Cognex Reports Record Quarterly Net Income

Cognex Corporation (NASDAQ: CGNX) today announced its financial results for the second quarter of 2012. Selected financial data for the quarter and six months ended July 1, 2012, are compared to the first quarter of 2012, the second quarter of 2011 and the first six months of 2011 in Table 1 below.
 
 

Table 1
           
     

 

Revenue
   

Net

Income
   

Net

Income per

Diluted Share

Quarterly Comparisons
                 
Current quarter: Q2-12     $ 84,326,000       $ 19,767,000       $ 0.45  
Prior year’s quarter: Q2-11     $ 83,393,000       $ 19,097,000       $ 0.45  
Change from Q2-11 to Q2-12      

1%

 
     

4%

 
     

0%

 
Prior quarter: Q1-12     $ 77,709,000       $ 14,282,000       $ 0.33  
Change from Q1-12 to Q2-12      

9%

 
     

38%

 
     

38%

 

Year to Date Comparisons
                 
Six months ended July 1, 2012     $ 162,035,000       $ 34,049,000       $ 0.78  
Six months ended July 3, 2011     $ 157,787,000       $ 32,733,000       $ 0.77  
Change from first six months of 2011 to first six months of 2012      

3%

 
     

4%

 
     

1%

 

A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2.

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