Cognex Q1 rev $210.8M (+5% YoY), EPS $0.07; guides Q2 rev $230-245M; appoints Dennis Fehr CFO

COGNEX CORP

2024-Q1 EPS reported $0.07 revenue$210,797,000

Revenue $210.8M (+5% YoY); net income $12.0M ($0.07 diluted EPS) vs $25.6M ($0.15) a year ago.
Adjusted gross margin 68.8% (down from 71.8% YoY) due to Moritex dilution and one-time logistics project.
Q2 guidance: revenue $230-245M; adjusted gross margin slightly above 70%; adjusted effective tax rate 16%.
Dennis Fehr appointed SVP Finance and CFO effective May 3, 2024; replaces interim CFO Laura MacDonald.
Quarterly dividend of $0.075/share declared, payable May 30, 2024 to holders of record May 16, 2024.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Laura MacDonald

Principal Financial Officer

CGNX · COGNEX CORP

Effective: 2024-05-03
Successor: Dennis Fehr
Filed: May 2, 2024, 7:59 PM ET

Mr. Fehr will replace Laura MacDonald as Principal Financial Officer of the Company on May 3, 2024.

Appointed

Dennis Fehr

Senior Vice President of Finance and Chief Financial Officer

CGNX · COGNEX CORP

Effective: 2024-05-03
Successor: Laura MacDonald
Filed: May 2, 2024, 7:59 PM ET

On May 1, 2024, the Board of Directors of the Company appointed Dennis Fehr as Senior Vice President of Finance and Chief Financial Officer of the Company, effective May 3, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COGNEX CORP reported Q2 2024 results: revenue $230 million to $245 million. Guidance initiated.

Period: Q2 2024
Revenue: $230 million to $245 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Cognex expects revenue to be between $230 million and $245 million.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Laura MacDonald changed role as Principal Financial Officer at COGNEX CORP.

Action: replaced
Role: Principal Financial Officer

Exact text from the filing

Mr. Fehr will replace Laura MacDonald as Principal Financial Officer of the Company on May 3, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dennis Fehr was appointed as Senior Vice President of Finance and Chief Financial Officer at COGNEX CORP.

Action: appointed
Role: Senior Vice President of Finance and Chief Financial Officer

Exact text from the filing

On May 1, 2024, the Board of Directors of the Company appointed Dennis Fehr as Senior Vice President of Finance and Chief Financial Officer of the Company, effective May 3, 2024.

View on SEC.gov

201 earnings releases filed in the last 30 days. Browse all earnings releases →

COGNEX CORP filing history →

Source: SEC EDGAR

accession 0000851205-24-000049

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