Bruker Reports Second Quarter 2019 Financial Results

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[{"type":"text","content":"BILLERICA, Mass., Aug. 1, 2019 /PRNewswire/ -- Bruker Corporation (Nasdaq: BRKR) today announced financial results for its second quarter and for the six months ended June 30, 2019. \n\n \nSecond Quarter 2019 Financial Results\nBruker's revenues for the second quarter of 2019 were $490.2 million, an increase of 10.5% compared to the second quarter of 2018. In the second quarter of 2019, Bruker's year-over-year organic revenue growth was 4.8%. Growth from acquisitions was 8.7%, while foreign currency translation had a negative effect of 3.0%.\nSecond quarter 2019 Bruker Scientific Instruments (BSI) segment revenues of $442.4 million increased 9.9% year-over-year, including organic growth of 3.4%. Second quarter 2019 Bruker Energy & Supercon Technologies (BEST) segment revenues of $51.9 million increased 21.5% year-over-year, including organic growth of 18.2%, net of intercompany eliminations.\nSecond quarter 2019 GAAP operating income was $53.5 million, compared to $48.8 million in the second quarter of 2018. Non-GAAP operating income was $73.7 million, compared to $58.9 million in the second quarter of 2018. Bruker's second quarter 2019 non-GAAP operating margin of 15.0% increased 170 basis points from 13.3% in the second quarter of 2018. \nSecond quarter 2019 GAAP diluted earnings per share (EPS) were $0.23, compared to $0.20 in the second quarter of 2018. Non-GAAP EPS were $0.33, a 32.0% increase compared to $0.25 in the second quarter of 2018. \nFirst Six Months of 2019 Financial Results\nFor the first six months of 2019, Bruker's revenues were $951.6 million, an increase of 8.7% from $875.4 million in the first six months of 2018. In the first six months of 2019, Bruker's organic revenue growth was 5.1% year-over-year. Growth from acquisitions was 7.4%, while foreign currency translation had a negative effect of 3.8%.\nIn the first six months of 2019, BSI segment revenues of $859.2 million increased 8.8% year-over-year, including organic growth of 4.4%. First six months 2019 BEST segment revenues of $99.7 million increased 12.9% year-over-year, including organic growth of 11.6%, net of intercompany eliminations.\nIn the first six months of 2019, GAAP operating income was $95.4 million, compared to $86.9 million in the first six months of 2018. Non-GAAP operating income was $136.0 million, compared to $111.8 million in th...

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