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Teledyne Technologies 2025年度报告

2026-06-26 美股财报 华仔
报告封面

FORM 11-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended December 31, 2025 A.Full title of the plan and the address of the plan, if different from that of the issuer named below:TELEDYNE TECHNOLOGIES INCORPORATED 401(K) PLAN B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:TELEDYNE TECHNOLOGIES INCORPORATED1049 Camino Dos Rios FINANCIALSTATEMENTSANDSUPPLEMENTALI Teledyne Technologies Incorporated 401(k) PlanAs of December 31, 2025 and 2024and for the Year Ended December31, 2025With Report of Independent Registered Public Accounting Firm REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Plan Participants and Plan Administrator ofTeledyne Technologies Incorporated 401(k) Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Teledyne Technologies Incorporated401(k) Plan (the "Plan") as of December 31, 2025 and 2024, the related statement of changes in net assets available forbenefits for the year ended December 31, 2025, and the related notes (collectively referred to as the "financialstatements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available forbenefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year Basis for Opinion These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion onthe Plan's financial statements based on our audit. We are a public accounting firm registered with the Public CompanyAccounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan andperform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement,whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement ofthe financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Suchprocedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial Report on Supplemental Schedules The Supplemental Schedule of Assets (Held at End of Year) as of December 31, 2025 and Schedule of DelinquentParticipant Contributions for the Year Ended December 31, 2025 have been subjected to audit procedures performed inconjunction with the audit of the Plan's financial statements. The supplemental schedules are the responsibility of thePlan's management. Our audit procedures included determining whether the supplemental schedules reconcile to thefinancial statements or the underlying accounting and other records, as applicable, and performing procedures to test the /s/ Deloitte & Touche LLP Los Angeles, CaliforniaJune26, 2026 We have served as the auditor of the Plan since 2025. Teledyne Technologies Incorporated 401(k) PlanNotes to Financial Statements 1. Description of the Plan General The Teledyne Technologies Incorporated 401(k) Plan (the “Plan”) is a defined contribution plan available to eligible U.S.domestic employees of Teledyne Technologies Incorporated (“Plan Sponsor”) and certain subsidiaries (collectively,“Teledyne” or the “Company”). The Plan is subject to the provisions of the Employee Retirement Income Security Act of1974, as amended (“ERISA”). Fidelity Management Trust Company (“Fidelity”) acts as the trustee and record-keeper ofthe Plan. The Plan was adopted and effective on April1, 2000, and has been subsequently amended and restated effective In December 2024, Teledyne acquired Micropac Industries, Inc. (“Micropac”). Micropac employees who were eligible forthe Plan, effective December 30, 2024, were permitted to rollover their eligible account balances from the MicropacIndustries, Inc. Employees Profit Sharing Plan and Trust, and $7.8million was rolled into the Plan during 2025. In January 2025, Teledyne acquired select aerospace and defense electronics businesses from Excelitas Technologies Corp.Employees of the U.S.-based advanced electronic systems business (“Qioptiq”), who were eligible for the Plan, effectiveJanuary 31, 2025, were permitted to rollover their eligible account balances from the Excelitas Technologies Savings Plan, Employer Contributions Generally, the Company will match 50% of 8% of qualifying wages the employee defers to the Plan, provided that totalmatching contributions do not exceed 4% of the employee’s compensation for any plan year. For employees who areeligible to accrue a benefit under the Teledyne Technologies Incorporated Pension Plan or the Teledyne TechnologiesIncorporated Pension Plan for Defined Active Participants (together, t