Cognex reports Q1 revenue up 2% YoY, EPS $0.14; CEO Willett to retire, succeeded by Moschner

COGNEX CORP

Q1 revenue $216M (+2% YoY); operating income $26M (+84%); diluted EPS $0.14 (+99%).
Adjusted EBITDA margin 16.8% (above guidance); returned $116M via $102M buyback and $14M dividends.
CEO Robert Willett to retire June 27, 2025; President Matt Moschner to succeed as CEO and join board.
Dividend $0.08 per share (+6.7% YoY), payable May 29, 2025 to record May 15.
Q2 guidance: revenue $235-255M; adj. EBITDA margin 18.5%-21.5%; tariff impact substantially mitigated.

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

Matthew Moschner

Chief Executive Officer

CGNX · COGNEX CORP

Effective: 2025-06-27
Filed: April 30, 2025, 7:59 PM ET

the Board determined that Matthew Moschner, who currently serves as the Company’s President and Chief Operating Officer, will succeed Mr. Willett as CEO

Appointed

Matthew Moschner

Director

CGNX · COGNEX CORP

Effective: 2025-06-27
Filed: April 30, 2025, 7:59 PM ET

appointed Mr. Moschner as a director of the Company, effective as of the Transition Date

Departed

Robert Willett

Chief Executive Officer

CGNX · COGNEX CORP

Effective: 2025-06-27
Successor: Matthew Moschner
Filed: April 30, 2025, 7:59 PM ET

Robert Willett advised the Company that he will retire as Chief Executive Officer (“CEO”) of the Company, effective June 27, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Moschner was appointed as Chief Executive Officer at COGNEX CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board determined that Matthew Moschner, who currently serves as the Company’s President and Chief Operating Officer, will succeed Mr. Willett as CEO

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Moschner was appointed as Director at COGNEX CORP.

Action: appointed
Role: Director

Exact text from the filing

appointed Mr. Moschner as a director of the Company, effective as of the Transition Date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Willett departed as Chief Executive Officer at COGNEX CORP.

Action: retire
Role: Chief Executive Officer

Exact text from the filing

Robert Willett advised the Company that he will retire as Chief Executive Officer (“CEO”) of the Company, effective June 27, 2025

View on SEC.gov

COGNEX CORP filing history →

Source: SEC EDGAR

accession 0000851205-25-000028

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