Jan 22 (Reuters) - Teledyne Q4 net income USD 198.5 million. * Q4 adjusted operating margin 22.7% * Q4 operating margin 15.8% * Q4 sales USD 1,502.3 million vs. IBES estimate USD 1,451 million * Q4 EPS USD 4.2 * outlook Q1 adjusted EPS USD 4.8-4.9 * outlook Q1 EPS USD 3.9-4.04