Bruker (BRKR) FY2023 results: revenue $3.0 billion, up 17.1% on the year
Bruker Corp. (BRKR) reported revenue of $3.0 billion for fiscal 2023, the year ended 31 December 2023, up 17.1% on the year before. Net income was $427 million, up 44.0%, and diluted earnings per share $2.90. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$3.0 billion
+17.1% on the year
FY2016FY2023
Operating margin
14.7%
17.1% a year earlier
FY2016FY2023
Net income
$427 million
+44.0% on the year
FY2016FY2023
Diluted EPS
$2.90
+45.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
350
274
282
+27.6%
Capital expenditure
107
129
92.0
-17.3%
Free cash flow
243
145
190
+67.5%
Free cash flow margin
8.2%
5.7%
7.9%
Cash from investing
-326
-252
-192
Cash from financing
-193
-415
319
Depreciation and amortisation
115
88.8
89.1
+29.4%
Share-based compensation
30.9
27.7
17.2
+11.6%
Buybacks
152
263
153
-42.1%
Dividends paid
29.4
29.8
24.2
-1.3%
Dividend per share
$0.20
$0.16
$0.16
+25.0%
Diluted shares, weighted
147m
149m
153m
-1.5%
Shares outstanding at period end
145m
147m
151m
-1.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,377
1,114
1,070
+23.6%
Non-controlling interest
17.4
11.9
14.1
+46.2%
Redeemable equity
18.7
6.1
0.2
+206.6%
Debt
1,282
1,219
1,334
+5.1%
Operating lease liabilities
74.8
34.8
41.8
+114.9%
Finance lease liabilities
15.8
11.7
2.6
+35.0%
Other liabilities
1,464
1,214
1,187
+20.6%
Total liabilities and equity
4,250
3,612
3,650
+17.7%
Fixed assets
600
487
406
+23.1%
Goodwill
583
458
340
+27.3%
Intangible assets
330
271
212
+22.0%
Investments
n/a
0.0
100
Cash and equivalents
488
646
1,068
-24.4%
Receivables
492
473
417
+4.1%
Inventory
968
800
710
+21.0%
Other assets
788
478
397
+65.0%
Total assets
4,250
3,612
3,650
+17.7%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.