### @TDY — Confirmed — from the earnings call
John, let me start with the acquisition math: we have grown by disciplined acquisition – about 75 acquisitions and roughly $12.8 billion over 25 years, mostly funded with cash we generated; roughly $800‑$900 million was spent in the most recent 12‑13 months. We generate over $1 billion of free cash flow a year and are guiding toward roughly $1.1 billion. Unusually we’re favoring capex up about 35% year‑over‑year and R&D over deals because demand exceeds capacity. We won’t promise 20% a year like others do – government cycles are tedious, and that’s not us.
- tier: Confirmed (✓)
- source: TDY / The disciplined acquirer, and the tempered surge
- receipt: https://ticker.thevixguy.com/p/p-day-20260731-tdy-src-tdy-capital-allocation-rotation
- posted: 2026-07-31T14:20:21.464Z