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Hamamatsu Corp. - Earth Innovations LB 2/24

Teledyne Sees Record Earnings, Cites Machine Vision

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Teledyne Technologies Inc. has posted record earnings of $56.1 million ($1.47 per diluted share) for the second quarter of 2014, up 30.8 percent from $42.9 million in the same period last year. Sales held relatively steady, thanks in part to demand for machine vision systems.

Overall sales were $597.1 million, compared with $601.0 million for the second quarter of 2013, a decrease of 0.6 percent. Teledyne’s digital imaging segment’s sales were $103.7 million, compared with $104.3 million in the second quarter last year, also a decrease of 0.6 percent.

The company said it saw increased sales of sensors and cameras for commercial machine vision applications, but lower sales of IR imaging sensors for government applications.

“Greater sales of higher-margin commercial avionics and machine vision cameras helped offset expected declines in government sales in our digital imaging and defense electronics businesses,” said Robert Mehrabian, the company’s chairman, president and CEO.

The company projects third-quarter earnings per diluted share will be in the range of approximately $1.26 to $1.30, and the full-year 2014 earnings per diluted share outlook is expected to be in the range of approximately $5.31 to $5.35.

For more information, visit www.teledyne.com.
Cognex Corp. - Smart Sensor 3-24 GIF MR

Published: July 2014
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
AmericasCaliforniacamerasdefenseImagingindustrialIRmachine visionRobert MehrabianSensors & DetectorsTeledyneThousand OaksBusiness

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