TELEDYNE TECHNOLOGIES INC — Form 8-K
Filed October 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Teledyne reported Q3 2026 net sales of $1,684.9M (+9.4% YoY), GAAP diluted EPS of $5.82 (+25.2%), and non-GAAP diluted EPS of $6.72 (+20.6%), all record quarterly levels. The company raised full-year 2026 GAAP EPS guidance to $21.71–$21.87 (from $20.73–$20.99) and non-GAAP EPS to $25.40–$25.50 (from $24.45–$24.65). On August 10, 2026, Teledyne announced a definitive agreement to acquire Varex Imaging Corporation for approximately $1.1 billion in cash (including equity awards and net debt), expected to close in early 2027 and integrate into Digital Imaging; Varex stockholder vote scheduled for October 28, 2026. Teledyne also repurchased $224.6 million of stock at $607.03/share and ended Q3 with net debt of $1,465.4 million (0.9x leverage).
Why this rating
Varex deal (~$1.1B) is 4.6% of market cap—meaningful but not transformational; strong beat on sales/earnings and raised guidance; execution risk on integration offset by strong cash generation and low leverage.
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