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FLIR Teledyne FLIR

FLIR Systems is the world's largest commercial company specializing in the design and production of thermal imaging cameras, components and imaging sensors. Based in Wilsonville, Oregon, United States and founded in 1978, the company makes thermal cameras and components for a wide variety of commercial and government applications. FLIR is a component of the S&P 500 index with annual revenues in excess of $1.5 billion annually as of 2014. In the spring of 2013, Andrew C. Teich became FLIR's chief executive officer and president after the retirement of Earl Lewis. FLIR employs 2,741 people worldwide. FLIR took its name from the acronym for forward-looking Infrared. The company began in 1978 with airborne IR systems, and developed from 1978 to 2004 through product development and acquisitions of related companies. Originally based in Tigard, Oregon, the company relocated to Portland in the mid-1990s. FLIR teamed up with Hughes Aircraft Company in 1990, with Hughes taking part ownership of FLIR.

Company profile

Ticker
FLIR
Exchange
NASDAQ
Website
www.flir.com
CEO
James J. Cannon
Employees
Incorporated
Delaware
Location
Oregon
Fiscal year end
Dec 31
Sector
Manufacturing > Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Industry (SIC)
Search, Detection, Navigation, Guidance, Aeronautical Sys
Northrop Grumman • Raytheon • L3Harris • Garmin • Leonardo DRS • Teledyne • Telenav • MIND Technology • PASSUR Aerospace • Applied Energetics ...
SEC CIK
0000354908
Corporate docs
IRS number
930708501

FLIR stock data

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News

Pro users get this 30m faster
FLIR Says Receives Orders From U.S. Military Worth More Than $70M For Centaur Unmanned Ground Vehicles
10 May 21
US Army, Navy, Air Force, and Marines Order Nearly 600 Additional Robots; Latest Contract Award Raises MTRS Inc. II Ceiling Value to $190M FLIR Systems, Inc. (NASDAQ:FLIR) announced that it has received more
FLIR Systems Q1 Adj. EPS $0.49 Misses $0.52 Estimate, Sales $467.30M Beat $456.72M Estimate
6 May 21
FLIR Systems (NASDAQ:FLIR) reported quarterly earnings of $0.49 per share which missed the analyst consensus estimate of $0.52 by 5.77 percent. This is a 16.67 percent increase over earnings of $0.42 per share from the
Earnings Scheduled For May 6, 2021
6 May 21
Companies Reporting Before The Bell • ViacomCBS (NASDAQ:VIAC) is projected to report quarterly earnings at $1.22 per share on revenue of $7.30 billion.
Stocks That Hit 52-Week Highs On Thursday
29 Apr 21
Stocks That Hit 52-Week Highs On Wednesday
28 Apr 21

Press releases

Pro users get this 30m faster
Teledyne Completes Acquisition of FLIR
14 May 21
Teledyne Technologies Incorporated (NYSE:TDY) announced today the successful completion of the acquisition of FLIR Systems, Inc. (NASDAQ:FLIR). At each of the respective company's special meeting of stockholders held on
National Interest in Minerals and Rare Earth Elements Grows
13 May 21
NEW YORK, May 13, 2021 /PRNewswire/ -- The U.S. Department of Defense (DOD) uses about 750,000 tons of minerals each year. In fact, minerals are among the most important components that make up various technologies, and
Charles River Laboratories International Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
10 May 21
NEW YORK, May 10, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600: S&P MidCap 400 constituent Charles River Laboratories
FLIR Systems Announces First Quarter 2021 Financial Results
6 May 21
FLIR Wins Additional $15.4M Contract for Black Hornet Nano-UAV Systems for U.S. Army Soldier Borne Sensor Program
4 May 21

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

6 May 21
19 Jun 21
31 Dec 21

Financial summary

Financial statements Chart FLIR financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 277.3M 277.3M 277.3M 277.3M 277.3M 277.3M
Cash burn (monthly) 6.83M 2.61M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 17.95M 6.86M n/a n/a n/a n/a
Cash remaining 259.35M 270.44M n/a n/a n/a n/a
Runway (months of cash) 38.0 103.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

FLIR insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 May 21 Tyrer Robert S Common Stock Sale back to company Dispose D No No 56 1,811 101.42K 0
14 May 21 Tyrer Robert S Common Stock Sale back to company Dispose D No No 28 9,912 277.54K 1,811
14 May 21 Stauffer Cathy A Common Stock Sale back to company Dispose D No No 56 8,750 490K 0
14 May 21 Stauffer Cathy A Common Stock Sale back to company Dispose D No No 28 34,350 961.8K 8,750
14 May 21 Johnson Travis Barton Common Stock Sale back to company Dispose D No No 56 1,786 100.02K 0
14 May 21 Johnson Travis Barton Common Stock Grant Aquire A No No 0 1,786 0 1,786
14 May 21 Johnson Travis Barton Common Stock Sale back to company Dispose D No No 56 8,185 458.36K 0
14 May 21 Johnson Travis Barton Common Stock Sale back to company Dispose D No No 28 1,600 44.8K 8,185
14 May 21 Macdonald Angus L Common Stock Sale back to company Dispose D No No 56 1,811 101.42K 0
14 May 21 Macdonald Angus L Common Stock Sale back to company Dispose D No No 28 31,083 870.32K 1,811
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

FLIR institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.2% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 414 450 -8.0%
Opened positions 90 93 -3.2%
Closed positions 126 71 +77.5%
Increased positions 104 150 -30.7%
Reduced positions 158 161 -1.9%
13F shares
 Current Prev Q Change
Total value 6.21B 7.81B -20.5%
Total shares 109.81M 120.38M -8.8%
Total puts 226.6K 468.4K -51.6%
Total calls 337.9K 900.8K -62.5%
Total put/call ratio 0.7 0.5 +29.0%
Largest owners
 Shares Value Change
Vanguard 14.38M $811.81M +1.5%
BLK Blackrock 7.62M $430.04M +1.9%
STT State Street 4.27M $241.35M -0.2%
Kayne Anderson Rudnick Investment Management 3.61M $204.11M +20.0%
Magnetar Financial 2.98M $168.47M +26409.3%
Atlanta Capital Management Co L L C 2.85M $161.05M -18.8%
Westchester Capital Management 2.54M $143.49M NEW
Alpine Associates Management 2.41M $135.95M NEW
Geode Capital Management 2.4M $135.19M -4.6%
Shapiro Capital Management 2.3M $129.89M -3.7%
Largest transactions
 Shares Bought/sold Change
WFC Wells Fargo & Co. 923.04K -3.66M -79.8%
Barrow Hanley Mewhinney & Strauss 1.89M -3.05M -61.8%
Magnetar Financial 2.98M +2.97M +26409.3%
BK Bank Of New York Mellon 1.47M -2.84M -66.0%
Capital World Investors 0 -2.74M EXIT
Ceredex Value Advisors 0 -2.58M EXIT
Westchester Capital Management 2.54M +2.54M NEW
Alpine Associates Management 2.41M +2.41M NEW
Earnest Partners 110.95K -2.36M -95.5%
CMTDF Sumitomo Mitsui Trust 4.6K -1.67M -99.7%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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Competition
General Dynamics • Bae Systems • Lockheed Martin • Image Sensing Systems • Elbit Systems • Garmin • Thales
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: al, Altavian, attention, Baird, breakup, cease, cessation, CHF, Coffman, consummated, contemplated, dismissed, EUR, expand, Firework, franchise, gain, GBP, Hayman, IBA, ICE, incomplete, Johnson, joint, JPY, Keller, LLC, misleading, mooted, NaN, Noncompete, pendency, preliminary, professional, prospectively, proxy, publicly, ramp, receipt, recruiting, reserved, retention, rollout, Sheridan, small, solution, stipulated, superior, surviving, Teledyne, timetable, USD, whichever, willfully, withdrawn
Removed: account, accrual, advantage, Aeryon, approach, arrangement, assembled, assumption, award, ban, begun, collaborative, commenced, conform, correction, determine, discontinued, disease, earning, emergency, employed, engineering, England, entity, estimating, evaluated, Facilitation, good, immaterial, impaired, incurrence, infrared, Interaction, Inventory, learned, life, notified, occur, occurrence, optical, option, organization, participant, performed, permitted, post, precautionary, promotion, qualify, reduction, reorganization, repair, representative, represented, retained, robot, royalty, screening, September, significantly, single, SkyWatch, stop, structure, Surveillance, UNREGISTERED, vested
From filing 10-Q 2021 Q1

Financial reports

View all
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
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
27 Feb 19

Current reports

View all
8-K
Termination of a Material Definitive Agreement
14 May 21
8-K
Submission of Matters to a Vote of Security Holders
13 May 21
8-K
FLIR Systems Announces First Quarter 2021 Financial Results
6 May 21
8-K
FLIR Systems Announces Fourth Quarter and Full Year 2020 Financial Results
25 Feb 21
8-K
Entry into a Material Definitive Agreement
6 Jan 21
8-K
Teledyne to Acquire FLIR Systems
4 Jan 21
8-K
FLIR Systems Announces Third Quarter 2020 Financial Results
30 Oct 20
8-K
Regulation FD Disclosure
18 Sep 20
8-K
Departure of Directors or Certain Officers
17 Aug 20
8-K
FLIR Systems Announces Second Quarter 2020 Financial Results
6 Aug 20

Registration and prospectus

View all
15-12G
Securities registration termination
24 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21
S-8 POS
Registration of securities for employees (post-effective amendment)
14 May 21

Proxies

View all
DEFM14A
Proxy related to merger
12 Apr 21
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
20 Mar 18
DEF 14A
Definitive proxy
8 Mar 18
DEFA14A
Additional proxy soliciting materials
8 Mar 18
DEF 14A
Definitive proxy
9 Mar 17
DEFA14A
Additional proxy soliciting materials
9 Mar 17

Other

View all
EFFECT
Notice of effectiveness
18 May 21
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
30 May 17
SD
Conflict minerals disclosure
30 May 16
NO ACT
No action letter
9 Feb 16
SD
Conflict minerals disclosure
28 May 15
NO ACT
No action letter
25 Jan 15
SD
Conflict minerals disclosure
1 Jun 14

Ownership

View all
4
FLIR SYSTEMS / Paula M. Cooney ownership change
14 May 21
4
FLIR SYSTEMS / Catherine Ann Halligan ownership change
14 May 21
4
FLIR SYSTEMS / James J Cannon ownership change
14 May 21
4
FLIR SYSTEMS / Carol P Lowe ownership change
14 May 21
4
FLIR SYSTEMS / William Wright Crouch ownership change
14 May 21
4
FLIR SYSTEMS / SONIA GALINDO ownership change
14 May 21
4
FLIR SYSTEMS / MICHAEL T SMITH ownership change
14 May 21
4
FLIR SYSTEMS / JOHN D CARTER ownership change
14 May 21
4
FLIR SYSTEMS / EARL R LEWIS ownership change
14 May 21
4
FLIR SYSTEMS / Travis Barton Johnson ownership change
14 May 21

Patents

View all
GRANT
Utility
Infrared sensor array with sensors configured for different spectral responses
15 Jun 21
Improved techniques for infrared imaging and gas detection are provided.
APP
Utility
Systems and Methods for Modular Unmanned Vehicles
10 Jun 21
An unmanned vehicle (UV) is provided.
GRANT
Utility
Unmanned aerial system based thermal imaging systems and methods
8 Jun 21
Flight based infrared imaging systems and related techniques, and in particular UAS based thermal imaging systems, are provided to improve the monitoring capabilities of such systems over conventional infrared monitoring systems.
GRANT
Utility
Minimal user input video analytics systems and methods
8 Jun 21
Various techniques are disclosed for calibrating surveillance camera systems with minimal user input.
GRANT
Utility
Vertical microbolometer contact systems and methods
8 Jun 21
Systems and methods are directed to vertical legs for an infrared detector.

Transcripts

View all
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
6 Aug 20
2020 Q1
Earnings call transcript
6 May 20
2019 Q4
Earnings call transcript
27 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
24 Jul 19
2019 Q1
Earnings call transcript
24 Apr 19
2018 Q4
Earnings call transcript
13 Feb 19
2018 Q3
Earnings call transcript
30 Oct 18
2018 Q2
Earnings call transcript
25 Jul 18

Reddit threads

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