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Sep 30, 2021
Bruker Q3 2021 Earnings Report
Bruker's Q3 2021 financial results were released, showing strong revenue growth and increased earnings per share.
Key Takeaways
Bruker reported a strong third quarter in 2021, with revenues up 19.1% year-over-year to $608.9 million. GAAP EPS increased by 63% to $0.57, and non-GAAP EPS rose by 50% to $0.63. The company is raising its full-year 2021 guidance due to strong demand.
Q3 2021 revenues reached $608.9 million, a 19.1% increase year-over-year.
Organic revenue growth was 17.8% in Q3 2021.
GAAP EPS for Q3 2021 was $0.57, up 63% year-over-year.
Non-GAAP EPS for Q3 2021 was $0.63, a 50% increase year-over-year.
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CapyFin.com Forward Guidance
Bruker is raising its fiscal year 2021 guidance due to strong demand. The company expects revenue growth of 19.5% to 20.5%, organic revenue growth of 16.5% to 17.5%, and non-GAAP EPS between $2.05 and $2.09.
Positive Outlook
- Reported revenue growth of 19.5% to 20.5%.
- Organic revenue growth of 16.5% to 17.5%.
- A combined tailwind from foreign currency and acquisitions of 3%.
- Non-GAAP operating margin of 19.5% to 20.0%.
- Non-GAAP EPS between $2.05 and $2.09, representing a year-over-year increase of 52% to 55%.