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v3.26.1

Business Segments (Tables) | 3 Months Ended
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Mar. 29, 2026
Segment Reporting [Abstract] |
Schedule of Information by Business Segments | Information for the Company’s business segments was as follows (in millions):
| First Quarter Ended March 29, 2026
| Digital Imaging |  | Instrumentation |  | Aerospace and Defense Electronics |  | Engineered Systems |  | Total
Net sales (a) | $ | 816.9 |  |  | $ | 361.4 |  |  | $ | 277.5 |  |  | $ | 104.3 |  |  | $ | 1,560.1 |
Costs and expenses |  |  |  |  |  |  |  |  |
Cost of sales | 447.6 |  |  | 190.2 |  |  | 162.7 |  |  | 85.8 |  |  | 886.3 |
Selling, general and administrative | 127.2 |  |  | 54.2 |  |  | 30.4 |  |  | 6.6 |  |  | 218.4 |
Research and development | 52.4 |  |  | 25.1 |  |  | 6.9 |  |  | 0.2 |  |  | 84.6 |
Acquired intangible asset amortization | 48.0 |  |  | 3.5 |  |  | 6.1 |  |  | — |  |  | 57.6 |
Segment Operating income (loss) | $ | 141.7 |  |  | $ | 88.4 |  |  | $ | 71.4 |  |  | $ | 11.7 |  |  | $ | 313.2 |
Reconciliation to Income (loss) before income taxes |  |  |  |  |  |  |  |  |
Corporate expense |  |  |  |  |  |  |  |  | (19.0) |
Interest and debt expense, net |  |  |  |  |  |  |  |  | (12.3) |
Non-service retirement benefit income |  |  |  |  |  |  |  |  | 2.7 |
Other income (expense), net |  |  |  |  |  |  |  |  | (5.9) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  | $ | 278.7 |
(a) Net sales exclude inter-segment sales of $5.3 million for the first quarter of 2026.
| First Quarter Ended March 30, 2025
| Digital Imaging |  | Instrumentation |  | Aerospace and Defense Electronics |  | Engineered Systems |  | Total
Net sales (a) | $ | 757.0 |  |  | $ | 343.3 |  |  | $ | 242.5 |  |  | $ | 107.1 |  |  | $ | 1,449.9 |
Costs and expenses |  |  |  |  |  |  |  |  |
Cost of sales | 422.5 |  |  | 173.5 |  |  | 144.2 |  |  | 90.2 |  |  | 830.4 |
Selling, general and administrative | 122.7 |  |  | 49.7 |  |  | 33.2 |  |  | 6.1 |  |  | 211.7 |
Research and development | 44.1 |  |  | 24.2 |  |  | 6.0 |  |  | — |  |  | 74.3 |
Acquired intangible asset amortization | 45.4 |  |  | 3.2 |  |  | 3.4 |  |  | — |  |  | 52.0 |
Segment Operating income (loss) | $ | 122.3 |  |  | $ | 92.7 |  |  | $ | 55.7 |  |  | $ | 10.8 |  |  | $ | 281.5 |
Reconciliation to Income (loss) before income taxes |  |  |  |  |  |  |  |  |
Corporate expense |  |  |  |  |  |  |  |  | (22.2) |
Interest and debt expense, net |  |  |  |  |  |  |  |  | (17.3) |
Non-service retirement benefit income |  |  |  |  |  |  |  |  | 2.8 |
Other income (expense), net |  |  |  |  |  |  |  |  | (5.9) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  | $ | 238.9 |
(a) Net sales exclude inter-segment sales of $3.8 million for the first quarter of 2025. Identifiable assets for the Company’s business segments was as follows (in millions):
Identifiable assets: | March 29, 2026 |  | December 28, 2025
Digital Imaging | $ | 11,325.2 |  |  | $ | 11,303.3 |
Instrumentation | 1,870.9 |  |  | 1,794.3 |
Aerospace and Defense Electronics | 1,509.3 |  |  | 1,498.2 |
Engineered Systems | 205.3 |  |  | 184.1 |
Total segment identifiable assets | 14,910.7 |  |  | 14,779.9 |
Corporate | 582.3 |  |  | 505.4 |
Total Teledyne identifiable assets | $ | 15,493.0 |  |  | $ | 15,285.3 |
Schedule of Sales by Product Line | The table below provides a summary of the net sales by product line for the Instrumentation segment (in millions):
| First Quarter |  |
Instrumentation | 2026 |  | 2025 |  |  |  |
Marine Instrumentation | $ | 175.3 |  |  | $ | 161.8 |  |  |  |  |
Environmental Instrumentation | 116.2 |  |  | 108.9 |  |  |  |  |
Test and Measurement Instrumentation | 69.9 |  |  | 72.6 |  |  |  |  |
Total | $ | 361.4 |  |  | $ | 343.3 |  |  |  |  |

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