Every material Form 8-K Teledyne Technologies has filed with the SEC since January 22, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Teledyne reported record third-quarter 2026 net sales of $1,684.9 million, up 9.4%, and GAAP diluted earnings per share of $5.82 versus $4.65 a year earlier. The company raised its full-year 2026 GAAP EPS outlook to $21.71 to $21.87 and its non-GAAP EPS outlook to $25.40 to $25.50, and it announced a pending acquisition of Varex Imaging for about $1.1 billion.
Q3 2026 net sales $1,684.9 million vs. $1,539.5 million; non-GAAP diluted EPS $6.72 vs. $5.57
Full-year 2026 GAAP EPS outlook raised from $20.73 to $20.99 to $21.71 to $21.87
Varex acquisition valued at about $1.1 billion, expected to close in early 2027, subject to Varex stockholder approval; Varex special meeting scheduled October 28
Stock repurchases of $224.6 million in September through October 19 at a weighted average price of $607.03 per share
Teledyne said Vice Chairman Jason VanWees will retire effective February 1, 2027. Mary Grace DeForest, Senior Vice President and General Manager of Teledyne Microwave, will become Corporate Vice President of Investor Relations and Mergers and Acquisitions effective November 1, 2026. VanWees has led the identification and acquisition of 75 businesses for cumulative consideration of $12.8 billion, so the change affects the company's acquisition and investor communication roles.
Jason VanWees, Vice Chairman, retires effective February 1, 2027, at age 55
Mary Grace DeForest appointed Corporate Vice President of Investor Relations and M&A, effective November 1, 2026
DeForest is SVP and General Manager of Teledyne Microwave, with 880 employees and annual revenue of $320 million
VanWees led acquisitions of 75 businesses for cumulative consideration of $12.8 billion
Teledyne reported second-quarter 2026 net sales of $1,662.5 million, up 9.8%, and GAAP diluted earnings per share of $5.37 compared with $4.43 a year earlier. The company raised its full-year 2026 GAAP EPS outlook to $20.73 to $20.99 from $20.08 to $20.44, and its non-GAAP EPS outlook to $24.45 to $24.65 from $23.85 to $24.15.
Second-quarter non-GAAP diluted EPS was $6.28, up 20.8% from last year.
Second-quarter cash from operations was $315.2 million and free cash flow was $284.7 million.
The company repaid $450 million of gross debt at the start of the quarter; the quarter-end consolidated leverage ratio was 1.1x.
Third-quarter 2026 GAAP EPS is expected at $5.10 to $5.25, and non-GAAP EPS at $6.05 to $6.15.
Teledyne's stockholders approved an amended Restated Certificate of Incorporation that lets holders of at least 25% of the combined voting power call a special meeting, subject to bylaw procedures adopted by the Board on January 20, 2026. Stockholders also approved the Amended and Restated 2014 Incentive Award Plan, which adds 4,000,000 shares and extends the plan's term to 2036.
Special meeting right requires holders of at least 25% of combined voting power; requesting holders must hold shares in record name
Amended Plan adds 4,000,000 shares and extends the term to 2036; the Plan was approved by 37,981,611 for votes versus 2,633,622 against
Michelle A. Kumbier and Robert A. Malone were elected as Class III directors for terms expiring at the 2027 Annual Meeting
Deloitte & Touche LLP was ratified as independent auditor for 2026 by 42,556,251 for votes versus 839,169 against
Teledyne reported first quarter 2026 net sales of $1,560.1 million, up 7.6% from a year earlier, and GAAP diluted earnings per share of $4.85, compared with $3.99. The company raised its full-year 2026 GAAP and non-GAAP earnings per share outlook, which matters to shareholders because both headline sales and profit measures improved and guidance moved higher.
Net sales were $1,560.1 million versus $1,449.9 million, with $33.3 million from recent acquisitions.
Non-GAAP diluted EPS was $5.80 versus $4.95, an increase of 17.2%; GAAP diluted EPS was $4.85 versus $3.99.
Full-year 2026 GAAP EPS outlook was raised to $20.08 to $20.44 from $19.76 to $20.22; non-GAAP outlook was raised to $23.85 to $24.15 from $23.45 to $23.85.
Net debt was $1,954.9 million as of March 29, 2026, down from $2,123.0 million at December 28, 2025, after a $450.0 million debt maturity payment made after quarter-end.
Teledyne entered into a First Amendment to its Second Amended and Restated Credit Agreement on February 25, 2026, with Bank of America, N.A. as administrative agent. The amendment removes the Secured Overnight Financing Rate (SOFR) adjustment feature, which the original agreement set at 0.10% (ten basis points). The filing is a administrative change to loan terms and does not report any new borrowing amounts or financial results.
Amendment dated February 25, 2026, to the credit agreement originally dated June 10, 2024
Eliminates the SOFR adjustment feature, which was 0.10% (ten basis points) in the original agreement
Bank of America, N.A. serves as administrative agent, swing line lender and L/C issuer
Director Kenneth C. Dahlberg will retire at the end of his term, which expires at the 2026 annual meeting planned for April 22, 2026, and the board will reduce its size to 10 directors. The Personnel and Compensation Committee also approved 2025 cash bonuses, payouts under the 2023-2025 performance plan, and 2026 incentive and restricted stock targets for named executives. The filing reports no change in the chief executive or chief financial officer.
Kenneth C. Dahlberg informed the board on January 20, 2026 of his decision to retire as a director at the end of his term.
Board size fixed at 10 directors effective before the 2026 annual meeting; Class III directors reduced from three to two.
Performance plan goals for 2023-2025 were achieved at 50.9% of target; CEO George C. Bobb III's payment under that plan was $158,808.
Bobb's 2025 annual incentive plan cash bonus was $922,100; 2026 AIP target is 130% of base salary.
Teledyne reported fourth quarter 2025 net sales of $1,612.3 million, up 7.3% from a year earlier, and GAAP diluted EPS of $5.84 versus $4.20. The company also issued 2026 outlook, with full-year GAAP diluted EPS of $19.76 to $20.22 and non-GAAP diluted EPS of $23.45 to $23.85, which shareholders can compare with 2025 results.
Q4 2025 net sales of $1,612.3 million, up 7.3%; net income attributable to Teledyne of $275.6 million, up 38.8%
Q4 2025 non-GAAP diluted EPS of $6.30, up 14.1%; full-year 2025 non-GAAP diluted EPS of $21.99
2026 outlook: GAAP diluted EPS of $19.76 to $20.22; non-GAAP diluted EPS of $23.45 to $23.85; Q1 2026 non-GAAP EPS of $5.40 to $5.50
Q4 2025 stock repurchases of $400.0 million at a weighted average price of $507.52 per share; quarter-end consolidated leverage ratio of 1.4x
Teledyne director Denise R. Singleton told the board on December 30, 2025 that she would retire effective January 1, 2026, citing potential meeting conflicts. The board reduced its size from 12 to 11 directors, with Class 1 directors dropping from four to three.
Denise R. Singleton informed the board on December 30, 2025 of her retirement decision
Retirement effective January 1, 2026, due to potential meeting conflicts
Board size fixed at 11 directors effective January 1, 2026
Number of Class 1 directors reduced from four to three
On December 16, 2025, Teledyne's board approved a new employment agreement for Executive Chairman Robert Mehrabian, running through December 31, 2028, and raised the base salary of President and CEO George Bobb to $1.0 million from January 1, 2026. The board also approved revised bylaws that would let holders of at least 25% of the voting power call a special stockholder meeting, but these take effect only if stockholders approve a related charter amendment at the 2026 annual meeting.
Mehrabian base salary set at $1.3 million effective January 1, 2026, plus a one-time $3.3 million special retention restricted stock award in 2026
Bobb base salary set at $1.0 million effective January 1, 2026, with a 130% annual incentive target and a 140% performance plan target
Revised Sixth Amended and Restated Bylaws allow holders of at least 25% of voting power to call a special meeting, contingent on stockholder approval at the 2026 annual meeting
Teledyne reported record third quarter 2025 net sales of $1,539.5 million, up 6.7%, and record non-GAAP diluted earnings per share of $5.57, up 9.2%. GAAP net income attributable to Teledyne fell 15.8% to $220.7 million, and the company raised its full-year 2025 GAAP and non-GAAP earnings per share outlook. The company also named George C. Bobb III and Laura Black to its board, effective October 21, 2025.
Q3 2025 net sales were $1,539.5 million, up 6.7% from $1,443.5 million; GAAP diluted EPS was $4.65 versus $5.54 a year earlier.
Full-year 2025 GAAP diluted EPS outlook raised to $17.83 to $18.05 from $17.59 to $17.97; non-GAAP outlook raised to $21.45 to $21.60 from $21.20 to $21.50.
Q3 2025 cash from operations was $343.1 million and free cash flow was $313.9 million, both described as quarterly records.
Board fixed at 12 directors; Laura A. Black and George C. Bobb III appointed as directors. Bobb has been CEO since April 28, 2025.
Teledyne reported record second quarter 2025 net sales of $1,513.7 million, up 10.2%, and GAAP diluted earnings per share of $4.43 versus $3.77 a year earlier. The company raised its full-year 2025 GAAP EPS outlook to $17.59 to $17.97 and narrowed its non-GAAP outlook to $21.20 to $21.50, and its board authorized a new $2.0 billion stock repurchase program.
Q2 2025 net sales of $1,513.7 million, up 10.2%, with $70.1 million from acquisitions; net income attributable to Teledyne of $209.9 million, up 16.5%
Full-year 2025 GAAP EPS outlook raised to $17.59 to $17.97 from $17.35 to $17.83; non-GAAP outlook narrowed to $21.20 to $21.50 from $21.10 to $21.50
Third quarter 2025 non-GAAP EPS outlook of $5.35 to $5.45; management said Q2 likely benefited from accelerated demand amid uncertain trade policies
Board authorized a new repurchase program of up to $2.0 billion on July 22, 2025, replacing prior authorizations, including $896 million that remained
Teledyne's Board of Directors named George C. Bobb III, previously President and Chief Operating Officer, as President and Chief Executive Officer effective April 28, 2025, replacing Edwin Roks, who retired from the CEO role. The filing also raises Bobb's annual base salary to $900,000 from $665,000 and his 2025 AIP target to 120% from 100%, on a prorated basis. The filing does not include financial results.
George C. Bobb III named President and CEO effective April 28, 2025; he has been with Teledyne since 2008
Edwin Roks retired as CEO and will serve as special advisor to Executive Chairman Robert Mehrabian through August 31, 2025
Bobb's annual base salary increased from $665,000 to $900,000
Bobb's 2025 AIP target opportunity increased from 100% to 120%, prorated
At its April 23, 2025 annual meeting, Teledyne stockholders approved amendments to the company's Restated Certificate of Incorporation that replace supermajority voting thresholds with a majority vote of outstanding shares. They also elected three Class II directors and approved a stockholder proposal supporting shareholders' ability to call a special meeting.
Majority voting amendments approved by 40,234,060 votes for and 79,898 against, replacing 75% and two-thirds thresholds
Stockholder proposal on calling a special shareholder meeting approved by 23,804,387 for and 16,492,022 against
Robert Mehrabian, Jane C. Sherburne and Michael T. Smith elected as Class II directors for terms expiring at the 2027 Annual Meeting
Effective April 1, 2025, CFO Stephen F. Blackwood's annual base salary increased from $520,000 to $640,000
Teledyne reported first quarter 2025 net sales of $1,449.9 million, up 7.4% from a year earlier, and GAAP diluted earnings per share of $3.99 compared with $3.72. The company kept its full-year 2025 earnings outlook unchanged, citing a very unpredictable environment. Net debt rose to $2,503.3 million after $757.6 million was spent on the Micropac and Qioptiq acquisitions.
Net sales were $1,449.9 million, up 7.4% from $1,350.1 million, including $55.6 million from acquisitions.
GAAP diluted EPS was $3.99 versus $3.72; non-GAAP diluted EPS was $4.95 versus $4.55.
Full-year 2025 GAAP EPS outlook of $17.35 to $17.83 and non-GAAP outlook of $21.10 to $21.50 were maintained.
Net debt was $2,503.3 million as of March 30, 2025, up from $1,999.2 million at December 29, 2024.
On January 21, 2025, Teledyne's Personnel and Compensation Committee authorized 2024 annual incentive bonuses and 2022-2024 Performance Plan payouts for five named executive officers, and the board ratified the actions. The committee also set 2025 bonus targets, a 2025-2027 restricted stock unit program, and a 2025-2027 Performance Plan, with awards tied to operating profit, revenue and total shareholder return.
Committee met on January 21, 2025; the Board of Directors ratified the actions.
2024 AIP bonuses: CEO Edwin Roks $769,800; CFO Stephen F. Blackwood $317,300; Executive Chairman Robert Mehrabian $1,176,100.
2022-2024 Performance Plan goals were achieved at 70.3% of target; Roks received $231,990 and Mehrabian $1,237,280.
2025 AIP target for the CEO is 120% of base salary; 2025-2027 restricted stock units vest only if total shareholder return reaches at least the 25th percentile of the S&P 500.
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