FLIR Systems (FLIR) Reports In-Line Q1 EPS

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Go back to FLIR Systems (FLIR) Reports In-Line Q1 EPS

FLIR Systems Announces First Quarter 2017 Financial Results

April 26, 2017 7:30 AM EDT

WILSONVILLE, OR -- (Marketwired) -- 04/26/17 -- FLIR Systems, Inc. (NASDAQ: FLIR) today announced financial results for the first quarter ended March 31, 2017. First quarter 2017 revenue was $406.8 million, up 7% over first quarter 2016 revenue of $379.5 million. GAAP operating income in the first quarter grew 3% to $59.1 million, compared to $57.4 million in the first quarter of 2016. Adjusted operating income was $69.6 million in the first quarter, which is 12% higher than adjusted operating income of $62.2 million in the first quarter of 2016.

First quarter 2017 GAAP net earnings were $42.6 million, or $0.31 per diluted share, compared with GAAP net earnings of $1.1 million,... More