FLIR Systems (FLIR) Misses Q2 EPS by 1c

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FLIR Systems Announces Second Quarter 2016 Financial Results

July 27, 2016 7:01 AM EDT

WILSONVILLE, OR -- (Marketwired) -- 07/27/16 -- FLIR Systems, Inc. (NASDAQ: FLIR) today announced financial results for the second quarter ended June 30, 2016. Second quarter 2016 revenue was $402.7 million, up 2% compared to second quarter 2015 revenue of $393 million. Year-to-date revenue of $782 million was 6% above the prior year. Operating income in the second quarter was $65.2 million, compared to $70.5 million in the second quarter of 2015. Profitability in comparison to the prior year was negatively impacted by changes in product mix, manufacturing cost under-absorption, and additional costs associated with the ramp up of an internal low-cost optics capability.

Second quarter 2016 net... More