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Last $62.23 USD
Change Today -1.16 / -1.83%
Volume 83.2K
FARO On Other Exchanges
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

faro technologies inc (FARO) Snapshot

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52 Week High
12/26/14 - $65.63
52 Week Low
04/30/14 - $39.75
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faro technologies inc (FARO) Details

FARO Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and supports software driven, three-dimensional (3-D) measurement, imaging, and realization systems for manufacturing, industrial, architecture, surveying, building construction, and law enforcement applications. The company offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and computer-aided measurement (CAM2) software programs; and FARO Laser ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products without touching them, as well as offers a seven-axis contact/non-contact measurement device with an integrated laser scanner. It also provides FARO Gage, a combination of an articulated arm device with a computer and software; FARO Laser Tracker Vantage that combines a laser measurement tool, a computer, and CAM2 software programs; FARO 3D Imager AMP, a non-contact 3D imager for collecting millions of points to generate infinitely-focused fringe patterns; and FARO Focus3D to measure and collect a cloud of data points. In addition, the company offers FARO Freestyle3D, a high-precision, handheld scanner that documents rooms, structures, and objects in 3-D, as well as creates high-definition point clouds; and FARO Software, a proprietary CAD-based measurement and laser scanner software. Further, it provides CAM2 Measure 10 to complete measurement jobs; FARO CAM2 Smartinspect, a CAM2 solution for measuring geometry and building dimensions; FARO SCENE software to deliver a scan processing solution; and FARO Forensics software for law enforcement officers, firefighters, and loss control engineers. The company sells its products through direct sales and distributors in the United States, Brazil, Mexico, Germany, Switzerland, the United Kingdom, France, Italy, Singapore, Japan, China, and India. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.

1,223 Employees
Last Reported Date: 02/25/15
Founded in 1981

faro technologies inc (FARO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $462.7K
Managing Director of Americas and Senior Vice...
Total Annual Compensation: $333.5K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $302.1K
Managing Director of Europe, Middle East & Af...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2014.

faro technologies inc (FARO) Key Developments

FARO Technologies Inc. Provides Sales Guidance for the First Quarter Ended March 28, 2015

FARO Technologies Inc. provided sales guidance for the first quarter ended March 28, 2015. For the period, the company expects to report sales of approximately $70 million, a decrease of approximately 5% from the same quarter last fiscal year. Excluding a $7 million negative foreign exchange impact, preliminary sales for the first quarter of 2015 are expected to increase by approximately 5% as compared to the first quarter of 2014. This decrease is principally due to the following negative effects, which were partially offset by strong units sold growth in the Europe/Africa region of Laser Tracker and Laser Scanner: negative foreign exchange impact of approximately $7 million driven primarily by the decline in the Euro and Yen relative to the U.S. dollar; weaker macro-economic conditions in Japan combined with the limited release of manufacturing stimulus funds which, in turn, decreased industrial demand in Japan for capital purchases; and weaker industrial demand in Brazil due to recent macro-economic events.

FARO Technologies Inc. Announces Release of the Newly Designed PointSense for Autodesk's Revit®

FARO Technologies Inc. announced the release of the newly designed PointSense for Autodesk's Revit® building design software. PointSense introduced breakthrough functionality to significantly improve the evaluation and conversion of point cloud data to Building Information Modeling (BIM). BIM has become a standard in the planning, building and management of new facilities and Autodesk Revit® is one of the most established BIM programs for the Architecture, Engineering and Construction (AEC) industry. FARO's latest software release accelerates and simplifies the analysis and design of laser scan data directly in Autodesk Revit®.

Faro Technologies Inc. Announces Management Changes

FARO Technologies Inc. announced that the company and Peter G. Abram have mutually agreed that Mr. Abram will resign from his position as the company's Senior Vice President and Chief Financial Officer, effective immediately, in connection with a recent family tragedy and other reasons. The company has commenced a comprehensive search for a new Chief Financial Officer to succeed Mr. Abram. Until the company appoints a new Chief Financial Officer, Janet D'Anjou, the company's Vice President and Corporate Controller, will serve as the company's interim principal financial officer and interim principal accounting officer. Ms. D'Anjou, age 39, has served as Vice President and Corporate Controller of the Company since May 2014. Prior to joining the Company, Ms. D'Anjou was employed at Tupperware Brands Corporation as Director, Financial Reporting (U.S. and Canada Operating Unit) from 2011 to May 2014 and as Director, External Reporting/Assistant Controller from 2007 to 2011.


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Valuation FARO Industry Range
Price/Earnings 32.2x
Price/Sales 3.1x
Price/Book 3.1x
Price/Cash Flow 26.3x
TEV/Sales 2.7x

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