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Cognex Reports Record Quarterly Revenue And Record Quarterly Net Income

Cognex Corporation (NASDAQ: CGNX) today announced its financial results for the third quarter of 2013. Selected financial data for the quarter and nine months ended September 29, 2013 is compared to the second quarter of 2013, the third quarter of 2012 and the first nine months of 2012 in Table 1 below. A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2 of this news release.

Table 1



Net Income

Net Income per Diluted Share*

Quarterly Comparisons
Current quarter: Q3-13     $90,788,000     $20,727,000     $0.23
Prior year’s quarter: Q3-12     $80,076,000     $17,805,000     $0.20
Change from Q3-12 to Q3-13     13%     16%     14%
Prior quarter: Q2-13     $86,510,000     $16,820,000     $0.19
Change from Q2-13 to Q3-13     5%     23%     22%

Year-to-Date Comparisons
Nine months ended Sept. 29, 2013     $258,190,000     $53,130,000     $0.59
Nine months ended Sept. 30, 2012     $242,111,000     $51,854,000     $0.59
Change from first nine months of 2012 to first nine months of 2013    




*Adjusted for the two-for-one stock split effective September 16, 2013.

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