NASDAQ$BRKR

Bruker Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Bruker reported Q3 2024 financial results with revenue up 16.4% year-over-year and organic revenue up 3.1%.

Bruker reported Q3 2024 revenues of $864.4 million, a 16.4% increase year-over-year. GAAP diluted EPS was $0.27, and non-GAAP diluted EPS was $0.60. The company updated its FY2024 guidance, expecting revenues of $3.34 to $3.37 billion and non-GAAP EPS of $2.36 to $2.41.

  • Q3 2024 revenues reached $864.4 million, a 16.4% increase year-over-year.
  • Bruker organic revenue grew by 3.1% year-over-year.
  • GAAP diluted EPS was $0.27, while non-GAAP diluted EPS was $0.60.
  • FY2024 revenue is projected to be $3.34 to $3.37 billion, with organic revenue growth of 3% to 4%.

Headline financials

Total Revenue

$864M

Previous: $743M+16.4%
EPS

$0.27

Previous: $0.74-63.5%
Non-GAAP Operating Margin

14.9%

Previous: 20.0%-25.5%
GAAP Operating Margin

7.9%

No prior period
Capital Expenditures

-$78.6M

Previous: -$75.4M-4.2%
Free Cash Flow

-$37.7M

Previous: $12.7M-396.9%
Net Income

$40.9M

Previous: $88.1M-53.6%
Operating Income

$68.1M

Previous: $125M-45.3%
Gross Profit

$419M

Previous: $383M+9.4%
Cash & Equivalents

$148M

Previous: $364M-59.3%
Total Assets

$6.11B

Previous: $3.82B+60.0%
R&D Expense

$98.1M

Previous: $71.3M+37.6%
Stock-Based Comp

$6.3M

Previous: $5.7M+10.5%

Revenue & EPS history

Bruker · Revenue · Quarterly

$864M

Q3 2024+16.4%vs Q3 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Bruker · $70.6M total across 1 segment · Q3 2023

  • BEST
    $70.6M+19.1%

Forward guidance

Bruker expects FY2024 revenues of $3.34 to $3.37 billion, with organic revenue growth of 3% to 4%, and non-GAAP EPS of $2.36 to $2.41.

Tailwinds

  • Revenue between $3.34 and $3.37 billion.
  • Organic revenue growth of 3% to 4%.
  • Contribution from M&A approximately 9.5%.
  • CER revenue growth of approximately 13%.
  • Non-GAAP EPS of $2.36 - $2.41

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 2024

Historical avgQ3 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro