NASDAQ$BRKR

Bruker Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Bruker's Q3 2021 financial results were released, showing strong revenue growth and increased earnings per share.

Bruker reported a strong third quarter in 2021, with revenues up 19.1% year-over-year to $608.9 million. GAAP EPS increased by 63% to $0.57, and non-GAAP EPS rose by 50% to $0.63. The company is raising its full-year 2021 guidance due to strong demand.

  • Q3 2021 revenues reached $608.9 million, a 19.1% increase year-over-year.
  • Organic revenue growth was 17.8% in Q3 2021.
  • GAAP EPS for Q3 2021 was $0.57, up 63% year-over-year.
  • Non-GAAP EPS for Q3 2021 was $0.63, a 50% increase year-over-year.

Headline financials

Total Revenue

$609M

Previous: $511M+19.1%
EPS (adj)

$0.63

Previous: $0.42+50.0%
Organic Revenue Growth

17.8%

Previous: -4.6%+487.0%
Non-GAAP Operating Margin

20.6%

Previous: 18.6%+10.8%
GAAP Operating Margin

18.6%

Previous: 15.9%+17.0%
Capital Expenditures

-$63.6M

Previous: -$68.4M+7.0%
Free Cash Flow

$23.5M

Previous: -$14.1M+266.7%
Net Income

$87.1M

Previous: $54.3M+60.4%
Operating Income

$113M

Previous: $81.2M+39.4%
Gross Profit

$309M

Previous: $248M+24.3%
Cash & Equivalents

$573M

Previous: $567M+1.0%
Total Assets

$3.13B

Previous: $2.88B+8.6%
Stock-Based Comp

$4.2M

Previous: $4.5M-6.7%

Revenue & EPS history

Bruker · Revenue · Quarterly

$609M

Q3 2021+19.1%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Bruker · $57M total across 1 segment · Q3 2021

  • BEST
    $57M

Forward guidance

Bruker is raising its fiscal year 2021 guidance due to strong demand. The company expects revenue growth of 19.5% to 20.5%, organic revenue growth of 16.5% to 17.5%, and non-GAAP EPS between $2.05 and $2.09.

Tailwinds

  • Reported revenue growth of 19.5% to 20.5%.
  • Organic revenue growth of 16.5% to 17.5%.
  • A combined tailwind from foreign currency and acquisitions of 3%.
  • Non-GAAP operating margin of 19.5% to 20.0%.
  • Non-GAAP EPS between $2.05 and $2.09, representing a year-over-year increase of 52% to 55%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.8%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+3.3%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+14.1%

Q1 2019

Best reaction

-13.1%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.2%+13.8%+48.3%
Q4 2025-11.6%-10.2%-20.5%
Q3 2025+6.4%+2.5%+22.9%
Q1 2025+3.4%+2.1%-2.9%
Q4 2024-1.0%-1.7%-11.0%
Q3 2024-0.6%-2.7%-1.5%
Q2 2024-5.1%-2.4%+2.8%
Q1 2024-11.4%-5.9%-17.1%
Q4 2023+13.4%+15.9%+30.1%
Q3 2023+3.2%+2.2%+15.9%
Q2 2023-6.7%-7.6%-7.1%
Q1 2023-2.1%-4.9%-11.0%
Q4 2022+5.2%+7.3%+1.0%
Q3 2022+9.5%+8.7%+9.6%
Q2 2022-7.4%-9.3%-18.2%
Q1 2022+1.2%-4.0%+5.3%
Q4 2021-7.7%-3.9%-12.1%
Q3 2021+1.7%+1.7%+0.9%
Q2 2021-1.8%+0.4%+8.7%
Q1 2021-0.5%-0.0%+1.4%
Q4 2020+1.1%+3.5%-1.1%
Q3 2020+3.4%+9.2%+21.6%
Q2 2020+0.2%-1.1%-4.1%
Q1 2020+6.2%+4.3%+16.9%
Q4 2019-4.0%-21.4%-8.1%
Q3 2019+12.4%+6.8%+14.9%
Q2 2019-13.1%-12.7%-9.8%
Q1 2019+14.1%+11.3%+9.6%
Q4 2018+6.3%+7.4%+8.5%
Q3 2018+6.6%+6.9%+5.8%
Q2 2018+7.4%+7.0%+9.1%
Q1 2018+2.0%+2.9%+3.4%
Q4 2017-7.8%-5.9%-6.8%
Q3 2017+4.5%+2.8%+9.2%
Q2 2017-1.2%-3.1%+3.2%
Q1 2017+3.8%+4.7%+12.1%
Q4 2016-1.8%-1.2%-3.1%
Q3 2016+3.6%+8.9%+10.1%
Q2 2016-12.2%-10.6%-9.6%
Q1 2016-3.1%
Q4 2015+9.5%
Q3 2015+7.8%
Q2 2015-5.4%
Q1 2015+10.6%
Q4 2014-2.1%
Q3 2014-12.5%
Q2 2014-9.4%
Q1 2014-0.8%
Q4 2013+2.0%
Q3 2013-7.1%
Q2 2013+11.1%
Q1 2013-4.3%
Q4 2012+8.3%
Q3 2012+4.1%
Q2 2012-1.6%
Q1 2012+7.4%
Q4 2011-0.9%
Q4 2009-0.9%
Q3 2010-4.0%
Q3 2011-4.0%
Q2 2010+4.0%
Q2 2011+4.0%
Q1 2010+1.9%
Q4 2010+1.9%
Q1 2011+1.9%

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