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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.
Bruker
Bruker
Bruker Revenue by Segment
Bruker Revenue by Geographic Location
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%.