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Dec 31, 2022
Bruker Q4 2022 Earnings Report
Bruker reported Q4 2022 financial results, with revenue increasing by 3.6% year-over-year and organic revenue growth of 8.9%.
Key Takeaways
Bruker's Q4 2022 results showed revenue growth, driven by strong organic performance. The company reported an increase in both GAAP and non-GAAP EPS, with non-GAAP EPS growing significantly. The company is guiding for continued revenue and EPS growth in FY 2023.
Q4 2022 revenues reached $708.4 million, a 3.6% increase year-over-year, with organic revenue growth of 8.9%.
GAAP EPS for Q4 2022 was $0.66, while non-GAAP EPS was $0.74, up 25.4% year-over-year.
Bruker Scientific Instruments (BSI) revenues increased by 3.6% year-over-year, with organic revenue growth of 8.5%.
Bruker Energy & Supercon Technologies (BEST) revenues increased by 1.9% year-over-year, with organic revenue growth of 13.6%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Bruker expects FY 2023 revenue of $2.81 to $2.86 billion, representing 11% to 13% year-over-year reported revenue growth, including organic revenue growth of 8% to 10%. They anticipate FY 2023 non-GAAP EPS of $2.52 to $2.57, or 8% to 10% year-over-year non-GAAP EPS growth.
Positive Outlook
- Organic revenue growth of 8% to 10%.
- M&A contributions of approximately 1.5%.
- Foreign currency translation tailwind of approximately 1.5%.
- FY 2023 R&D expenses of approximately 10% of revenue.
- FY 2023 non-GAAP EPS of $2.52 to $2.57, or 8% to 10% year-over-year non-GAAP EPS growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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