Faro Technologies Inc is a leading provider of advanced 3D measurement and imaging solutions that cater to a variety of industries including manufacturing, construction, and engineering
The company's product offerings include portable laser scanners, 3D imaging systems, and software solutions that enable precise measurements and data analysis. Faro's technology is utilized for applications such as quality control, product design, and building information modeling, helping organizations enhance efficiency, improve accuracy, and streamline workflows. Through innovation and a commitment to high standards, Faro serves a global customer base that relies on its tools for complex measurement needs.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the inspection instruments industry, including Keysight (NYSEKEYS) and its peers.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the inspection instruments industry, including Teledyne (NYSETDY) and its peers.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the inspection instruments industry, including Badger Meter (NYSEBMI) and its peers.
Shares of 3D measurement and imaging company FARO (NASDAQFARO) jumped 18.1% in the afternoon session after the company reported a strong Q4 2024 quarter, with revenue, EBITDA, and EPS surpassing Wall Street's estimates. While revenue did decline 5% y/y due to softer demand, the real story here is margin expansion. Gross margins jumped to 56.7% from 50.9% last year, helping drive profitability gains.
3D measurement and imaging company FARO (NASDAQFARO) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.4% year on year to $93.54 million. The company expects next quarter’s revenue to be around $81 million, close to analysts’ estimates. Its non-GAAP profit of $0.50 per share was 25% above analysts’ consensus estimates.
Topcon Corporation and FARO Technologies have announced a strategic agreement to develop and distribute innovative solutions in the laser scanning market. The agreement is expected to expand access to cutting-edge digital reality solutions and result in complementary product developments, such as the seamless integration of Topcon and Sokkia solutions with FARO’s solutions. Building on this collaboration will strengthen both companies’ offerings and provide added value to users.
LAKE MARY, Fla., Feb. 17, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced that after market close on Monday, February 24, 2025, it will release its financial results for the fourth quarter and full year ended December 31, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Senior Vice President and Chief Financial Officer, will host a conference call on Monday, February 24, 2025, at 4:30 pm. ET. Interested parties can access the conference call by dialing +1 800-579-2543 (U.S.) or +1 785-424-1789 (International) and using the passcode FARO. To avoid a delay in connecting to the call, please dial in 10 minutes prior to the start time. A live webcast will be available in the Investor Relations section of FARO's website at: https://www.faro.com/about-faro/investor-relations/events
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Teledyne (NYSETDY) and the best and worst performers in the inspection instruments industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the inspection instruments industry, including Itron (NASDAQITRI) and its peers.
Let’s dig into the relative performance of Keysight (NYSEKEYS) and its peers as we unravel the now-completed Q3 inspection instruments earnings season.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Mirion (NYSEMIR) and the rest of the inspection instruments stocks fared in Q3.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Badger Meter (NYSEBMI) and its peers.
The hottest markets following the Fed's 25 basis point rate cut weren't big tech but the small caps, confirming the sector rotation which began over the summer.
3D measurement and imaging company FARO (NASDAQFARO) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, but sales fell 4.9% year on year to $82.56 million. The company expects next quarter’s revenue to be around $92 million, close to analysts’ estimates. Its GAAP loss of $0.02 per share was also 93% above analysts’ consensus estimates.
