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FLIR Systems


FLIR Systems, Inc. (Nasdaq:FLIR) reported today its revenues for the 2nd quarter of 2007 were $184.3 million, up 33% compared to second quarter 2006 revenue of $138.6 million. Net income for the quarter was $29.1 million, ($0.38 earning per share (EPS), compared to $0.28 EPS last year. FLIR's Government systems division's revenue increased 45% to $90 million, driven by all segments, including airborne, land and maritime electro-optical systems applications.

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By the end of June 2007 the company's backlog grew by $31 million (mostly from sales of military stabilized payloads) to about $311 million, of which $245 million are government systems related. Based on the financial results for the quarter, and the outlook for the remainder of the year, the Company is increasing its revenue and earnings guidance for 2007.

FLIR has increased its earning projections for 2007, and is now expecting net revenue in fiscal 2007 to be in the range of $730 million to $750 million.


 


 

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