Avigilon Q3 2017 Results

Published Nov 08, 2017 16:28 PM

Avigilon's profit-driven business strategy continues. Q3 2017 results show strong growth in several regions, but weaker results in the US. This was the first call after Avigilon's CEO announced his succession plan. Our analysis of Avigilon's results are in this report.

Q3 ******* - ******* ****

******* *** ** ~**% *******, ******* **** flat, ******* ********* ******** ******** *********. Historically, ********* ******** *** **** **********, until ** **** **** **** **** ~4.5%, ***** ******* ***** *********. ** 2017 ********* ******** **** ****, ****** somewhat ****, ~*.*%. ********* *** **** ** ~39, ********** **** **** ** *** reduction ** ********* ******** ** ****** coming **** ******* ******** ****** ***********, *** employee **********.

US ****** ******

********'* ******* ******, *** **, *** the ******** ******* ******, **** *%, essentially ** **** **** ******* ******** growth *********. 

***** ****** ** *** ** *** attributed ** "** ********* ****** ** 2016", ****** *** *********** ****** ******* by **********. *******, ******** ****** ****** growth ** ** **** ** *** regions, **** ** ****** *********** **** US ******, *** ***** ******* (****** much *******), ***** ******* **** ***** average ****** **** *******.

*********** **** *** ** ****** ***** up **** **** ** ********'* ***** revenue, **** ** * *********** ******* for ****** ******, *** ********* *** challenges ******** ***** ** **** ******.

*********

********* *** ****, **** *,*** ********* to *,***, *** **** ****** ** employees ******** ** **. ****** *** investor ****, ** *** ****** **** headcount ** ******** ** ********, ******* indicators *** **** ********'* ***** ** reducing ******** **** ********, ****** ******* to **** ****** *********.

Patent ********* - ***** ***********, *********** ***

* ***** *** ******** ***** $*** ********* ****** ***** *******, ******* *** ************* ** **** *********** are ***** *******. ** *** ********* call, * *** ****** ******** ***** of ********* *** ******** ****** ******** to ******* ****** ********* *******, *** Avigilon ********** ******** ** ***** *** specific ******** ** ********* *******. *** analyst ********* **** **** ***** ****** margins ** ** **** **********, ***** on ****** ********* ***** ***** ****** at ******* ***** ********** *** ****, and **** ******** ******* ** ******** where ******* ********* ***** **** ******. While ******** ** ****** ********** ******* from ****** ********, *** ********** ** that **** ******* (*** ******) ** ***** inconsequential ** *** ******* ********.

Call *** ** *********

*** **** *** ********* *** ** James *********, ***** ******** ******* ********** from *** *** *** ***. ***** Henderson *** ********* ************ ** ******** calls, *** ********* *********** ** *** investors **** ***** ********'* *** ****** involvement ** *********** ***** ** *** business.

CEO ********** **** *********

**** ***** ***** *** ********** **** announcement, ********'* *** ******:

**** ****** *** ***** ** *** business ***, **'* ****** * *** job ** *** *** ****** ********* balancing ***-**-*** **********, ***-**-*** **********, ********* of *** ****-**** ******** *** **** of ****** ****** ******* *** **** on *** ******* ******* **** *** future. And **, **** **** **** ** it ****** ****** ** ** ***** more ** ** **** *** ****** on ****-**** ********, ****-**** ****** ******* to *** *** ****** ***** **** the ** *** **** ** *** leadership **** **** ** ****. *'* *** saying *'* ***** ** **** ******* anytime ****, *** *'** **** ** it *** * **** **** *** sometimes **'* **** ** **** *** torch ** *** *** **** ***** blood ** *****. ** ******, *'* going ** ****** ** ***** **** or **** *** **** *'** **** doing *** ********* ** * ****** level.

*** ***** ** ******* **** *********** ******* of *** ********, *** ******* *** focus ** "********" *** "******" ***** how ******** *** ************ **** * fast-growing "*******" ***** ******** ** * more *********** ************.

 

 

Continued **** ******* *****

********, ********* ******* *********'* ***********, *** been ********** ** ******** *****, ***** maintaining ******* ******* ******. *******, ******** can **** ** *** ** *** before ******* *** ****, *** *** reduced ********* ** ********* ******** **** quarter ***** ** *** ********** **** there ** ****** *** **** ** trim. ************, ******** ******** **** ************ been **** ** ***** "***** *** dined", ************ ** *** **, ***** growth **** ******* *** *******. ** US ****** **** *** *******, ******** may **** ********** ****** ** ******** spending ** ******** ***** ***** ** a ******* ******* **** ******* ****** prices.

 

 

Comments (4)
UE
Undisclosed End User #1
Nov 08, 2017

Assuming good, stable leadership... Is Avigilon (and similar security manufacturing companies) simply seeing strong growth as a result of the North American building boom?

JH
John Honovich
Nov 09, 2017
IPVM
UM
Undisclosed Manufacturer #2
Nov 10, 2017

[Note - Avigilon Employee]

Think James did well in that interview. Not easy stepping in to Alexander's shoes.

(3)
U
Undisclosed #3
Nov 11, 2017
IPVMU Certified

Not easy stepping in to Alexander's shoes.

Not hard for a shoe-in.