FLIR FLIR Systems, Inc.
FLIR Systems, Inc. develops technologies, which enhance perception and awareness. It design, develop, market, and distribute solutions that detect people, objects and substances that may not be perceived by human senses and improve the way people interact with the world around them. The company operates through the following segments: Industrial business unit, Government & Defense business unit, and Commercial business unit. The Industrial business unit segment develops and manufactures thermal and visible-spectrum imaging camera cores and components that are utilized by third parties to create thermal, industrial, and other types of imaging systems. The Government & Defense business unit segment develops and manufactures enhanced imaging and recognition solutions for a wide variety of military, law enforcement, public safety, and other government customers around the world for the protection of borders, troops, and public welfare. The Commercial business unit segment develops and manufactures cameras, video recording systems, and video management systems for use in commercial and critical infrastructure, electronics and imaging instruments for the recreational and commercial maritime market, intelligent traffic monitoring and signal control systems, and hand-held and weapon-mounted thermal imaging systems for use in a variety of applications. FLIR Systems was founded in 1978 and is headquartered in Wilsonville, OR.
Company profile
Ticker
FLIR
Exchange
Website
CEO
James J. Cannon
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Northrop Grumman • Raytheon • L3Harris • Garmin • Teledyne • TeleNav • Applied Energetics • PASSUR Aerospace • Coda Octopus • Emarine Global ...
SEC CIK
Corporate docs
IRS number
930708501
FLIR stock data
()
Calendar
6 May 20
15 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 450.92M | 489.04M | 471.25M | 482M | |
| Net income | 15.42M | 1.68M | 62.05M | 46.12M | |
| Diluted EPS | 0.11 | 0.01 | 0.46 | 0.34 | |
| Net profit margin | 3.42% | 0.34% | 13.17% | 9.57% | |
| Operating income | 28.5M | 54.05M | 74.39M | 63.74M | |
| Net change in cash | 24.02M | -10.8M | 26.51M | -15.48M | |
| Cash on hand | 308.62M | 284.59M | 295.39M | 268.89M | |
| Cost of revenue | 231.56M | 256.41M | 241.66M | 248.38M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 1.89B | 1.78B | 1.8B | 1.66B | |
| Net income | 171.6M | 282.43M | 107.22M | 166.63M | |
| Diluted EPS | 1.26 | 2.01 | 0.77 | 1.2 | |
| Net profit margin | 9.09% | 15.91% | 5.96% | 10.02% | |
| Operating income | 273.26M | 318.61M | 289.96M | 295.72M | |
| Net change in cash | -227.55M | -6.95M | 157.74M | -111.44M | |
| Cash on hand | 284.59M | 512.14M | 519.09M | 361.35M | |
| Cost of revenue | 957.52M | 875.37M | 941.66M | 895.05M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 29 Jun 20 | Cannon James J | Common Stock | Payment of exercise | Dispose F | No | 39.07 | 2,290 | 89.47K | 213,598 |
| 5 Jun 20 | Frank Jeffrey | Common Stock | Sell | Dispose S | No | 46.94 | 24,456 | 1.15M | 27,131 |
| 1 Jun 20 | Frank Jeffrey | Common Stock | Payment of exercise | Dispose F | No | 45.87 | 4,181 | 191.78K | 51,520 |
| 8 May 20 | Wynne Steven E | Common Stock | Sell | Dispose S | No | 48.88 | 21,300 | 1.04M | 28,361 |
| 8 May 20 | Wynne Steven E | Common Stock | Option exercise | Aquire M | No | 22.3 | 21,300 | 474.99K | 49,661 |
| 8 May 20 | Wynne Steven E | NQSO Common Stock | Option exercise | Dispose M | No | 22.3 | 21,300 | 474.99K | 0 |
| 5 May 20 | Lewis Earl R | Common Stock | Grant | Aquire A | No | 0 | 80,000 | 0 | 531,069 |
Institutional ownership Q1 2020
92.8% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 432 |
| Opened positions | 52 |
| Closed positions | 115 |
| Increased positions | 149 |
| Reduced positions | 185 |
13F shares |
Current |
|---|---|
| Total value | 55.38B |
| Total shares | 121.44M |
| Total puts | 123K |
| Total calls | 115.6K |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 15.41M | $491.48M |
| BLK BlackRock | 10.56M | $336.83M |
| STT State Street | 5.78M | $184.18M |
| N Price T Rowe Associates | 5.38M | $171.68M |
| BK Bank Of New York Mellon | 4.45M | $142.03M |
| Atlanta Capital Management Co L L C | 4.22M | $134.58M |
| WFC^Z Wells Fargo & Company | 3.76M | $119.97M |
| Capital World Investors | 2.89M | $92.32M |
| Geode Capital Management | 2.39M | $76.19M |
| Ceredex Value Advisors | 2.33M | $74.37M |
Financial report summary
?Competition
General Dynamics • Mikron Infrared • BAE Systems • Lockheed Martin • Image Sensing Systems • Elbit Systems • Garmin • BAE Systems • ICx • L-3 CommunicationsRisks
- Changes in our effective income tax rate may have an adverse effect on our results of operations
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
adding, adjacent, aimed, air, American, analyze, appeal, appealing, assembled, attached, back, ban, bipartisan, book, border, Brazilian, calendar, capacity, carefully, classification, cleaning, conform, confront, constrained, contact, conversion, cumulative, customary, deemed, deep, deferral, deployed, disease, distribution, domain, domestic, double, dramatic, Elevated, EST, exacerbate, Exhibit, fringe, functional, furloughing, GAAP, globe, grantee, healthcare, home, hygiene, inbound, incurrence, indirect, inspection, Instance, instrument, intensified, interbank, knowledge, kroner, lingering, manifested, met, necessitate, necessitating, negotiated, Norwegian, occupancy, optimization, organizational, outbreak, output, overhead, package, pandemic, paused, perimeter, policy, portfolio, preceding, preserve, President, pretax, priority, Project, protracted, PRSU, putting, quarantined, quarantining, rapidly, rational, Raymarine, Ready, real, realignment, reorganization, resumption, robot, royalty, RSU, safe, screening, sick, site, situation, skin, social, speculative, staggered, stay, Stockholm, stringent, subcontractor, subsidiary, sudden, sustained, systematic, target, targeted, temperature, top, transportation, treatability, treatment, treaty, trillion, unsure, viability, volatility, workplace
Removed:
abroad, accept, acceptable, accomplish, acquire, actively, actuarial, adequately, AECA, affecting, aftermath, al, amendment, amortize, anticipated, arise, arisen, Asia, assert, assessing, assistance, assume, assure, attempt, attention, attracting, attributed, authentication, automobile, avoid, awarded, balancing, behalf, behavior, brand, breached, Brexit, bribery, broad, budgetary, capability, capitalizing, caption, capture, Carter, Category, CCL, cease, ceiling, challenge, challenged, characterized, charter, Chinese, Circuit, circumvented, claim, clarity, closely, Cloud, Codification, collecting, colloquially, commencement, commercially, committing, comparative, comparing, compensate, competition, competitive, complaint, comply, computer, Computing, conclude, conduct, confidence, confidential, confidentiality, Considerable, consisted, consuming, Continuation, continuing, contracting, controlled, cooperation, copyright, corrupt, corruption, counting, County, coverage, covered, covering, created, criminal, culture, curtail, damaged, debarment, decide, declare, decline, deductibility, defaulted, defective, defend, defendant, defending, delay, delaying, denial, denominating, dependent, depreciate, derive, desire, desist, deter, determinable, devaluing, develop, difficulty, digital, diligence, dilute, directly, director, disaster, disclosing, discount, discounted, discourage, disgorgement, disqualify, disrupting, disruptive, distract, diverse, doubtful, draft, duration, earthquake, East, efficiency, effort, electronic, element, eligibility, employment, encryption, Enemy, enhance, enjoy, enrichment, enter, equal, erosion, error, essential, establish, establishing, euro, Europe, Eurozone, exceeded, exemption, exercise, exercised, exit, expand, expanded, expiration, expired, exportation, exposed, extend, faced, facilitate, fail, failing, faulty, FCPA, fiduciary, fighter, fire, flexibility, fluctuated, fraud, free, frequency, frequent, funded, gain, geopolitical, globally, governing, grown, half, handheld, handle, harm, harming, helm, highlight, historically, hold, hosting, IEEPA, immigration, impacting, implement, implicit, import, important, importation, imposed, Imposing, improper, improve, improved, improvement, inability, inadequate, inception, incorporate, incorporated, Incorporation, increasing, indenture, Index, indirectly, induce, inflation, infringing, injunctive, injury, innovation, insolvency, instability, Instituting, insurance, intelligent, intend, intense, internationally, introduce, introducing, introduction, invest, invested, issue, July, Kingdom, lack, large, largely, lawsuit, lead, leading, leave, legislative, limit, limiting, line, long, lose, lost, low, machinery, making, malfeasance, malware, manner, manufacture, materialize, meaningfully, medical, membership, merge, merit, Middle, minimum, misappropriation, misconduct, mitigated, mobile, modify, motion, moved, multicurrency, Multnomah, natural, navigational, networked, nominal, nonemployee, noted, notice, objective, obligated, obsolescence, obtaining, occurring, OEM, OFAC, offer, operate, opposing, optional, Oregon, OTS, outage, Outdoor, ownership, Parliament, partner, password, patent, pattern, pension, percentile, permanently, persistent, personally, physical, plaintiff, planned, Pointing, pose, posture, potentially, power, practical, predecessor, predominately, preferred, preliminary, prepaid, prepayment, presence, presenting, presently, prevail, prevailing, prevented, privacy, productivity, profitability, prohibiting, promote, prosecuting, pursuing, quickly, reach, realize, realized, recall, recently, reclassification, reclassify, recording, redesign, refinance, regulated, rejected, relationship, reliably, reliance, render, rental, repay, reside, resided, resource, responsible, restrictive, retaining, retaliatory, retention, retrospective, ROU, routine, safeguarding, satisfactory, scrutiny, seasonal, SEC, secret, seek, serve, settled, settlement, shareholder, shift, shifting, ship, short, shortfall, shown, shutdown, signal, Similarly, size, small, smartphone, SMB, sonar, source, speed, spot, spyware, stability, staffing, Stein, step, storage, stranded, strong, subcontracting, subjected, suit, suite, superior, supplying, support, supported, takeover, tenant, tendency, territorial, terrorism, thereunder, timely, tracking, traded, trademark, translate, trustee, turn, ultimately, unbeknownst, undistributed, unfold, unintended, unjust, unknown, unpaid, unrelated, unrest, unspecified, unwilling, upcoming, user, USML, utilize, utilizing, video, view, violate, vulnerable, war, warranted, waste, weakening, wholesale, withdrawal, XII
Financial reports
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
10-Q
2018 Q2
Quarterly report
27 Jul 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K
2017 FY
Annual report
23 Feb 18
Current reports
8-K
Material Modifications to Rights of Security Holders
21 May 20
8-K
FLIR Systems Announces First Quarter 2020 Financial Results
6 May 20
8-K
Submission of Matters to a Vote of Security Holders
21 Apr 20
8-K
FLIR Systems Names Paula M. Cooney Senior Vice President, Chief Human Resources Officer
6 Apr 20
8-K
FLIR Systems Announces Fourth Quarter and Full Year 2019 Financial Results
27 Feb 20
8-K
Departure of Directors or Certain Officers
23 Jan 20
8-K
Departure of Directors or Certain Officers
22 Nov 19
8-K/A
FLIR Systems Announces Third Quarter 2019 Financial Results
1 Nov 19
8-K
FLIR Systems Announces Third Quarter 2019 Financial Results
31 Oct 19
8-K
Departure of Directors or Certain Officers
22 Oct 19
Registration and prospectus
S-3ASR
Automatic shelf registration
1 Nov 19
S-8
Registration of securities for employees
13 May 19
424B5
Prospectus supplement for primary offering
3 Jun 16
424B5
Prospectus supplement for primary offering
1 Jun 16
FWP
Free writing prospectus
1 Jun 16
S-3ASR
Automatic shelf registration
11 May 16
S-8
Registration of securities for employees
7 Aug 15
S-8
Registration of securities for employees
23 Sep 11
424B2
Prospectus for primary offering
17 Aug 11
FWP
Free writing prospectus
16 Aug 11
Proxies
DEF 14A
Definitive proxy
11 Mar 20
PRE 14A
Preliminary proxy
28 Feb 20
DEFA14A
Additional proxy soliciting materials
8 Mar 19
DEF 14A
Definitive proxy
8 Mar 19
DEFR14A
Revised proxy
21 Mar 18
DEF 14A
Definitive proxy
9 Mar 18
DEFA14A
Additional proxy soliciting materials
9 Mar 18
DEF 14A
Definitive proxy
10 Mar 17
DEFA14A
Additional proxy soliciting materials
10 Mar 17
DEFA14A
Additional proxy soliciting materials
14 Mar 16
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
NO ACT
No action letter
10 Feb 16
SD
Conflict minerals disclosure
29 May 15
NO ACT
No action letter
26 Jan 15
SD
Conflict minerals disclosure
2 Jun 14
UPLOAD
Letter from SEC
21 Apr 14
Ownership
4
FLIR SYSTEMS / James J Cannon ownership change
29 Jun 20
4
FLIR SYSTEMS / JEFFREY FRANK ownership change
9 Jun 20
4
FLIR SYSTEMS / JEFFREY FRANK ownership change
2 Jun 20
4
FLIR SYSTEMS / STEVEN E WYNNE ownership change
11 May 20
4/A
FLIR SYSTEMS / EARL R LEWIS ownership change
6 May 20
4
FLIR SYSTEMS / EARL R LEWIS ownership change
6 May 20
4
FLIR SYSTEMS / Paula M. Cooney ownership change
4 May 20
4
FLIR SYSTEMS / Travis Barton Johnson ownership change
4 May 20
4
FLIR SYSTEMS / JEFFREY FRANK ownership change
4 May 20
4
FLIR SYSTEMS / SONIA GALINDO ownership change
4 May 20
Patents
GRANT
Design
Handheld sensor device
14 Jul 20
Inventors: Xuan Song, Zhenmei Mao, John Huang, Victor Ku
APP
Utility
Control Systems for Unmanned Aerial Vehicles
9 Jul 20
A method for controlling an unmanned aerial vehicle within a flight operating space.
GRANT
Utility
Systems and methods for enhanced dynamic range infrared imaging
7 Jul 20
Various techniques are provided for using one or more thermal infrared (IR) imaging modules to enhance the dynamic range of images.
GRANT
Utility
Image processing using histograms
7 Jul 20
A system and method for comparing and searching for digital data, such as images, using histograms includes receiving a source image, receiving a comparison image, generating a first histogram for the source image and generating a second histogram for the comparison image.
APP
Utility
Infrared Camera Ambient Temperature Calibration Systems and Methods
25 Jun 20
An ambient temperature calibration process includes, in accordance with an embodiment, determining an ambient temperature calibration value for a global external resistance associated with a read out integrated circuit (ROIC) of an image capture component comprising a sensor array comprising a focal plane array of microbolometers arranged on the ROIC; determining an ambient temperature calibration value for a sensor integration time associated with the ROIC; and determining an ambient temperature calibration mapping for an offset mapping associated with the ROIC.