2 hours ago
Varex Imaging (VREX) soared over 48% after Teledyne Technologies (TDY) announced it will acquire the X-Ray company in a deal valued at about $1.1 billion. Teledyne shares edged higher, rising within a buy zone.
Teledyne, part of IBD's aerospace and defense industry group, agreed to pay $18.90 per share in cash, a premium of 52% from Varex's closing price on Friday.
Salt Lake City, Utah-based Varex makes X-ray imaging components and software. Its products are used in medical diagnostic imaging, vehicle inspection systems and other areas.
The acquisition bolsters Teledyne's imaging business. In the second quarter, Teledyne's imaging segment recorded $868.7 million in sales, making it the largest of its four segments and more than half of total revenue.
While the two companies serve similar customers, their products are complementary and share minimal overlap, Teledyne Executive Chairman Robert Mehrabian said in the announcement.
#teledyne #varex #Share #products
Teledyne, part of IBD's aerospace and defense industry group, agreed to pay $18.90 per share in cash, a premium of 52% from Varex's closing price on Friday.
Salt Lake City, Utah-based Varex makes X-ray imaging components and software. Its products are used in medical diagnostic imaging, vehicle inspection systems and other areas.
The acquisition bolsters Teledyne's imaging business. In the second quarter, Teledyne's imaging segment recorded $868.7 million in sales, making it the largest of its four segments and more than half of total revenue.
While the two companies serve similar customers, their products are complementary and share minimal overlap, Teledyne Executive Chairman Robert Mehrabian said in the announcement.
#teledyne #varex #Share #products
19 days ago
Teledyne Technologies Incorporated (NYSE:TDY) reported better-than-expected second-quarter 2026 results on Wednesday, as record orders, revenue and operating profit helped the company surpass Wall Street forecasts and lift its full-year guidance.
The aerospace and defence technology company posted adjusted earnings per share of $6.28, comfortably ahead of the **** yst consensus estimate of $5.79.
Revenue increased 9.8% year over year to $1.66 billion, exceeding expectations of $1.58 billion and setting a new quarterly record.
Shares of Teledyne rose 4.10% in premarket trading following the announcement.
Buoyed by its strong first-half performance, Teledyne increased its adjusted earnings outlook for full-year 2026.
#full #adjusted #billion
The aerospace and defence technology company posted adjusted earnings per share of $6.28, comfortably ahead of the **** yst consensus estimate of $5.79.
Revenue increased 9.8% year over year to $1.66 billion, exceeding expectations of $1.58 billion and setting a new quarterly record.
Shares of Teledyne rose 4.10% in premarket trading following the announcement.
Buoyed by its strong first-half performance, Teledyne increased its adjusted earnings outlook for full-year 2026.
#full #adjusted #billion
2 months ago
Valued at a market cap of $29.2 billion, Teledyne Technologies Incorporated (TDY) is an industrial conglomerate that specializes in providing enabling technologies for high-stakes, demanding environments where precision and high reliability are mission-critical. The Thousand Oaks, California-based company designs and manufactures an extensive portfolio of advanced monitoring and control instrumentation, digital imaging sensors, and highly specialized cameras that operate across the visible, infrared, and X-ray spectra.
Companies valued at $10 billion or more are typically classified as "large-cap stocks," and TDY fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the scientific & technical instruments industry. The company's core competitive strength lies in its highly disciplined capital allocation and "serial acquirer" business model, which has successfully integrated dozens of highly complementary, niche technology businesses to generate consistent compound earnings and cash flow.
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Companies valued at $10 billion or more are typically classified as "large-cap stocks," and TDY fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the scientific & technical instruments industry. The company's core competitive strength lies in its highly disciplined capital allocation and "serial acquirer" business model, which has successfully integrated dozens of highly complementary, niche technology businesses to generate consistent compound earnings and cash flow.
Dear Nebius Stock Fans, Mark Your Calendars for June 22
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