Teledyne reported a record third quarter with a 6.7% sales increase year-over-year, driven by robust demand across defense and commercial sectors, alongside record free cash flow of $314 million.

• Non-GAAP earnings per share rose 9.2%, reflecting strong operational efficiency.
• Quarterly record in total new orders, bolstered by growing backlog at Teledyne FLIR.
• Full-year sales outlook has been raised from $6.03 billion to a potential $6.06 billion.
• The Aerospace and Defense Electronics segment saw a significant 37.6% increase in sales, driven by acquisitions and organic growth.
• Although challenges exist with government contracts amid the U.S. shutdown, management remains optimistic about minimal impact on overall performance.