Business
Bruker Announces Final Fourth Quarter and Fiscal Year 2019 Financial Results
Q4 2019 revenue growth of 8.4%, organic revenue growth of 5.2% year-over-year FY 2019 revenue growth of 9.3%, organic revenue growth of 5.7% year-over-year
About this update from Bruker Corporation
[{"type":"text","content":"\n\nQ4 2019 revenue growth of 8.4%, organic revenue growth of 5.2% year-over-year\n\n\nFY 2019 revenue growth of 9.3%, organic revenue growth of 5.7% year-over-year \n\n\nQ4 2019 GAAP EPS of $0.44; non-GAAP EPS of $0.53, a decrease of 2% year-over-year\n\n\nFY 2019 GAAP EPS of $1.26; non-GAAP EPS of $1.57, an increase of 12% year-over-year \n\n\nSuspends FY2020 guidance due to COVID-19 disruption\n\n\n BILLERICA, Mass.--(BUSINESS WIRE)--\nBruker Corporation (Nasdaq: BRKR) today announced final audited financial results for the fourth quarter and fiscal year 2019, and the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. The Company’s Audit Committee with the assistance of independent, external legal counsel and independent forensic accountants has concluded its internal investigation into an allegation related to the Company’s year-end close, primarily related to income tax matters, including the effective income tax rate for 2019 and the related income tax balance sheet accounts. With today’s Form 10-K filing, Bruker is now current with its SEC reporting obligations and in compliance with its Nasdaq continued listing requirements.\n\n\nBruker’s final operating results for the fourth quarter and fiscal year 2019, including revenue and operating income were unchanged from the preliminary operating results reported in Bruker’s press release and 8-K filing, dated February 18, 2020.\n\n\nFourth Quarter 2019 Financial Results\n\n\nAs previously announced on February 18, 2020, Bruker’s revenues for the fourth quarter of 2019 were $599.9 million, an increase of 8.4% compared to the fourth quarter of 2018. In the fourth quarter of 2019, Bruker’s year-over-year organic revenue growth was 5.2%. Growth from acquisitions was 4.3%, constant currency growth was 9.5%, while foreign currency translation had a negative effect of 1.1%.\n\n\nFourth quarter 2019 GAAP operating income was $117.7 million, compared to $106.4 million in the fourth quarter of 2018, representing GAAP operating margins of 19.6% and 19.2%, respectively. Non-GAAP operating income was $132.5 million, compared to $122.8 million in the fourth quarter of 2018. Bruker’s fourth quarter 2019 non-GAAP operating margin was 22.1%, compared to 22.2% in the fourth quarter of 2018.\n\n\nFourth quarter 2019 GAAP diluted earnings per share (EPS) were...