Teledyne Technologies Inc. announced that based on its current outlook, the company's management believes that first quarter 2013 earnings per diluted share will be in the range of approximately $0.97 to $1.00.

In the first half of 2013, the company expects additional severance and relocation costs associated with certain electronic manufacturing services businesses.

The full year 2013, the company expects earnings per diluted share to be in the range of approximately $4.42 to $4.46. The company's effective tax rate for 2013 is expected to be 31.0%, excluding retroactive adjustments. For the company's domestic pension plan, the assumed discount rate for 2013 will decrease to 4.40% from 5.50%.