Bruker Corporation - BRKR STOCK NEWS

Bruker Corporation (Nasdaq: BRKR) announced a new share repurchase authorization for up to $500 million over two years, starting May 13, 2021. This initiative reflects the company's confidence in its long-term prospects. The repurchase may occur through various methods and can be suspended at any time. Additionally, Bruker declared a quarterly cash dividend of $0.04 per share, set for June 18, 2021, to stockholders of record as of June 1, 2021.

Bruker Corporation (Nasdaq: BRKR) has authorized a new share repurchase plan of up to $500 million over two years starting May 13, 2021. This decision reflects the company's confidence in its long-term prospects. Shares may be repurchased via open market transactions or trading plans under Rule 10b5-1. Additionally, Bruker declared a quarterly cash dividend of $0.04 per share, payable on June 18, 2021, to stockholders of record as of June 1, 2021.

Bruker Corporation has announced that its 1H-NMR spectroscopy has been officially incorporated by the International Organization of Vine and Wine (OIV) for quantifying key wine parameters such as glucose and acidity. This advancement allows for simultaneous and accurate measurement of 53 compounds in a single automated process, addressing the demand for authenticity in wine supply chains. Bruker's NMR Wine-Profiling™ 4.0 enhances supply chain verification and counters fraud, marking a significant innovation in the wine industry.

Bruker Corporation (Nasdaq: BRKR) announced its participation in three upcoming virtual healthcare conferences. The events include the BofA Securities 2021 Health Care Conference on May 11, 2021, the UBS Global Healthcare Virtual Conference on May 24, 2021, and the Jefferies Virtual Healthcare Conference on June 2, 2021. Key executives, including Frank Laukien and Mark Munch, will present. Live webcasts and replays will be accessible on the Investor Relations section of Bruker's website for 30 days post-event.

Bruker Corporation (Nasdaq: BRKR) reported first-quarter revenues of $554.7 million, up 30.8% year-over-year from $424.0 million. Organic growth was 23.8%, with foreign currency effects contributing 6.2%. Bruker Scientific Instruments saw revenues rise 32.7% to $506.2 million, while Bruker Energy & Supercon Technologies increased 13.4% to $52.4 million. GAAP operating income surged to $89.1 million with a margin of 16.1%, and EPS reached $0.37. The company raised its FY 2021 guidance, expecting 14%-16% revenue growth and non-GAAP EPS of $1.82 to $1.87.

Bruker Corporation (Nasdaq: BRKR) reported preliminary revenue for Q1 2021 between $549 million and $554 million, reflecting 30% to 31% growth year-over-year. Excluding effects from currency fluctuations and acquisitions, the non-GAAP organic revenue growth is estimated at 22% to 23%, exceeding earlier forecasts of 15%. Revenue growth was attributed to strong performance in all three Bruker Scientific Instrument groups, including notable sales of GHz-class NMR systems. Full financial results are expected on May 5, 2021.

Bruker Corporation (Nasdaq: BRKR) announced the addition of a 1.2 GHz Avance nuclear magnetic resonance (NMR) spectrometer at Forschungszentrum Juelich (FZJ), Germany. This new technology enhances research capabilities in neurodegenerative diseases, particularly Alzheimer's, by improving the structural analysis of protein-ligand interactions. The installation boosts the sensitivity and resolution of NMR studies, facilitating advancements in antibiotic development and understanding of molecular mechanisms. Initial results show promising progress in obtaining spectra from valuable disease research samples.

Bruker Corporation (Nasdaq: BRKR) has launched several magnetic resonance systems, including the Fourier™ 80, a high-performance 80 MHz FT-NMR benchtop spectrometer, aimed at enhancing accessibility for pharma, chemical, and food research. The AvanceCore 400, a cost-effective 400 MHz NMR system, is also introduced to broaden accessibility. Additionally, the Magnettech ESR 5000 benchtop EPR system offers compact performance for various applications. These innovations are designed to improve data quality and increase throughput in research labs.

Bruker Corporation (Nasdaq: BRKR) has announced the installation of two MuVi™ and LCS SPIM™ light-sheet microscopes at Memorial Sloan Kettering Cancer Center (MSK). Funded by Cycle for Survival, these microscopes will enhance cancer research by allowing scientists to visualize cellular and tissue characteristics. The technology is expected to improve the understanding of cancer dynamics, facilitating the development of more effective treatment methods. This advancement underscores Bruker's commitment to supporting innovative cancer research.