Below are the earnings highlights for FARO Technologies Inc (FARO):
Earnings: $0.906 million in Q1 vs. -$7.267 million in the same period last year. EPS: $0.05 in Q1 vs. -$0.38 in the same period last year. Excluding items, FARO Technologies Inc reported adjusted earnings of $6.419 million or $0.33 per share for the period.
Revenue: $82.863 million in Q1 vs. $84.244 million in the same period last year.
Peter Lau, CEO of FARO Technologies, said: “Q1 was an inflection point for FARO, with increasing traction from refreshed products, coupled with the introduction of new solutions and the signing of two impactful partnerships contributing to 6% year-over-year net orders growth. As a result, we delivered GAAP net income of $0.9 million and $12.5 million of adjusted EBITDA, or 15.0% of revenue, surpassing our forecasts.”
Looking ahead, for the second quarter, the company expects net loss of $0.20 to $0.00 per share, with adjusted income per share of $0.20 to $0.40, on revenue of $79 million to $87 million. FARO was up by 8.83 percent at $28.73 in the pre-market trade on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.