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Jun 30, 2021
Bruker Q2 2021 Earnings Report
Bruker's financial performance grew strongly driven by robust demand and strong recovery.
Key Takeaways
Bruker Corporation reported a strong second quarter in 2021, with a revenue increase of 34.4% compared to the second quarter of 2020. GAAP EPS was $0.38 and non-GAAP EPS was $0.44. The company is raising its fiscal year 2021 guidance for revenue growth, non-GAAP operating margin expansion and non-GAAP EPS.
Q2 2021 revenue growth of 34.4% year-over-year; organic revenue growth of 27.2%.
Q2 2021 GAAP EPS of $0.38.
Q2 2021 non-GAAP EPS of $0.44, compared to $0.21 in Q2 2020.
Strong financial performance in the Bruker Scientific Instruments and BEST businesses drives a further increase in fiscal year 2021 guidance.
Bruker
Bruker
Bruker Revenue by Segment
Bruker Revenue by Geographic Location
Revenue by Segment
BEST Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Bruker is raising its fiscal year 2021 guidance for revenue growth, non-GAAP operating margin expansion and non-GAAP EPS.
Positive Outlook
- Reported revenue growth of 17% to 19%.
- Organic revenue growth of 14% to 16%.
- Foreign currency revenue tailwind of 3%.
- Non-GAAP operating margin expansion of 270 basis points to 310 basis points over FY 2020 non-GAAP operating margin of 16.0%, including a foreign currency headwind of 30 basis points in FY 2021.
- Non-GAAP EPS between $1.88 and $1.93, representing a year-over-year increase of 39% to 43%.