Skip to main content

FLIR reports 2Q results

FLIR Systems said today that revenue rose 15 percent in the second quarter, to $389.3 million, from the comparable 2012 quarter and the company’s Raymarine segment contributed revenue of $46.9 million, down 1 percent from the prior year.

Operating income increased by 16 percent to $70.3 million for the quarter that ended June 30 and net income rose 22 percent to $50.2 million, or 35 cents a diluted share, a gain of 30 percent from the quarter a year earlier.

Cash provided by operations of $134.3 million broke a quarterly record at the Portland, Ore.-based company.

Revenue from FLIR’s commercial systems division increased 17 percent to $221.8 million. Revenue from the thermal vision and measurement segment was $175 million, an increase of 23 percent from second-quarter results last year.

"We saw solid growth in revenue, operating income, cash flow and earnings per share in the second quarter, and increased backlog in both divisions," FLIR president and CEO Andy Teich said in a statement.

"We introduced several new products during the quarter, with more on the horizon. I am very excited about our future, given our market presence, product suite and ability to execute for our customers and our shareholders."

Click here for the full release.

Related

1_RIGHWHALES

Industry Pushes Back Against Speed Restrictions

A NOAA Fisheries proposal would restrict boats 35 feet and larger to a 10-knot speed limit along the East Coast to protect right whales from vessel strikes.

4_MAGONIS

Magonis Opens Connecticut Office

The Spain-based, electric-boat builder offers an 18-footer that’s available with motors from Torqeedo and Mag Power.

01_YOUTH.FISHING

Bill Seeks to Increase Youth Fishing

The bipartisan Coastal Fishing Program Act of 2022 would ease barriers to accessing the outdoors in underserved communities.

Norm

Fall Is in Full Swing

With the autumnal equinox ushering in a new season today, the fall boat-show circuit is in high gear. Here are some recent reports and a look at what’s to come.

3_MANUFACTURER.CONFIDENCE

Manufacturer Confidence Drops

Still, U.S. builders remain largely optimistic despite ongoing constraints with the supply chain and workforce, as well as yesterday’s interest rate hike.

1_TEMO.DEFENDER

Defender Adds TEMO Electric Boat Motor

Defender Industries is the official U.S. dealer for the French company’s lightweight, portable electric motors.

2_TWIN.DISC.BELGIUM

Twin Disc Sells Belgium Facility

The transmission manufacturer is still using the facility in a leaseback transaction as it looks to reduce costs.