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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
Bruker Revenue by Segment
Bruker Revenue by Geographic Location
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.