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Bruker (BRKR) FY2024 results: revenue $3.4 billion, up 13.6% on the year

Bruker Corp. (BRKR) reported revenue of $3.4 billion for fiscal 2024, the year ended 31 December 2024, up 13.6% on the year before. Net income was $113 million, down 73.5%, and diluted earnings per share $0.76. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.

Revenue
$3.4 billion
+13.6% on the year
FY2017FY2024
Operating margin
7.5%
14.7% a year earlier
FY2017FY2024
Net income
$113 million
-73.5% on the year
FY2017FY2024
Diluted EPS
$0.76
-73.8% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue3,3662,9642,531+13.6%
Cost of revenue1,7171,4511,225+18.3%
Gross profit1,6501,5131,306+9.0%
Gross margin49.0%51.0%51.6%
Research and development376295236+27.7%
Selling, general and administrative894729607+22.5%
Operating income253437433-42.1%
Operating margin7.5%14.7%17.1%
Interest expense47.916.416.1+192.1%
Pre-tax income207544414-62.0%
Income tax91.4118116-22.3%
Effective tax rate44.2%21.6%28.1%
Net income113427297-73.5%
Net margin3.4%14.4%11.7%
Diluted EPS$0.76$2.90$1.99-73.8%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow251350274-28.2%
Capital expenditure115107129+7.9%
Free cash flow136243145-44.1%
Free cash flow margin4.0%8.2%5.7%
Cash from investing-1,757-326-252
Cash from financing1,230-193-415
Depreciation and amortisation18411588.8+60.0%
Share-based compensation25.330.927.7-18.1%
Buybacks0.0152263
Dividends paid30.229.429.8+2.7%
Dividend per share$0.20$0.20$0.160.0%
Diluted shares, weighted150m147m149m+1.6%
Shares outstanding at period end152m145m147m+4.5%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity1,7811,3771,114+29.3%
Non-controlling interest15.917.411.9-8.6%
Redeemable equity18.118.76.1-3.2%
Debt2,0941,2821,219+63.4%
Operating lease liabilities11974.834.8+59.0%
Finance lease liabilities12.915.811.7-18.4%
Other liabilities1,7651,4641,214+20.5%
Total liabilities and equity5,8074,2503,612+36.6%
Fixed assets669600487+11.6%
Goodwill1,507583458+158.7%
Intangible assets912330271+176.1%
Investmentsn/an/a0.0
Cash and equivalents183488646-62.4%
Receivables566492473+14.9%
Inventory1,068968800+10.3%
Other assets901788478+14.3%
Total assets5,8074,2503,612+36.6%

10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.