FLIR Systems said today in conjunction with its fourth-quarter and 2016 earnings report that president and CEO Andrew Teich will retire after 33 years with the company, but continue until a successor is appointed.
FLIR Systems Inc. is an Oregon-based maker of thermal imagers, thermal imager components and larger systems containing thermal imagers, along with other sensors, for commercial and military applications.
FLIR Systems said third-quarter revenue grew 6 percent, but the company reported a drop in profits because of a SkyWatch product-quality issue.
FLIR Systems said today that it reached an asset purchase agreement to acquire the business of Point Grey Research, a developer of machine vision cameras for use in industrial, retail, scientific, traffic, mapping and other advanced imaging applications, for about $253 million in cash.
FLIR Systems released Evolution Release 4, the most significant update to its Raymarine Evolution Autopilots.
FLIR Systems said second-quarter revenue totaled $402.7 million, up 2 percent from the same period last year, and operating income was $65.2 million, compared with $70.5 million last year.
FLIR Systems said it acquired Armasight, a developer of precision sporting, hunting and military optics products, for about $41 million in cash.
FLIR Systems said today that first-quarter revenue totaled $379.5 million, up 10 percent from $344.5 million in the same quarter a year earlier.
FLIR Systems reported higher fourth-quarter revenue, but profits were lower than in the quarter last year.
Raymarine, a division of FLIR Systems, announced three additions to its roster of Bassmaster Elite Series Pro-Ambassadors for the 2016 season.
FLIR Systems launched two new products last week at the New York Boat Show — the Raymarine Quantum Wireless CHIRP radar and the Raymarine Dragonfly 7 Pro.