8-K
filed February 16, 2023, 6:59 PM ET
ticker CGNX
CIK 0000851205
earnings
confidence high
sentiment negative
materiality 0.80
Cognex Q4 rev $239M (-2% YoY), EPS $0.32; Q1 guide $180-200M; board changes; $0.07 dividend
COGNEX CORP
2022-FY EPS reported
$1.23
revenue$1,006,090,000
- Revenue $239.4M in Q4-22, -2% YoY; net income $55.3M, diluted EPS $0.32 (+7% YoY).
- Full year 2022 revenue $1.006B (-3% YoY); net income $215.5M ($1.23 EPS), -21% YoY.
- Q1-23 revenue guidance $180-200M, decline both YoY and sequentially due to e-commerce pause and macro softness.
- Board appoints Angelos Papadimitriou effective Feb 17; directors Krantz and Alias to retire May 3.
- Quarterly dividend $0.07/share declared, payable March 17 to holders of record March 3.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COGNEX CORP reported Q1-23 results: revenue $180 million and $200 million. Guidance initiated.
- Period
- Q1-23
- Revenue
- $180 million and $200 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Cognex expects revenue for Q1-23 to be between $180 million and $200 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
COGNEX CORP reported year ended December 31, 2022 results: revenue $1,006,090, net income $215,525, EPS $1.23.
- Period
- year ended December 31, 2022
- Revenue
- $1,006,090
- Net income
- $215,525
- EPS
- $1.23
- Result
- reported results
Exact text from the filing
Change: Q4-21 to Q4-22 (2)% 3% 7% (10)% Prior quarter: Q3-22 $209,622 $33,980 $0.19 $0.21 Change: Q3-22 to Q4-22 14% 63% 68% 29% Yearly Comparisons Year ended December 31, 2022 $1,006,090 $215,525 $1.23 $1.31 Year ended December 31, 2021 $1,037,098 $279,881 $1.56 $1.49 Change from 2021 to 2022 (3)% (23)% (21)% (12)% *Non-GAAP net income per diluted share excludes a
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
COGNEX CORP reported Q4-22 results: revenue $239,433, net income $55,311, EPS $0.32.
- Period
- Q4-22
- Revenue
- $239,433
- Net income
- $55,311
- EPS
- $0.32
- Result
- reported results
Exact text from the filing
in thousands, except per share amounts) Revenue Net Income Net Income per Diluted Share Non-GAAP Net Income per Diluted Share* Quarterly Comparisons Current quarter: Q4-22 $239,433 $55,311 $0.32 $0.27 Prior year’s quarter: Q4-21 $244,065 $53,535 $0.30 $0.30 Change: Q4-21 to Q4-22 (2)% 3% 7% (10)% Prior quarter: Q3-22 $209,622 $33,980 $0.19 $0.21 Change:
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Theodor Krantz retired as director at COGNEX CORP.
- Action
- retired
- Role
- director
Exact text from the filing
Directors Theodor Krantz and Patrick Alias each informed the Company of his decision to retire from the Company’s Board, effective May 3, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patrick Alias retired as director at COGNEX CORP.
- Action
- retired
- Role
- director
Exact text from the filing
Directors Theodor Krantz and Patrick Alias each informed the Company of his decision to retire from the Company’s Board, effective May 3, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Angelos Papadimitriou was appointed as director at COGNEX CORP.
- Action
- appointed
- Role
- director
Exact text from the filing
The Board appointed Mr. Papadimitriou, effective February 17, 2023, to serve in accordance with the bylaws of the Company and until his successor is duly elected and qualified.
View on SEC.gov
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