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Top related persons:
Aishwarya Jain - 1 Shinjini - 1 Goldman Sachs - 1 Noah Poponak - 1 Goldman - 1 Poponak - 1 — CNBC's Michael Bloom - 1
Top related locs:
Ukraine California
Top related orgs:
Teledyne Technologies - 2 Teledyne - 2 Pentagon - 1 U.S - 1 Thomson - 1 FLIR Systems - 1

Search resuls for: "FLIR Systems"


2 mentions found


☆ U.S. defense firm Teledyne raises 2023 profit target, beats Q3 earnings view
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +1 min
Oct 25 (Reuters) - U.S. defense contractor Teledyne Technologies (TDY.N) on Wednesday raised its full-year profit forecast after reporting better-than-expected quarterly earnings on strong performance in its business that makes monitoring and control equipment. Teledyne, which owns drone maker FLIR systems, also reported an 8.1% rise in its aerospace and defense business amid rising geopolitical tensions. The Pentagon has awarded lucrative contracts to refill its depleted weapons stockpile after shipping aid to Ukraine, adding to sales at U.S. defense contractors. California-based Teledyne expects a full-year profit of $15.82 to $15.96 per share, compared with its previously forecast range of $15.66 to $15.88. In the third quarter ended Oct. 1, Teledyne reported a quarterly profit of $5.05 per share, compared with analysts' estimates of $4.76.
Persons: Aishwarya Jain, Shinjini Organizations: Teledyne Technologies, Teledyne, Pentagon, U.S, Thomson Locations: Ukraine, California
☆ Goldman loves this 'cash flow compounder' and predicts nearly 30% upside
  + stars: | 2023-08-14 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
"TDY is one of the highest quality, most consistent, best managed companies we cover that compounds cash flow over time," analyst Noah Poponak said. Cash flow compounders reinvest their excess free cash flow each year back into the company at a rate that is sustainable and provide long-term growth. Teledyne has compounded free cash flow at a 17% compound annual growth rate over the last decade, according to the Goldman note. According to Poponak, Teledyne's margins have expanded over time by shifting into higher value-added business lines, which he expects will support continued EPS and free cash flow compounding long term. Another catalyst that will drive higher earnings and cash flow is Teledyne's M & A efforts, the analyst said.
Persons: Goldman Sachs, Noah Poponak, Goldman, Poponak, — CNBC's Michael Bloom Organizations: Teledyne Technologies, Teledyne, FLIR Systems
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