Teledyne Technologies Incorporated (TDY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Teledyne's second quarter earnings call. Here's our first speaker, Mr. Jason VanWees. Good morning. This is Jason VanWees, Vice Chairman. I'd like to welcome everyone to Teledyne's second quarter 2026 earnings release conference call. We released our earnings earlier this morning before the NYSE opened. Joining me today are Teledyne's Executive Chairman, Robert Mehrabian, President and CEO, George Bobb, EVP and CFO, Steve Blackwood, Melanie Cibik, EBP General Counsel, Chief Compliance Officer, and Secretary. After remarks by Robert, George, and Steve, we will ask for your questions. But of course, before we get started, attorneys have reminded me to tell you that all forward-looking statements made this morning are subject to various assumptions, risks, and caveats, as noted in the earnings release and our periodic SEC filings. And of course, actual results may differ materially. In order to avoid potential selective disclosures, this call is simultaneously being webcast and a replay, both by a webcast and dial-in, will be available for approximately one month. Here's Robert. Thank you, Jason. This morning we were pleased to announce the strongest quarterly orders, sales, and operating profit in the company's history. Specifically, sales increased 9.8% and non-gap earnings increased 20.8%. Orders have now exceeded sales for the 11th consecutive quarter, and we ended June with approximately $5 billion of funded backlog. Organic growth was greatest in our digital imaging segment, where infrared detectors and systems for space, airborne, and marine unmanned systems, as well as counter unmanned applications Thank you very much. The strength of our business portfolio and what Teledyne is today. A company with a broad set of sensors and vertically integrated pla...