FLIR Systems' (Wilsonville, OR, USA) president Earl Lewis announced that he was disappointed with the second quarter performance of the company, as preliminary revenue and earnings per share results were disclosed this week.
FLIR expects to post revenues of approximately $338 million and earnings per share of approximately $0.26 for the three months ended June 30, 2012. Excluding the net after tax impact of severance costs, earnings per share for the three months ended June 30, 2012 is expected to be approximately $0.30.
The company's second quarter performance reflected in the preliminary results was negatively impacted by weakness in several markets including the predictive maintenance and building market and the recreational marine market, particularly in Europe.
The management of the company has now re-evaluated its previously announced revenue and earnings outlook for 2012 and now expects revenue to be in the range of $1.4 billion to $1.5 billion, a decrease of approximately 3 per cent to 9 per cent compared to 2011, and net income to be in the range of $1.40 to $1.50 per diluted share, an increase of approximately 1 per cent to 9 per cent compared to 2011.
On a positive note, Lewis said that he was confident that the second half of the year would be significantly better than the first.
More stories from FLIR Systems that you might find of interest.
1. Thermal cameras monitor district heating networks
Engineers at Termisk Systemteknik have mounted an infrared (IR) camera to a small plane to take aerial thermal images and produce thermal maps of Swedish cities, monitoring district heating networks for maintenance.
2. Thermal imager spots the leaks in Swedish LDPE plant
Process operators at the Borealis (Vienna, Austria) high-pressure, low-density polyethylene (LDPE) plant in Stenungsund in Sweden are using a FLIR (Wilsonville, OR, USA) optical gas imaging camera to detect potentially dangerous gas leaks, seeking infrared radiation signatures.
3. Thermal imaging helps improve safety in space
Flir Systems (Wilsonville, OR, USA) has released details showing how its infrared camera systems were selected and used by NASA Langley Research Center for its shuttle and International Space Station programs.
4. Sensor spots pirates on the high seas
Navy unmanned aircraft will be able to distinguish small pirate boats from other vessels when an Office of Naval Research (ONR; Arlington, VA, USA)-funded sensor starts airborne tests this summer.
-- Dave Wilson, Senior Editor, Vision Systems Design