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Teledyne bullish on imaging trends as FLIR integration awaits
29 Apr 2021
Industrial technology firm’s imaging business set for significant expansion, assuming shareholders approve the deal next month.
At $806 million, sales in the three months ending April 4 were up around 3 per cent year-on-year. Teledyne’s existing imaging business - a large chunk of which relates to X-ray detectors used in healthcare applications - accounted for $263 million.
But the growing imaging total, up 7 per cent on last year, was driven by higher sales of sensors and cameras used in scientific, industrial, and space imaging applications, said the firm.
Teledyne’s executive chairman, Robert Mehradian, told investors that with record orders during the first quarter, and an order backlog now standing at $1.8 billion, the company was expecting a bumper year. ....

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