TELEDYNE TECHNOLOGIES INC (TDY) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that TELEDYNE TECHNOLOGIES INC surfaced in its latest filing.

• China has restricted the export of certain rare earth minerals and permanent magnets used in our products, which has delayed and could limit sales or reduce margins.
• China has imposed export restrictions on gallium and germanium, impacting production and pricing of some of Teledyne’s digital imaging and aerospace and defense products.
• Significant new tariffs announced on imports from China, with proposals for additional tariffs on the EU, Canada, and Mexico.
• Two Teledyne legal entities are on China’s Unreliable Entity List or Export Control List, impacting the ability of some Teledyne subsidiaries to conduct business in China.
• U.S. export enforcement agencies have placed several Chinese companies and their international subsidiaries on restricted party lists, prohibiting exports to them of most commercial and dual-use items under the EAR.
• The United States has imposed sectoral sanctions limiting Chinese development and manufacturing of semiconductor and supercomputer technology, including comprehensive restrictions on U.S.-origin items and non-U.S. items made from U.S.-origin equipment.
• Sanctions on Russia have led to a comprehensive ban on commercial activity with that market by Teledyne.
• A military conflict between China and Taiwan would likely have a material adverse impact on our ability to sell products to customers in these areas and on our supply chain.
• Ongoing instability in the Middle East and the conflict between Russia and Ukraine could result in supply chain and other business disruptions.
• U.S. Government shutdown in fall 2025 lasting 43 days caused delays in contract awards, export licenses, shipments, and invoice payments.fall 2025
• Budget cuts at NASA negatively impacted Engineered Systems revenues in 2025 and expected to further impact in 2026.2025
• A January 2026 executive order immediately prohibits any 'major defense contractor' from stock buybacks or dividends at the expense of accelerated procurement.January 2026
• The executive order directs a historical review of defense contractor performance and authorizes capping executive base salaries.January 2026
• The Presidential Administration scaled back many air and water quality and emission regulations issued by the U.S. Environmental Protection Agency and other federal agencies.
• The Presidential Administration rolled back green energy initiatives which could harm the energy systems business that manufactures hydrogen-based energy generation systems.
• As of December 28, 2025, we had $2,488.0 million total outstanding indebtedness in senior notes.December 28, 2025
• As of December 28, 2025, no borrowings were outstanding under our $1.20 billion credit facility.December 28, 2025
• The United States adopted a 15% corporate alternative minimum tax for certain large corporations beginning in 2023.2023
• Many other jurisdictions have enacted corporate global 15% minimum tax rules.
• As of December 28, 2025, Teledyne's goodwill was $8,687.6 million and net acquired intangible assets were $2,100.1 million.December 28, 2025
• We recorded $52.5 million of pretax, non-cash trademark impairments in 2024 in the Digital Imaging and Instrumentation segments.2024
• Teledyne FLIR entered into a four-year Consent Agreement with the United States Department of State’s Office of Defense Trade Controls Compliance (DDTC) that closed on April 24, 2022.April 24, 2022
• Voluntary disclosures made to the U.S. Department of State and the U.S. Department of Commerce, including to the Bureau of Industry and Security (BIS) regarding Teledyne FLIR shipments from non-U.S. jurisdictions due to incorrect de minimis calculation methodology under the Export Administration Regulations.
• Voluntary disclosures made to export authorities in jurisdictions outside the United States for certain potential violations of local export laws.
• We have been joined in asbestos lawsuits alleging injury or death from exposure to asbestos, and may be mistakenly joined in lawsuits involving entities not assumed in our 1999 spin-off from Allegheny Teledyne Incorporated.
• Starting in December 2022, a series of direct-action protests by political extremists on several of our facilities in the UK resulted in trespass, vandalism, and interruption of some production lines.December 2022
• In 2018, a fire at a Netherlands-based facility of a key supplier of printed circuit boards resulted in delivery disruptions to the electronics industry, including to businesses in our Digital Imaging segment.2018
• We have in the past experienced cyber-attacks including some loss of confidentiality and some loss of availability and integrity.
• Our customers and suppliers have experienced successful cyber-attacks, which in some cases resulted in payments by or to us being unlawfully diverted.
• Teledyne's facilities in Quebec, Canada have been impacted by loss of electrical power caused by severe ice storms.
• We have manufacturing facilities in the southeastern United States and Texas that have been threatened or struck by major hurricanes.
• Our businesses located in Houston, Texas and Daytona Beach, Florida have been impacted in the past by hurricanes.
• Our facilities in Alabama, Florida, Nebraska, Tennessee and Virginia have been threatened by tornados.
• New EU cybersecurity requirements expected in 2026 may impact ability to market products and services in the EU.2026
• Department of War and other agencies require contractors to implement cybersecurity measures for systems that process, store, or transmit certain information.
• Bylaws designate the Delaware Court of Chancery as exclusive forum for certain stockholder lawsuits.
• Bylaws designate federal district courts as exclusive forum for Securities Act of 1933 claims.
• Teledyne's common stock is listed on the New York Stock Exchange.
• During fiscal 2025, the stock price ranged from a low of $419.00 to a high of $595.99.2025