NASDAQ$BRKR

Bruker Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Bruker's Q4 2019 financial results were announced, revealing an increase in revenue and operating income compared to the previous year, although EPS declined due to a higher effective tax rate.

Bruker Corporation reported an 8.4% increase in revenue for Q4 2019, reaching $599.9 million. GAAP operating income was $117.7 million, with a margin of 19.6%. However, GAAP EPS decreased to $0.44, and non-GAAP EPS decreased to $0.53, driven by a higher effective tax rate.

  • Q4 2019 revenue increased by 8.4% to $599.9 million.
  • Organic revenue growth for Q4 2019 was 5.2%.
  • GAAP operating income for Q4 2019 was $117.7 million, representing a 19.6% margin.
  • GAAP EPS for Q4 2019 was $0.44, while non-GAAP EPS was $0.53.

Headline financials

Total Revenue

$600M

Previous: $554M+8.4%
EPS (adj)

$0.53

Previous: $0.54-1.9%
Organic Revenue Growth

5.2%

No prior period
Non-GAAP Operating Margin

22.1%

No prior period
GAAP Operating Margin

19.6%

No prior period
Capital Expenditures

$28.2M

Previous: $20.3M+38.9%
Free Cash Flow

$108M

Previous: $112M-3.6%
Net Income

$68.6M

Previous: $78.1M-12.2%
Operating Income

$118M

Previous: $106M+10.6%
Gross Profit

$296M

Previous: $273M+8.6%
Cash & Equivalents

$678M

Previous: $322M+110.4%
Total Assets

$2.77B

Previous: $2.13B+30.2%
Stock-Based Comp

-$500K

Previous: $3.1M-116.1%

Revenue & EPS history

Bruker · Revenue · Quarterly

$600M

Q4 2019+8.4%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

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

  • BEST
    $70.6M+19.1%

Forward guidance

Due to the challenging business conditions created by the global spread of COVID-19, Bruker is suspending its guidance for FY 2020. The Company expects to provide a business update on its first quarter 2020 earnings conference call in early May 2020.

Tailwinds

  • Bruker contributes to global healthcare.
  • Bruker contributes to food supply.
  • Bruker contributes to IT infrastructure.
  • Bruker contributes to homeland security.
  • Bruker continues to have a solid balance sheet and a strong liquidity position.

Headwinds

  • Bruker is suspending its guidance for FY 2020.
  • Both revenue and earnings will be lower in the first quarter of 2020 than in the first quarter of 2019.
  • The Company’s second quarter 2020 results are expected to be significantly negatively impacted by COVID-19 related disruptions to the Company’s operations
  • The Company’s second quarter 2020 results are expected to be significantly negatively impacted by COVID-19 related disruptions to customer operations
  • The Company’s second quarter 2020 results are expected to be significantly negatively impacted by COVID-19 related disruptions to global supply chains and logistics.

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 Q4 2019

Historical avgQ4 2019

+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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