FLIR Systems (NASDAQ:FLIR) announced financial results for the fourth quarter and full year ended December 31, 2019.
As quoted in the press release:
Commenting on FLIR’s fourth quarter results, Jim Cannon, President and Chief Executive Officer, said, “FLIR finished 2019 with full year revenue of $1.9 billion and fourth quarter results that reflect a continuation of many of the trends we experienced in the third quarter. Our Government and Defense and Industrial Business Units delivered performances highlighted by fourth quarter revenue growth and expanding full year backlog. I also continue to be very pleased with our success in advancing our strategic priorities as evidenced by several recently announced franchise program wins that will be key to achieving our longer term growth objectives. However, our Commercial Business Unit continued to face challenges that negatively impacted FLIR’s consolidated organic revenue growth and profitability targets for the full year.”