FLIR Systems (FLIR) Misses Q1 EPS by 2c

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Go back to FLIR Systems (FLIR) Misses Q1 EPS by 2c

FLIR Systems Announces First Quarter 2016 Financial Results

April 26, 2016 7:30 AM EDT

WILSONVILLE, OR -- (Marketwired) -- 04/26/16 -- FLIR Systems, Inc. (NASDAQ: FLIR) today announced financial results for the first quarter ended March 31, 2016. First quarter 2016 revenue was $379.5 million, up 10% compared to first quarter 2015 revenue of $344.5 million. On a constant currency basis, first quarter 2016 revenue was up 12% versus the prior year. Operating income in the first quarter was $57.4 million, compared to $65.8 million in the first quarter of 2015. Profitability in comparison to the prior year was negatively impacted by product mix shifts, higher production costs, and unusually low corporate expenses in the prior year.

First quarter 2016 net... More