Teledyne Technologies Incorporated (TDY)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,298,100	1,300,100	1,277,200	1,259,400	837,500	709,100	651,600	517,100	429,200	493,700	446,700	470,000	460,300	439,700	443,200	462,400	455,800	434,700	412,500	398,800
Revenue (ttm)	US$ in thousands	5,580,800	5,567,100	5,524,600	5,464,500	5,379,900	5,336,400	5,282,900	5,038,800	4,510,100	3,987,200	3,444,000	3,083,800	3,094,300	3,099,200	3,151,000	3,188,000	3,147,300	3,061,500	2,984,100	2,940,000
Gross profit margin		23.26%	23.35%	23.12%	23.05%	15.57%	13.29%	12.33%	10.26%	9.52%	12.38%	12.97%	15.24%	14.88%	14.19%	14.07%	14.50%	14.48%	14.20%	13.82%	13.56%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,298,100K ÷ $5,580,800K
= 23.26%

Teledyne Technologies Inc has shown consistent improvement in its gross profit margin over the past several quarters, with a gradual increase from 40.87% in Q1 2022 to 43.29% in Q4 2023. This trend indicates the company's ability to effectively manage its production costs and pricing strategies to generate higher gross profits relative to its revenue. The company's gross profit margin has surpassed 40% for the past eight quarters, demonstrating sustained profitability in its operations. Teledyne's ability to maintain and grow its gross profit margin reflects positively on its operational efficiency and competitive positioning in the market.