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Mar 31, 2021
Bruker Q1 2021 Earnings Report
Bruker reported strong revenue growth and operating performance improvements in Q1 2021.
Key Takeaways
Bruker Corporation reported a 30.8% increase in revenue for Q1 2021, with organic revenue growth of 23.8%. GAAP EPS was $0.37, and non-GAAP EPS was $0.44. The company is raising its fiscal year 2021 outlook due to strong demand.
Q1 2021 revenue increased by 30.8% year-over-year.
Organic revenue growth for Q1 2021 was 23.8%.
GAAP EPS for Q1 2021 was $0.37.
Non-GAAP EPS for Q1 2021 was $0.44, compared to $0.14 in Q1 2020.
Bruker
Bruker
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CapyFin.com Forward Guidance
Bruker is increasing its FY 2021 revenue growth, operating margin expansion and EPS outlook to reflect strong demand.
Positive Outlook
- Organic revenue growth of approximately 11% to 13%.
- Foreign currency revenue tailwind of approximately 3%.
- Reported revenue growth of approximately 14% to 16%.
- Non-GAAP operating margin expansion of 210 bps to 250 bps.
- Non-GAAP EPS of $1.82 to $1.87.
Challenges Ahead
- Accelerated R&D investments of approximately 10% of revenue.
- Foreign currency headwind of approximately 50 basis points affecting non-GAAP operating margin.
- Uncertainty regarding the impact of restructuring actions.
- Unpredictability of unusual gains and losses.
- Inability to forecast acquisition-related expenses and purchase accounting fair value adjustments.