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.

FLIR Systems' revenue down
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.

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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