Bruker Reports Financial Results For The Third Quarter Of 2012

Bruker Corporation (NASDAQ: BRKR) today reported financial results for the third quarter ended September 30, 2012.

Bruker Corporation Financial Results

In the third quarter of 2012, revenue was $447.8 million, an increase of 7.0% compared to $418.4 million in the third quarter of 2011. Excluding the effects of acquisitions and foreign currency translation, third quarter 2012 revenue increased by 13.8% year-over-year. GAAP net income for the third quarter of 2012 was $39.7 million, or $0.24 per diluted share, compared to $19.8 million, or $0.12 per diluted share, in the third quarter of 2011. Adjusted net income for the third quarter of 2012 was $47.1 million, or $0.28 per diluted share, compared to $34.4 million, or $0.21 per diluted share, in the third quarter of 2011.

For the nine months ended September 30, 2012, revenue was $1,274.1 million, an increase of 8.3% compared to $1,176.6 million in the first nine months of 2011. Excluding the effects of acquisitions and foreign currency translation, revenue for the first nine months of 2012 increased by 12.6% over the comparable period in 2011. GAAP net income for the nine months ended September 30, 2012 was $64.7 million, or $0.39 per diluted share, compared to $53.2 million, or $0.32 per diluted share, for the nine months ended September 30, 2011. Adjusted net income for the nine months ended September 30, 2012 was $91.6 million, or $0.54 per diluted share, compared to $87.7 million, or $0.53 per diluted share, for the nine months ended September 30, 2011.

Bruker ended the third quarter of 2012 with cash and cash equivalents of $242.1 million, and net debt of $94.8 million.

Adjusted operating margin, adjusted net income and adjusted EPS are non-GAAP measures that exclude certain items detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.”

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