FLIR Systems announces solid Q1 and intention to keep Raymarine

>> IBI Plus premium content, by Craig Ritchie2020-05-06T15:04:00

Virginia, US-based FLIR Systems Inc released its 2020 first-quarter results on Wednesday, posting a 1.4% year-over-year revenue increase for the quarter on the strength of high demand for its thermal imaging cameras used in Covid-19 screening. The company also announced its intention to suspend the sale of its Raymarine non-thermal ...

Covid-19 drives demand for thermal cameras and suspension of Raymarine sale in the face of weak M&A climate… The company’s share price has responded strongly today with heavy trading and a 10% price gain to $45.55, which is about 80% of its recent peak price in mid-February of $59.44 before the onset of the pandemic.

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