WILSONVILLE (dpa-AFX) - FLIR Systems Inc. (FLIR) said that it expects 2019 adjusted operating income margins to be in the range of 22% to 23%, and adjusted earnings per share to be in the range of $2.30 to $2.36. 2019 financial outlook includes contributions from the recently announced Aeryon Labs and Endeavor Robotics acquisitions.
The company estimates revenue in 2019 to be in the range of $1.92 billion to $1.95 billion. This represents 8% to 10% revenue growth compared to 2018, including about 5% organic revenue growth, in-line with strategic plan presented in May 2018.
Analysts polled by Thomson Reuters expected the company to report earnings of $2.34 per share and revenues of $1.85 billion. Analysts' estimates typically exclude special items.
FLIR's Board of Directors has approved a quarterly cash dividend of $0.17 per share on FLIR common stock, an increase of 6% over the previous quarterly dividend of $0.16 per share. The Board of Directors has declared the dividend payable on March 8, 2019, to shareholders of record as of close of business on February 22, 2019.
Copyright RTT News/dpa-AFX
© 2019 AFX News
