Flir announces fourth-quarter financial results

Thermal imaging company Flir Systems has announced financial results for the fourth quarter ended 31 December 2010, including a recorded revenue of $434.4m, up 39 per cent compared to fourth quarter 2009 revenue.

Operating income in the fourth quarter was $100.6m, up 12 per cent from $89.9m in the same period of 2009.

Fourth quarter 2010 net income from continuing operations was $70.3m, or $0.43 per diluted share, compared with net income of $60.3m, or $0.38 per diluted share, in the fourth quarter a year ago.

Cash provided by operations in the fourth quarter was $45.5m.