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Feb 17th, 2012
FLIR ups dividend despite Q4 revenue fall
Infrared sensor company’s revenues were down but earnings were up in the final quarter of 2011 thanks to lower costs.
Major infrared sensor system and camera provider FLIR Systems has increased its shareholder dividend, despite what it called “a challenging macro environment” and expectations of a tough 2012 – particularly in the area of government procurement. CEO Earl Lewis told investors that he expected commercial sales to continue growing in 2012, but that sales to governments – largely for military applications – would be down. Overall, the company said that it expected total revenues to be up slightly this year and reach around $1.6 billion.
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