Faro Technologies Inc.

NASDAQ:FARO   3:59:50 PM EDT
72.45
-0.55 (-0.75%)
Products, Other Pre-Announcement, Equity Financing / Related

FARO Announces Consolidation And Outsourcing Of Manufacturing

Published: 07/16/2021 13:39 GMT
Faro Technologies Inc. (FARO) - Faro Announces Consolidation and Outsourcing of Manufacturing.
Faro Technologies Inc - Phased Transition to a Sanmina Production Facility is Expected to Be Completed Over Next Twelve Months.
Faro Technologies Inc - Believes Expected Savings Will Have a Negligible Impact on 2021, Followed by Steady Improvement Through 2022.
Faro Technologies Inc - Expects to Incur a Cash Charge of Approximately $6 Million in Second Half of 2021.