FLIR Systems' revenue down
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.
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.
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-- Dave Wilson, Senior Editor,Vision Systems Design