Bruker bounces along with big Q2 earnings

July 28, 2010 by MassDevice staff

Bruker Corp.'s net earnings jump 19 percent in the second quarter, powered by significant and continuous gains for its scientific instruments segment.

Bruker Corp. (NSDQ:BRKR) saw a 19 percent jump in net earnings during the second quarter.

The Billerica, Mass.-based company reported net earnings of $23 million, or 14 cents per diluted share, on revenue of $301 million during the three months ended June 30. That compares with net earnings of $13 million, or 8 cents per diluted share, on sales of $253 million during the same period last year.

Second-quarter revenue from Bruker's scientific instruments segment was $285 million, up 18 percent from the $241 million recorded in Q2 2009, according to an earnings statement.

"[F]or the second quarter in a row all four operating divisions in our Scientific Instruments segment delivered double-digit organic top-line growth year-over-year," CEO Frank Laukien said in a prepared statement.

Bruker's new chemical analysis division generated some of that revenue, taking in $3.7 million during the last six weeks of the quarter. In May, Bruker closed a $37.5 million acquisition of three former Varian Inc. product lines from Agilent Technologies Inc. (NYSE:A) that it rolled into its chemical analysis division.

Bruker shares were priced at $12.22 in early-afternoon trading, up 7.3 percent.