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faro technologies inc (FT1) 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 (FT1) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $447.1K
Managing Director of Europe, Middle East & Af...
Total Annual Compensation: $150.0K
Managing Director of Americas Region and Seni...
Total Annual Compensation: $143.8K
Compensation as of Fiscal Year 2013.

faro technologies inc (FT1) Key Developments

FARO Technologies Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014 Provides Tax Rate Guidance for the Year 2015

FARO Technologies Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s sales increased 15.9% to $104.2 million from $89.9 million in the fourth quarter of 2013.  Net income increased $2.8 million, or 34.6%, to $11.1 million, or $0.64 per share from $8.3 million, or $0.48 per share, in the fourth quarter of 2013.  Income from operations was $12,978,000, compared to $11,369,000 for the last year. Income before income tax expense was $13,021,000, compared to $11,454,000 for the last year. For the year, the company’s sales increased 17.2% to $341.8 million compared with the preceding year.  Net income increased 56.4% to $33.6 million or $1.93 per share, as compared with $21.5 million or $1.25 per share in fiscal 2013.  Income from operations was $37,340,000, compared to $30,154,000 for the last year. Income before income tax expense was $37,522,000, compared to $28,862,000 for the last year. Net cash provided by operating activities was $5,658,000, compared to $32,278,000 for the last year. Purchases of property and equipment were $18,722,000, compared to $4,350,000 for the last year. Payments for intangible assets were $1,221,000, compared to $2,204,000 for the last year. Excluding the discrete tax benefit of $4.5 million, net income in 2014 would have been $29.1 million or $1.67 per share. Foreign exchange rates negatively impacted net income by $0.9 million or $0.05 per share in 2014. The company provided tax rate guidance for the year 2015. For the year, the company expects in the 24% to 26% range.

FARO Technologies Inc. to Report Q4, 2014 Results on Feb 25, 2015

FARO Technologies Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 25, 2015

FARO Technologies Inc., Q4 2014 Earnings Call, Feb 26, 2015

FARO Technologies Inc., Q4 2014 Earnings Call, Feb 26, 2015


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