Q1 2018 Earnings Presentation
Q1 2018 Non-GAAP Results
[$m, except EPS]
Total Revenues
Gross Profit
Margin (% of revenues)
SG&A
(% of revenues)
R&D
(% of revenues)
Operating Profit
(% of revenues)
Tax Rate
Net Income*
EPS
Shares Outstanding
Q1 2018
431.7
205.0
47.5%
-108.9
25.2%
-43.2
10.0%
52.9
12.3%
23.7%
38.2
$0.24
157.0
Sum of items may not total due to rounding
Q1 2017
384.9
183.4
47.6%
-96.6
25.1%
-37.6
9.8%
49.2
12.8%
30.6%
29.9
$0.19
160.5
A
+12.2%
+12%
-10 bps
+13%
+15%
+8%
-50 bps
-690 bps
+28%
+26%
-2%
■
▪ Gross margin -10 bps: negative
FX translation more than offsets
volume and operational
improvements at CALID and
"
BRUKER
NANO
COMMENTS
Opex up, primarily on FX
Operating margin -50 bps: FX
headwinds more than offset
operational improvements at
CALID and NANO
Q1-18 tax rate 23.7% vs. 30.6%
in Q1-17
▪ EPS up +26%, driven by revenue
growth, favorable year-over year
tax rate and lower share count
▪ Share count lower on share
repurchases
* Attributable to Bruker
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