Business
Bruker Reports Fourth Quarter and Fiscal Year 2022 Financial Results
Q4 2022 revenues $708.4 million, up 3.6% year-over-year (yoy); organic revenue growth of 8.9% Q4 2022 GAAP EPS $0.66; non-GAAP EPS $0.74, up 25.4% yoy FY
About this update from Bruker Corporation
[{"type":"text","content":"\n\nQ4 2022 revenues $708.4 million, up 3.6% year-over-year (yoy); organic revenue growth of 8.9%\n\n\nQ4 2022 GAAP EPS $0.66; non-GAAP EPS $0.74, up 25.4% yoy\n\n\nFY 2022 revenues $2.531 billion, up 4.7% yoy; organic revenue growth of 10.2%\n\n\nFY 2022 GAAP EPS $1.99; non-GAAP EPS $2.34, up 11.4% yoy\n\n\nBruker expects FY 2023 organic revenue growth of 8% to 10% yoy\n\n\n BILLERICA, Mass.--(BUSINESS WIRE)--\nBruker Corporation (Nasdaq: BRKR) today announced financial results for its fourth quarter and for the fiscal year ended December 31, 2022.\n\nFourth Quarter 2022 Financial Results\n\nBruker’s revenues for the fourth quarter of 2022 were $708.4 million, an increase of 3.6% compared to $683.5 million in the fourth quarter of 2021. In the fourth quarter of 2022, revenues increased 8.9% organically year-over-year. Growth from acquisitions was 1.7%, while foreign currency translation had a negative effect of 7.0%.\n\nFourth quarter 2022 Bruker Scientific Instruments (BSI) revenues of $651.8 million increased 3.6% year-over-year, with organic revenue growth of 8.5%. Fourth quarter 2022 Bruker Energy & Supercon Technologies (BEST) revenues of $58.9 million increased 1.9% year-over-year, with organic revenue growth, net of intercompany eliminations, of 13.6%.\n\nFourth quarter 2022 GAAP operating income was $131.0 million, an increase of 4.5% compared to $125.4 million in the fourth quarter of 2021, representing GAAP operating margins of 18.5% and 18.3%, respectively. Non-GAAP operating income was $148.9 million in the fourth quarter of 2022, an increase of 3.5% compared to $143.8 million in the fourth quarter of 2021. Bruker’s fourth quarter 2022 non-GAAP operating margin was 21.0%, consistent with 21.0% in the fourth quarter of 2021.\n\nFourth quarter 2022 GAAP diluted earnings per share (EPS) were $0.66, compared to $0.50 in the fourth quarter of 2021. Fourth quarter 2022 non-GAAP diluted EPS were $0.74, an increase of 25.4% compared to $0.59 in the fourth quarter of 2021.\n\nFiscal Year 2022 Financial Results\n\nFor fiscal year (FY) 2022, Bruker’s revenues were $2.531 billion, an increase of 4.7% from $2.418 billion in FY 2021. In FY 2022, revenues increased 10.2% organically year-over-year. Growth from acquisitions was 1.4%, while foreign currency translation had a negative effect of 6.9%.\n\nIn FY 2022, BSI revenues of $2...