FLIR Systems (FLIR) Raises Quarterly Dividend 25% to $0.15; 1.6% Yield
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FLIR Systems Announces Fourth Quarter and Full Year 2016 Financial Results
February 14, 2017 7:30 AM ESTWILSONVILLE, OR -- (Marketwired) -- 02/14/17 -- FLIR Systems, Inc. (NASDAQ: FLIR) today announced financial results for the fourth quarter and full year ended December 31, 2016.
Fourth quarter 2016 revenue was $474.7 million, up 8% compared to fourth quarter 2015 revenue of $437.6 million. GAAP operating income in the fourth quarter was $92.3 million, compared to $93.5 million in the fourth quarter of 2015. Fourth quarter 2016 GAAP net income was $61.5 million, or $0.45 per diluted share, compared with GAAP net income of $70.2 million, or $0.51 per diluted share in the fourth quarter a year ago. Cash provided by operations in the fourth quarter reached $97.1 million,... More
FLIR Systems Announces CEO Transition Plan
February 14, 2017 7:29 AM ESTWILSONVILLE, OR -- (Marketwired) -- 02/14/17 -- FLIR Systems, Inc. (NASDAQ: FLIR) today announced that Andrew C. Teich, its President, Chief Executive Officer and a member of its Board of Directors, plans to retire after 33 years of service. Mr. Teich will continue to serve in his current roles until a successor is appointed.
As part of FLIR's succession planning process, the Board will conduct a comprehensive search for a new CEO. FLIR has retained Korn Ferry International, a leading executive search firm, to assist in the search process.
"Nearly 34 years... More
