In its fourth quarter financial results ending December 31, 2012,FLIR Systems (Portland, OR, USA) reported that its revenues were down 5 percent compared to the same period last year.
Revenue was $386.4m, compared to fourth quarter 2011 revenue of $405.2m. Operating income in the fourth quarter was $100.1m, compared to $109.7m in the fourth quarter of 2011. Fourth quarter 2012 net income was $77.3m, compared with net income of $76.1m, in the fourth quarter a year ago.
For the full year, revenue was $1,405.4m, down 9 percent compared to $1,544.1m for the year ended December 31, 2011. Operating income for 2012 was $303.3m, down 3 percent from $313.2m in 2011. Net income for 2012 was $222.4m, compared with 2011 net income of $221.5m.
The company's backlog of firm orders for delivery within the next twelve months was approximately $520m as of December 31, 2012, a decrease of $45m during the quarter.
Recent articles from Vision Systems Design that you might also be interested in reading.
1. Thermal imaging software detects drunks
Greek researchers have developed software to analyze images from thermal imaging cameras to objectively determine whether a person has consumed an excessive amount of alcohol.
2. Thermal cameras monitor district heating networks
Engineers at Termisk Systemteknik (Linköping, Sweden) mounted an SC7600 infrared (IR) camera from FLIR Systems (Wilsonville, OR, USA) on the bottom of a small plane. By flying over Scandinavian cities, recording the thermal images, and then geo-referencing them, they can produce thermal maps of the cities.
3.Thermal imaging detects wildlife in fields
As a result of the increase in the speed and size of farm equipment, the risk of wild animals being accidentally injured or killed during farming has increased dramatically.
-- Dave Wilson, Senior Editor,Vision Systems Design
