Cognex contract manufacturer fire in Indonesia; inventory losses estimated ~$70M

COGNEX CORP

Fire at Cognex's primary contract manufacturer's Indonesia plant on June 7, 2022; no casualties reported.
Finished goods and components in affected building valued at ~$35M; additional $35M Cognex-designated components owned by CM on site.
Company working with CM to assess damage, explore shifting production; too early to determine full-year impact.
Cognex does not currently expect material impact on Q2 2022 results; more details on Q2 earnings call.

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