Bruker Corp Files Q2 2024 10-Q

TL;DR

**Bruker Corp Q2 2024 10-Q filed. Financials and operations detailed.**

AI Summary

Bruker Corp filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position. Key financial data and operational updates are provided for the second quarter of 2024.

Why It Matters

This filing provides investors and analysts with the latest financial results and operational details for Bruker Corp, crucial for understanding the company's current performance and future outlook.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks beyond those typically associated with public companies.

Key Players & Entities

• BRUKER CORP (company) — Filer
• 0000950170-24-094832 (other) — Accession Number
• 20240630 (date) — Period of Report
• 20240809 (date) — Filing Date
• 0001109354 (other) — Central Index Key
• 3826 (other) — Standard Industrial Classification
• DE (other) — State of Incorporation
• 1231 (date) — Fiscal Year End
• 000-30833 (other) — SEC File Number
• 241193456 (other) — Film Number

FAQ

Key Financial Figures

• $0.01 — nding at August 5, 2024 Common Stock, $0.01 par value per share 151,394,441 share

Filing Documents

• brkr-20240630.htm (10-Q) — 3563KB
• brkr-ex10_2.htm (EX-10.2) — 15KB
• brkr-ex10_3.htm (EX-10.3) — 13KB
• brkr-ex31_1.htm (EX-31.1) — 16KB
• brkr-ex31_2.htm (EX-31.2) — 16KB
• brkr-ex32_1.htm (EX-32.1) — 15KB
• 0000950170-24-094832.txt ( ) — 15660KB
• brkr-20240630.xsd (EX-101.SCH) — 1886KB
• brkr-20240630_htm.xml (XML) — 3505KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3:

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 4:

Controls and Procedures

Controls and Procedures 43 Part II OTHER INFORMATION 44 Item 1:

Legal Proceedings

Legal Proceedings 44 Item 1A:

Risk Factors

Risk Factors 44 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 5: Other Information 45 Item 6: Exhibits 46

Signatures

Signatures 47 2 Table of Contents

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS BRUKER CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except share and per share data) June 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 169.7 $ 488.3 Accounts receivable, net 507.2 492.0 Inventories 1,175.9 968.3 Other current assets 300.2 215.6 Total current assets 2,153.0 2,164.2 Property, plant and equipment, net 656.6 599.7 Goodwill 1,443.8 582.6 Intangible assets, net 1,024.3 330.5 Operating lease assets 136.2 91.7 Deferred tax assets 303.2 297.2 Other long-term assets 185.5 184.0 Total assets $ 5,902.6 $ 4,249.9 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 26.4 $ 121.2 Accounts payable 220.3 202.7 Deferred revenue and customer advances 501.9 400.0 Other current liabilities 555.9 478.2 Total current liabilities 1,304.5 1,202.1 Long-term debt 2,132.0 1,160.3 Long-term deferred revenue and customer advances 93.9 91.5 Deferred tax liabilities 178.5 67.7 Operating lease liabilities 111.3 74.8 Accrued pension 79.6 76.6 Other long-term liabilities 178.3 163.6 Total liabilities $ 4,078.1 $ 2,836.6 Commitments and contingencies (Note 16) Redeemable noncontrolling interests 17.5 18.7 Shareholders' equity: Preferred stock, $ 0.01 par value 5,000,000 shares authorized, no ne issued or outstanding — — Common stock, $ 0.01 par value 260,000,000 shares authorized, 182,170,700 and 175,943,705 shares issued and 151,391,821 and 145,164,826 shares outstanding at June 30, 2024 and December 31, 2023, respectively 1.8 1.7 Treasury stock, at cost, 30,778,879 shares at June 30, 2024, and December 31, 2023, respectively ( 1,237.2 ) ( 1,237.2 ) Additional paid-in capital

View Full Filing

View this 10-Q filing on SEC EDGAR