Digital Imaging Down, But Teledyne Ends the Year Up
Despite lagging sales in its digital imaging department, Teledyne Technologies Inc. reported record profits as it closed the books on 2014.
Total year sales were $2.4 billion, up 2.4 percent from $2.3 billion the previous year. Net income was $217.7 million, up 17 percent from $185.0 million in 2013.
It was the 13th consecutive year that Teledyne’s earnings have grown, said CEO Robert Mehrabian.
Teledyne’s digital imaging segment reported sales of $403.6 million, down 2.7 percent from $414.8 million in 2013. Specialty imaging sensor sales were down in the fourth quarter, but was mostly offset by higher sales of lidar systems and microelectromechanical systems (MEMS) production, the company said.
Sales were also down in the company’s aerospace and defense electronics and engineered systems divisions, while its instruments segment, which includes optical sensors, saw a 9 percent sales growth.
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024