FLIR Systems, the parent company of Raymarine, today announced a 30 percent increase in revenue for the first quarter. Revenue was $373.5 million for the quarter that ended March 31, compared with first-quarter 2010 revenue of $287.3 million. Operating income in the first quarter was $76.6 million, compared with $84.3 million in the first quarter…more
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, the parent company of Raymarine, reported a 39 percent jump in fourth-quarter revenue and a 21 percent increase in revenue for the full year. Revenue for the quarter that ended Dec. 31 was $434.4 million, compared with fourth-quarter 2009 revenue of $311.6 million. Operating income in the fourth quarter was $100.6 million, up…more
FLIR Systems today reported a 19 percent increase in revenue for the second quarter ending June 30. It was the company’s first earnings report since it acquired Raymarine. Revenue was $331.1 million, compared to second quarter 2009 revenue of $278 million. Excluding the impact of the Raymarine acquisition, second-quarter revenue was $303.9 million, an increase…more
FLIR says the acquisition could lead to much greater marine use of its thermal imaging technology The genesis of FLIR Systems’ purchase of Raymarine can be traced to a foggy night about seven or eight years ago, according to FLIR president and CEO Earl Lewis. Lewis was boating with his son when he realized it…more
FLIR Systems announced that recent tests to determine how well its thermal imaging cameras could see oil on water produced outstanding results. In the critical days of what has become a national emergency, FLIR’s M-Series and First Mate maritime imagers are proving their worth in the Gulf Coast providing valuable aid and assistance to oil…more
The more than 400 employees of Raymarine Group have been transferred to FLIR Systems as part of the sale announced Friday and FLIR has no intention of closing the Raymarine facilities. FLIR purchased Raymarine for approximately $180 million, which includes repayment of all of Raymarine’s indebtedness and approximately $24 million in proceeds to Raymarine plc.…more