•
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
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%.