Interlogix Inc. reports first-quarter net income rose 126 percent, driven by higher revenues in its security and life safety and digital video divisions. The company reports net income of $4.3 million, or 22 cents per share, compared with $1.9 million, or 12 cents per share, in the year-earlier period.
Revenues rose 63.8 percent from a year earlier to $158.9 million. Company officials forecast full-year revenues of $640 million to $650 million and earnings of $1.50 to $1.55 per share. However, officials say there are uncertainties in predicting change in the U.S. and global economy and in foreign exchange fluctuations during the next several months.
Second-quarter revenues are expected to be $158 million to $162 million; earnings are seen at 27 cents to 32 cents per share.
Interlogix is a communication technologies and information company.