Cognex Q1 revenue $282M record; net income down 4%; Q2 guidance $265-285M

COGNEX CORP

2022-Q1 EPS reported $0.38 revenue$282,407,000

Revenue $282M (record Q1, +18% YoY); net income $67M (-4%); diluted EPS $0.38 ($0.42 non-GAAP).
Gross margin fell to 72% from 77% on component cost inflation; operating margin exceeded 30% long-term target.
Q2-22 revenue guidance $265-285M; management notes slowing automation project deployments and supply-chain delays.
Declared $0.065/share dividend payable June 3, 2022 to May 20 record holders.
Appointed John T.C. Lee (CEO of MKS Instruments) to board; receives $50k annual stipend plus initial RSUs worth ~$181,600.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

John T.C. Lee

Director

CGNX · COGNEX CORP

Effective: 2022-05-04
Filed: May 5, 2022, 7:59 PM ET

appointed John T.C. Lee as a director of the Company, both actions effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John T.C. Lee was appointed as Director at COGNEX CORP.

Action: appointed
Role: Director

Exact text from the filing

appointed John T.C. Lee as a director of the Company, both actions effective immediately.

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COGNEX CORP filing history →

Source: SEC EDGAR

accession 0001157523-22-000574

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