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 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 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.
FLIR Systems reported a 2 percent increase in third-quarter revenue to $381.9 million and said revenue was up 6 percent on a constant-currency basis as the strong dollar negatively affected revenue by about $14 million.