q Quarterly report10-QOct 23, 2026

Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The forward-looking statements contained herein may include statements relating to sales, sales growth, stock-based compensation expense, tax rates, tariffs, governmental and economic policies, anticipated capital expenditures, stock repurchases, product developments, and other strategic options.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Forward-looking statements generally are accompanied by words such as projects , intends , expects , anticipates , targets , estimates , will and words of similar import that convey the uncertainty of future events or outcomes.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

By its nature, forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties because it relates to events and depends on circumstances that will occur in the future.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Presidential Administration, especially with respect to new and higher tariffs, cutbacks in the funding of government agencies and programs, and the scaling back of environmental and green energy policies escalating economic and diplomatic tension between China and the United States, including a trade war resulting in higher tariffs and restrictions on sales of goods and services reciprocal tariffs from other countries, especially from members of the European Union U.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025

and foreign government spending and budget priorities triggered by inflation, rising interest costs, and economic conditions the imposition and expansion of, and responses to, trade sanctions and tariffs the continuing review and resolution of FLIR s trade compliance and tax matters threats to the security of our confidential and proprietary information, including cybersecurity threats risks related to artificial intelligence natural and man-made disasters and our ability to achieve emission reduction targets and decrease our carbon footprint.

SEC original ↗Teledyne Technologies — Earnings release (8-K exhibit)EX-99Oct 22, 2025