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FLIR Systems, Inc. Message Board

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      FLIR Systems, Inc. (NASDAQ: FLIR) today announced preliminary revenue and earnings per share results for the second quarter of fiscal year 2012. 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 these preliminary results was negatively impacted by weakness in several markets including predictive maintenance and building, cores and components, and recreational marine, particularly in Europe. Delays in customer delivery schedules negatively impacted revenue during the quarter, particularly in the cores and components line of products in the Thermal Vision and Measurement (TVM) segment. Margins during the quarter were negatively impacted by product mix and factory absorption due to lower than anticipated revenue.
      Management has re-evaluated its previously announced revenue and earnings outlook for the full year 2012 and now expects revenue to be in the range of $1.4 billion to $1.5 billion, a decrease of approximately 3% to 9% 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% to 9% compared to 2011. Supporting the second half outlook are the increase in backlog during the second quarter and a stronger outlook for orders in the second half of the year.
      "We are disappointed in our second quarter performance," said Earl Lewis, President and CEO of FLIR.

 
FLIR
34.11-0.11(-0.32%)Jul 23 4:00 PMEDT

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