Oct 29th 2012 - Edison Investment Research today published a report on Industrials entitled "Lorex Typifies Strategy". In summary, the report says:
FLIR announced Q3 results in line with expectations, along with the acquisition of Lorex Technology. This gives FLIR the opportunity to broaden its exposure to the consumer security market, in line with its strategy to bring higher-volume, lower-cost thermal products to the group’s mix. With strong US sales offset by weakness in international markets, particularly in EMEA, the business has right-sized operations to ensure improved efficiency in these markets and has continued to focus on providing a lower-cost, commercial approach to government markets, which is yielding benefits in this cost-conscious environment.
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