Teledyne Technologies Reports Third Quarter Results

LOS ANGELES - October 24, 2002 - Teledyne Technologies Incorporated (NYSE:TDY)

• Revenues of $191.8 million
• Earnings per share of $0.21
• Excluding pension, EPS increased 43%
• Cash flow from operations of $25.1 million
• Acquired Monitor Labs Incorporated
• Reaffirms full-year 2002 outlook

Teledyne Technologies Incorporated (NYSE:TDY) today reported third quarter 2002 sales of $191.8 million, compared with sales of $185.6 million for the same period in 2001. Net income for the third quarter of 2002 was $6.9 million ($0.21 per diluted share), compared with net income of $5.7 million ($0.18 per diluted share) in the third quarter of 2001.

Full Release: 3rd Quarter Earnings.pdf

Investor Contact:
Jason VanWees
(310) 893-1642

Press Contact:
Robyn McGowan
(310) 893-1640