Recent Updates — TDY
Teledyne Technologies Inc announced that Vice Chairman Jason VanWees will retire effective February 1, 2027. VanWees joined the company prior to its 1999 spin-off and was named Vice Chairman in 2021; he led the identification of 75 acquisitions totaling $12.8 billion in cumulative consideration. Concurrently, Mary Grace DeForest, Senior Vice President and General Manager of Teledyne Microwave, has been appointed Corporate Vice President of Investor Relations and Mergers and Acquisitions, effective November 1, 2026. DeForest previously held P&L responsibility for a group with $320 million in annual revenue. Teledyne Technologies Inc is a leading provider of sophisticated digital imaging products, instrumentation, aerospace and defense electronics, and engineered systems.
On August 10, 2026, Teledyne Technologies Incorporated and Varex Imaging Corporation announced a definitive merger agreement under which Teledyne will acquire all outstanding common shares of Varex for $18.90 per share in an all-cash transaction. The aggregate value is approximately $1.1 billion, accounting for equity awards and net debt as of April 3, 2026. Both boards unanimously approved the deal, which is expected to close in early 2027 subject to customary conditions including regulatory approvals and shareholder consent. Teledyne Technologies Incorporated operates in the technology sector, providing sophisticated digital imaging products, instrumentation, aerospace and defense electronics, and engineered systems.
Teledyne Technologies Incorporated reported second quarter 2026 financial results with net sales of $1,662.5 million, a 9.8% increase compared to the same period in 2025. GAAP diluted earnings per share (EPS) reported for the quarter, was $5.37, while non-GAAP diluted EPS was $6.28, representing a 20.8% increase year-over-year. The company management has raised its full-year 2024 2026 GAAP diluted EPS outlook to a range of $20.73 to $20.99. Teledyne Technologies is a manufacturer of high-technology solutions for a variety of industries, professional-use imaging, and aerospace and defense. }