FLIR Systems, Inc. announced its Q3 2020 results, reporting revenues of $466.4 million, slightly down from $471.2 million in Q3 2019. The backlog increased to $899 million, up 10.9% year-over-year. Adjusted operating margin improved to 22.5% from 21.4%. The company re-initiated guidance for 2020, expecting revenues between $1.880 billion and $1.900 billion, with adjusted EPS ranging from $2.30 to $2.35. FLIR remains focused on maintaining operational efficiency amidst COVID-19 challenges and declared a quarterly dividend of $0.17 per share, payable December 4, 2020.
FLIR Systems, Inc. (NASDAQ: FLIR) will announce its third quarter financial results for the period ending September 30, 2020, on October 30, 2020, at 7:30 a.m. ET. The results, including business segment details, will be accessible online. A conference call to discuss these results is scheduled for the same day at 9:00 a.m. ET, with a replay available later. FLIR designs and manufactures advanced sensing technologies for defense and industrial markets, reinforcing its mission to enhance decision-making that saves lives.
FLIR Systems, Inc. (NASDAQ: FLIR) has secured a $26 million contract modification for the Nuclear, Biological and Chemical Reconnaissance Vehicle Sensor Suite Upgrade (NBCRV SSU) program with the U.S. Army. This modification follows a $48 million contract announced in April 2019. The agreement aims to enhance the Army’s CBRN detection capabilities through advanced sensors and unmanned systems. The work is set to continue through 2022 at various FLIR facilities. This contract emphasizes FLIR’s strong position in defense technology and their commitment to improving troop safety.
FLIR Systems announced the release of four advanced thermal imaging cameras in its Exx-Series: the E96, E86, E76, and E54. These models feature enhanced thermal resolution, on-camera routing capabilities, and a range of technologies that improve field survey efficiency and detection of building issues. The E96 stands out with a resolution of 640x480 and a temperature detection capability of up to 1500 degrees Celsius. Customers purchasing an Exx-Series camera by March 31, 2021, receive a three-month free trial of the Thermal Studio Pro software.