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Excluding explains baseball tickets theeffects of coors field baseball spells out exchange rates, revenue increased by 12% in the secondquarter. Operating income in the second quarter was $84.7 million, up 31%from $64.7 million in the second quarter of 2008. Second quarter 2009 netincome was $55.7 million, or $0.35 per diluted share, compared with netincome of $44.6 million, or $0.29 per diluted share, in the secondquarter a year ago. Cash provided by operations during the quarter was$57.7 million.Revenue from the Company's Government Systems division increased 22% overthe second quarter of 2008, to $160.4 million, with strength in stabilizedgimbaled systems. Revenue from the Company's Commercial Vision Systemsdivision increased 4% over the second quarter of last year, to $50.8million, reflecting growth in the cores and components markets. Revenuefrom the Company's Thermography division decreased 17% from the secondquarter of last year, to $66.8 million, primarily due to changes inexchange rates and lower demand for high-value products for the predictivemaintenance market.
Excluding the effect of exchange rates, Thermographyrevenue decreased 9% in the quarter.The Company's backlog of firm orders for delivery within the next twelvemonths was approximately $598 million at June 30, 2009, a decrease of $19million during the quarter rockies blankets . Backlog in the Government System's divisionwas $467 million, down $37 million during the quarter rocky mountains . Backlog in theCommercial Vision Systems division was $108 million, up $13 million duringthe quarter, while backlog in the Thermography division was $23 million,up $5 million during the quarter."We are pleased with our performance in the second quarter nhl rockies . Gross andoperating margins remained at record levels, operating cash flow remainedstrong, and backlog in our commercial businesses increased significantly.We achieved this performance through continued solid execution in adifficult economy, as all three divisions once again improved gross andoperating margins over the prior year," noted Earl Lewis, President andCEO.Revenue and Earnings Outlook for 2009Based on its financial results for the first half of 2009, and the outlookfor the remainder of the year, FLIR announced today that it is revisingits outlook for revenue and earnings per share for the full year 2009.Management currently expects revenue for 2009 to be in the range of $1.1billion to $1.15 billion, a reduction of $100 million compared with theprevious outlook hockey rockies . In the first half of 2009, the effect of currency ratesreduced revenue by approximately $33 million, and such effects areexpected to continue in the second half. As a result of lower revenue,management has narrowed its earnings per share outlook to the low end ofits previous outlook and currently expects net earnings to be in therange of $1.40 to $1.44 per diluted share, compared with the previousoutlook of $1.40 to $1.47 per diluted share.Conference CallFLIR has scheduled a conference call at 8:00 am EDT today. A simultaneouswebcast will be available from the Investor Relations link at.
A replay will be available after 12:00 PM EDT at this sameinternet address rockys baseball . For a telephone replay, dial (800) 642-1687, ConferenceID #17141344 after 12:00 PM EDT.About FLIR SystemsFLIR Systems, Inc todd helton . is a world leader in the design, manufacture, andmarketing of thermal imaging and stabilized camera systems for a widevariety of thermography and imaging applications including conditionmonitoring, research and development, manufacturing process control,airborne observation and broadcast, search and rescue, drug interdiction,surveillance and reconnaissance, navigation safety, border and maritimepatrol, environmental monitoring and ground-based security baseball . Visit theCompany's web site at StatementsThe statements in this release by Earl R coors field baseball . Lewis and the statements in thesection captioned "Revenue and Earnings Outlook for 2009" above areforward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995. Such statements are based on currentexpectations, estimates and projections about the Company's businessbased, in part, on assumptions made by management. These statements arenot guarantees of future performance and involve risks and uncertaintiesthat are difficult to predict.
In addition, such statementscould be affected by general industry and market conditions and growthrates, and general domestic and international economic conditions coors field seating chart . THOUSAND OAKS, Calif.--(Business Wire)--Teledyne Technologies Incorporated (NYSE:TDY):* Second quarter 2009 sales and earnings per share were $441.1 million and$0.69, respectively* Both were below second quarter 2008 due to a challenging environment inselected commercial businesses* Second quarter 2009 earnings per share improved $0.12 from first quarter 2009,on essentially flat sales, due to effective cost management* Affirming previous full year 2009 outlookTeledyne Technologies today reported second quarter 2009 sales of $441.1million, compared with sales of $478.8 million for the same period of 2008 rocky mountains . Netincome for the second quarter of 2009 was $25.2 million ($0.69 per dilutedshare), compared with net income of $32.6 million ($0.89 per diluted share) inthe second quarter of 2008 nhl rockies . "Considering the continued softening of the economy, I am pleased with ourfinancial performance this quarter . We have sized our commercial businesses inline with current market demand, and we are managing the company appropriately,"said Robert Mehrabian, chairman, president and chief executive officer "Yearover year comparisons were certainly difficult. However, while total salesincreased only modestly in the second quarter compared to the first quarter of2009, operating profit increased in each business segment, and free cash flowwas $31.4 million, which was 25% greater than second quarter 2009 net income.Despite our improved performance relative to the first quarter, and even thoughsecond quarter 2009 orders exceeded sales by 7.6%, we continue to expect 2009 tobe a challenging year. However, we believe the mix of our businesses, includingexpected stability in our defense and government operations, coupled with ouraggressive cost controls, should allow Teledyne to outperform in such anenvironment." Review of Operations (comparisons are with the secondquarter of 2008, unlessnoted otherwise) Electronics and CommunicationsThe Electronics and Communications segment`s second quarter 2009 sales were$305.1 million, compared with $316.3 million, a decrease of 3.5%.
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