Last $38.88 USD
Change Today +1.34 / 3.57%
Volume 73.2K
FARO On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:28 AM 05/22/13 All times are local (Market data is delayed by at least 15 minutes).

faro technologies inc (FARO) Snapshot

Open
$37.61
Previous Close
$37.54
Day High
$39.02
Day Low
$37.61
52 Week High
05/22/12 - $49.33
52 Week Low
01/14/13 - $31.10
Market Cap
664.5M
Average Volume 10 Days
110.9K
EPS TTM
$1.28
Shares Outstanding
17.1M
EX-Date
--
P/E TM
30.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for FARO TECHNOLOGIES INC (FARO)

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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 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. The company also offers FARO Software, a proprietary CAD-based measurement and laser scanner software; CAM2 Measure 10 to measure jobs; FARO CAM2 Gage Software for measuring geometry and building dimensions; and FARO SCENE, a software to deliver scan processing solutions. In addition, 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 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.

961 Employees
Last Reported Date: 02/27/13
Founded in 1981

faro technologies inc (FARO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $431.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $246.8K
Senior Vice President and Managing Director o...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2012.

faro technologies inc (FARO) Key Developments

FARO Technologies Mulls Acquisition

FARO Technologies Inc. (NasdaqGS:FARO) is looking for acquisition opportunities. President and Chief Executive Officer, Jay Freeland said, “There are several companies out there that are of extreme interest, and without saying where we would be in dialogue with any company for sure, the pursuit of acquisitions is something that is still of high interest and the current market environment does not change that. Because the types of acquisitions that we look at give the opportunity to expand the portfolio, expand a complete offering to the customer base allow us to more aggressively penetrate the verticals that we tend to be best in, and give us the opportunity to have a complete suite of products for those customers. So that side of it doesn't change at all from a strategic standpoint”.

FARO Technologies Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2013

FARO Technologies Inc. announced unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported total sales of $65,370,000 against $65,229,000 a year ago. Income from operations was $5,702,000 against $8,433,000 a year ago. Income before income tax expense was $5,602,000 against $8,661,000 a year ago. Net income was $4,574,000 or 0.27 basic and diluted per share against $6,750,000 or $0.39 diluted per share a year ago. Net cash provided by operating activities was $10,273,000 against $4,334,000 a year ago. Purchases of property and equipment were $256,000 against $703,000 a year ago. Payments for intangible assets were $494,000 against $193,000 a year ago.

FARO Technologies Inc., Q1 2013 Earnings Call, May 01, 2013

FARO Technologies Inc., Q1 2013 Earnings Call, May 01, 2013

 

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Industry Analysis

FARO

Industry Average

Valuation FARO Industry Range
Price/Earnings 30.6x
Price/Sales 2.3x
Price/Book 2.2x
Price/Cash Flow 22.7x
TEV/Sales 1.7x
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