Last $55.71 USD
Change Today +2.64 / 4.97%
Volume 159.4K
FARO On Other Exchanges
As of 8:10 PM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

faro technologies inc (FARO) Snapshot

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12/27/13 - $60.91
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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-based three-dimensional measurement and imaging systems for manufacturing, industrial, building construction, and forensic applications. The company’s articulated electromechanical measuring devices include 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 combination of a hard probe and non-contact line laser probe to measure products without touching them and offers a seven-axis contact/non-contact measurement device with an integrated laser scanner. It also provides FARO Gage, 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 Focus3D to measure and collect data points; and FARO 3D Imager AMP, a non-contact 3D imager capable of collecting millions of points to generate infinitely-focused fringe patterns. In addition, the company offers FARO Software, a proprietary CAD-based measurement and laser scanner software; CAM2 Measure 10 that allows customers to complete measurement jobs; FARO CAM2 Gage Software for measuring geometry and building dimensions; and FARO SCENE, a software to deliver scan processing solutions. Further, it provides extended warranties, as well as support, training, and technology consulting services. The company sells its products through direct sales and distributors. It serves automobile, aerospace, and heavy equipment markets, as well as universities and law enforcement agencies in the Americas, Europe, Africa, and the Asia Pacific. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.

1,078 Employees
Last Reported Date: 02/26/14
Founded in 1981

faro technologies inc (FARO) 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 (FARO) Key Developments

FARO Technologies Inc. Announces the Release of FARO CAM2 SmartInspect 1.2

FARO Technologies Inc. announced the release of FARO CAM2 SmartInspect 1.2, the industry's first full-featured portable software for basic geometric measurements, without CAD, for laser trackers and measuring arms. The release reinforces FARO's continued commitment to simplify 3D measurement. CAM2 SmartInspect 1.2 will now interface with FARO's Laser Trackers, providing a simple and efficient solution for those who require the accuracy and large measurement volume provided by the capabilities of laser trackers, but not the complexity of CAD-based software. CAM2 SmartInspect 1.2 has been optimized to run on all Microsoft Windows(TM) based Touch PCs or Touchpads, providing users a new way to interact with inspection data and measurement devices. The addition of touch capability makes the software ideal for fully mobile measurement applications and establishes it as the first portable metrology software for FARO Laser Trackers and FaroArms on the market. Additional new features include a Move Device(TM) function, which streamlines the inspection of large parts, particularly when frequent repositioning is needed. Users can now move their device during the measurement process and measure their part from different positions. By enabling quick identification of correct target correspondence, time requirements to relocate (leapfrog) the arm or tracker is reduced along with the potential for error.

FARO Technologies Inc. Appoints Joe Arezone as Senior Vice President, Managing Director, Europe, Middle East and Africa

FARO Technologies Inc. announced Joe Arezone has been appointed Senior Vice President, Managing Director, Europe, Middle East and Africa. Mr. Arezone has previously served and will continue to serve as Senior Vice President, Managing Director, Asia Pacific Region. Mr. Arezone has assumed responsibilities for the company's Europe, Middle East and Africa region as of November 4, 2014 and will continue to report to Jay Freeland, President and Chief Executive Officer.

FARO Technologies Inc. Provides Sales Guidance for 2014

FARO Technologies Inc. provided sales guidance for 2014. For the full year, the company expects its sales growth will be consistent with its targeted long-term organic growth model of mid-teens annual revenue growth, consistent with its message throughout 2014.


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Valuation FARO Industry Range
Price/Earnings 30.0x
Price/Sales 2.8x
Price/Book 2.7x
Price/Cash Flow 24.1x
TEV/Sales 2.2x

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