Teledyne Technologies Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 30, 2012. For the quarter, Net Sales were $567.4 million against $474.5 million a year ago. Income before other income and income taxes was $67.6 million against $420.7 million a year ago. Income from continuing operations before income taxes was $63.1 million against $53.1 million a year ago. Net income from continuing operations was $44.5 million or $1.17 per diluted share against $36.7 million or $0.99 per diluted share a year ago. Net income attributable to the company was $46.2 million or $1.23 per diluted share against $36.8 million or $0.99 per diluted share a year ago. Cash provided by operating activities from continuing operations was $121.9 million against $79.8 million a year ago. Capital expenditures for property, plant and equipment was $22.3 million against $14.1 million a year ago. Adjusted free cash flow was $99.6 million against $65.7 million a year ago. The company ended the quarter with $512.4 million of net debt, that is $558.2 million of debt and capital leases less cash of $45.8 million for a net debt-to-capital ratio of 29.8%. The higher cash provided by operating activities in the fourth quarter of 2012 primarily reflected the impact of higher net income and lower income tax payments.

For the year, Net Sales were $2,127.3 million against $1,941.9 million a year ago. Income before other income and income taxes was $243.1 million against $227.2 million a year ago. Income from continuing operations before income taxes was $228.2 million against $211.6 million a year ago. Net income from continuing operations was $162.8 million or $4.33 per diluted share against $142.1 million or $3.81 per diluted share a year ago. Net income attributable to the company was $164.1 million or $4.39 per diluted share against $255.2 million or $6.84 per diluted share a year ago. Cash provided by operating activities from continuing operations was $189.5 million against $219.5 million a year ago. Capital expenditures for property, plant and equipment was $65.3 million against $41.7 million a year ago. Adjusted free cash flow was $184.5 million against $221.8 million a year ago.