secwatch.observer — SEC 8-K summary
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Issuer:     COGNEX CORP (CGNX)
CIK:        0000851205
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000851205-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851205/000085120524000049/0000851205-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851205/000085120524000049/cgnx-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000851205-24-000049

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