FLIR Systems Updates 2017 Earnings Outlook - Quick Facts

(RTTNews) - FLIR Systems, Inc. (FLIR) announced the company expects revenue in 2017 to continue to be in the range of $1.775 billion to $1.825 billion and adjusted net earnings per share to now be in the range of $1.83 to $1.88 per share. Previously, the company projected adjusted net earnings per share to be in the range of $1.81 to $1.91.

Adjusted net earnings in the third quarter were $72.7 million, or $0.52 per share, which was 8% higher than adjusted net earnings per share of $0.48 in the third quarter of 2016, where a lower tax rate relative to the current year added $0.02 of income per share. Third quarter 2017 revenue was $464.7 million, up 15% over third quarter 2016 revenue of $405.2 million.

FLIR's Board has declared a quarterly cash dividend of $0.15 per share on FLIR common stock, payable December 8, 2017, to shareholders of record as of close of business on November 24, 2017.