Q2 2024 Bruker Corp Earnings Call Transcript
Key Points
- Bruker Corp (BRKR) reported a 17.4% increase in Q2 2024 revenues, reaching $800.7 million.
- Organic revenue growth was strong at 7.4%, with BSI achieving 8.6% organic growth.
- The company maintained its full-year organic revenue growth guidance of 5% to 7%.
- Recent acquisitions, including Chemspeed, ELITech, and NanoString, are performing well and contributing to revenue growth.
- Bruker Corp (BRKR) is benefiting from strong orders in semiconductor metrology, driven by high-performance computing for the AI megatrend.
- Biopharma demand remains weak, impacting overall revenue growth.
- Customers in China are delaying purchase decisions, affecting short-term revenue expectations.
- Non-GAAP operating margin decreased by 150 basis points year-over-year to 13.8%, due to acquisition-related headwinds.
- GAAP diluted EPS dropped significantly to $0.05 per share in Q2 2024, compared to $0.39 in Q2 2023.
- Free cash flow was negative, with a $25.1 million outflow in Q2 2024, compared to a $10.5 million outflow in Q2 2023.
Good day and welcome to the Bruker Corporation second-quarter 2024 earnings call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Mr. Joe Kostka. Please go ahead, sir.
Good morning. I would like to welcome everyone to Bruker Corporation's second-quarter 2024 earnings conference call. My name is Joe Kostka, Associate Director of Bruker Investor Relations. Joining me on today's call are Frank Laukien, our President and CEO; and Gerald Herman, our EVP and CFO.
In addition to the earnings release, we issued earlier today. During today's conference call, we will be referencing a slide presentation that can be downloaded from the events and presentations section of Bruker's Investor Relations website.
During today's call, we will be highlighting non-GAAP financial information. Reconciliations of our non-GAAP to GAAP financial measures are included in our earnings release and are posted on our website at ir
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
