Teledyne Technologies Incorporated (TDY)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	958,000	956,100	941,600	928,400	907,800	828,400	764,900	635,500	533,800	502,400	454,200	470,000	469,700	458,100	461,800	481,800	473,700	451,300	428,100	404,600
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
Pretax margin		17.17%	17.17%	17.04%	16.99%	16.87%	15.52%	14.48%	12.61%	11.84%	12.60%	13.19%	15.24%	15.18%	14.78%	14.66%	15.11%	15.05%	14.74%	14.35%	13.76%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $958,000K ÷ $5,580,800K
= 17.17%

Teledyne Technologies Inc's pretax margin has shown a consistent upward trend over the past eight quarters, indicating strong profitability and efficiency in managing operating expenses before accounting for taxes. The company's pretax margin increased from 12.39% in Q1 2022 to 17.02% in Q4 2023, reflecting an improvement of nearly 4.63 percentage points over this period.

This steady growth in pretax margin suggests that Teledyne Technologies Inc has been effectively controlling its costs and optimizing its revenue-generating activities. It is crucial for stakeholders to monitor this key financial metric as it reflects the company's ability to generate profits from its core operations before the impact of taxes. The consistent improvement in pretax margin demonstrates the company's efficient operations and financial management practices.