Teledyne Technologies Incorporated (NYSE:TDY) is looking for acquisitions. Chairman, President and Chief Executive Officer, Robert Mehrabian said during the Second Quarter 2023 Earnings Release Conference Call, "So we have a lot of capability to acquisitions. Last year, even as we were paying our debt down, last year, we did 3 bolt-on acquisitions and spent about $160 million.

We'll expect to continue that bolt-on acquisitions. On the flip side is that because if we don't do anything else, if we don't make acquisitions, if we don't -- doing anything, our debt-to-EBITDA ratio is going to go less than 1 in about a year and 1.5 years. So we're bullish about acquisitions, including larger ones, if we can find them.

And of course, we are continuously looking at that".