Flir Systems Inc   (FLIR)
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Flir Systems Inc Segments

   27.44 % of total Revenue
   9.3 % of total Revenue
   22.97 % of total Revenue
   13.24 % of total Revenue
Integrated Systems
   11.78 % of total Revenue
   15.28 % of total Revenue

Business Segments (June 30. 2015)
(in millions $)
II. Quarter
(of total Revenues)
(June 30. 2015)
(in millions $)
II. Quarter
(Profit Margin)
107.81 27.44 % 26.38 24.47 %
36.54 9.3 % 9.38 25.67 %
90.26 22.97 % 28.34 31.4 %
52.03 13.24 % 6.42 12.34 %
Integrated Systems
46.29 11.78 % 10.50 22.67 %
60.05 15.28 % 7.87 13.11 %
392.98 100 % 88.89 22.62 %

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Growth rates by Segment (June 30. 2015)
Y/Y Revenue
II. Quarter
Q/Q Revenue
(June 30. 2015)
Y/Y Income
II. Quarter
Q/Q Income
1.93 % -4.51 % 39.31 % -12.56 %
76.67 % 100.95 % 197.59 % 250 %
7.49 % 7.68 % 34.72 % 0.99 %
-5.79 % 2.08 % -33.9 % 34.08 %
Integrated Systems
-21.53 % 16.19 % -40.41 % 19.55 %
34.23 % 54.74 % 33.78 % 106.34 %
6.39 % 14.07 % 16.44 % 13.53 %

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Flir Systems Inc 's Surveillance, Detection, Instruments, Raymarine, Integrated Systems, Security, Total segment. Select each division with the arrow.

  Flir Systems Inc 's

Business Segments Description

Thermography division products are generally sold for commercial and industrial applications, typically where imaging and temperature measurement together are required. Products range from highly sensitive cameras with extensive analytic capabilities and sophisticated image processing to less expensive cameras offering excellent performance and value for less demanding applications. Our Thermography products range in price from $5,000 for a handheld camera for building inspection to over $150,000 for our most sophisticated science cameras. Our strategy in this business is to continue to develop products for high-end applications while introducing new products at lower price points, and capitalize on highly price-elastic demand in numerous emerging markets.

Commercial Vision Systems (“CVS”) is focused on emerging commercial markets for infrared imaging technology where the primary need is to see at night or in adverse conditions. As the cost of infrared technology has declined, demand in large untapped markets such as commercial security, automotive, marine, airborne and first responder markets has grown rapidly. CVS has focused its efforts on expanding distribution, accelerating design cycles, reducing manufacturing costs and providing excellent customer service in these markets. Our infrared sensor business, which sells camera cores internally as well as to third parties on an original equipment manufacturer (“OEM”) basis, is also a part of CVS. CVS products range in price from under $2,000 for an OEM imaging core to more than $450,000 for a high definition airborne electronic news gathering broadcast system.

Government Systems (“GS”) is focused on government customers and markets where very high performance is required. Typical applications include surveillance, force protection, drug interdiction, search and rescue, special operations and target designation. We address these markets with a commercial model, either as commercial, off-the-shelf (“COTS”), or commercially developed, military qualified (“CDMQ”™). Products developed under the COTS model are applicable to a range of government customers and markets but are also appropriate for military applications. CDMQ refers to those circumstances where we develop products that are specifically designed to meet military specifications. In both the COTS and CDMQ product development models, we use our own internally generated funds for research and development, and generally own all rights to the products and their design. We have increased our emphasis on CDMQ as a development strategy, and it is a growing part of our GS business. We also periodically accept government funded design and development contracts. GS products are often customized for specific applications, and frequently incorporate additional sensors, including visible light cameras, low light cameras, laser rangefinders, laser illuminators and laser designators.

Raymarine is a leading provider of marine electronics, and continues as the pioneer in the use of digital control systems. The comprehensive suite of products that Raymarine develops and markets is intended to fulfill all of the marine electronic needs of recreational boaters and offer best-in-class integrated control solutions for all of their onboard instrumentation. The current product portfolio includes multifunction displays, autopilots, thermal imaging cameras, radars, sonar modules, and other instruments which interconnect through Raymarine’s proprietary networking solutions. This broad product range is differentiated by the reliability, usability, and interconnectivity of the instruments we provide. Raymarine’s core capability, providing a comprehensive and centralized control, navigation, and communication system that can be managed with a single integrated data output, is valuable to its customers, who increasingly look for quality, technologically advanced products from a single-source.


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