FARO Reports Fourth Quarter and Fiscal Year 2018 Financial Results

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

 (UNAUDITED)





Years ended December 31,

(in thousands)


2018


2017


2016

Net income (loss)


$

4,930


$

(14,516)


$

11,107

Currency translation adjustments, net of income tax


(10,661)


16,739


(4,700)

Comprehensive (loss) income


$

(5,731)


$

2,223


$

6,407

 

 

FARO TECHNOLOGIES, INC. AND SUBSIDIARIES


UNAUDITED SUPPLEMENTAL DATA






Three Months Ended


Twelve Months Ended


(sales in thousands)


Q4 2018 Sales


Q4 2017 Sales


% Change


Q4 2018 Sales


Q4 2017 Sales


% Change


Reporting Segments














3D Manufacturing (1)


$

75,602


$

70,940


6.6

%


$

264,430


$

243,464


8.6

%


Construction BIM (2)


26,226


25,798


1.7

%


96,185


86,349


11.4

%


Emerging Verticals (3)


11,016


9,685


13.7

%


43,012


31,104


38.3

%


Total sales, as reported


$

112,844


$

106,423


6.0

%


$

403,627


$

360,917


11.8

%



(1) The 3D Manufacturing reporting segment (formerly known as Factory Metrology and 3D Factory) contains solely our 3D Manufacturing vertical (formerly our Factory Metrology/3D Factory and 3D Machine Vision verticals).

(2)  The Construction BIM reporting segment contains solely our Construction BIM vertical (formerly known as Construction BIM-CIM).

(3) The Emerging Verticals reporting segment (formerly known as Other) includes our 3D Design (formerly known as Product Design), Public Safety Forensics, and Photonics verticals.


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