earnings
confidence high
sentiment negative
materiality 0.75
Bruker Q3 revenue up 16.4% but GAAP EPS $0.27 down from $0.60; FY2024 guidance lowered
BRUKER CORP
2024-Q3 EPS reported
$0.67
revenue$2,386,800,000
- Q3 revenue $864.4M, up 16.4% YoY; organic growth 3.1%, CER growth 15.7%.
- GAAP EPS $0.27 vs $0.60 prior year; non-GAAP EPS $0.60 vs $0.74, down 18.9%.
- BSI segment organic revenue grew 3.8% YoY; BEST segment organic revenue declined 3.2%.
- FY2024 revenue guidance lowered to $3.34-$3.37B (organic growth 3-4%); non-GAAP EPS $2.36-$2.41.
- Management cites persistent biopharma and China headwinds as reason for guidance cut.