$CGNX (Cognex Corporation)

$CGNX {{ '2016-08-01T21:26:11+0000' | timeago}} • Webcast

$CGNX said that in Factory automation from a geographic perspective, Greater China was the company's fastest growing region in terms of percentage growth. Americas set a new quarterly revenue record and provided the largest contribution to growth in absolute dollars, helped by higher sales to customers in the logistics industry.

$CGNX {{ '2017-05-01T21:17:02+0000' | timeago}} • Announcement

For 2Q17, $CGNX expects revenue to be in the range of $165-170MM. The company expects to report growth YoY in 2Q17 despite a lower contribution from consumer electronics, where larger orders are expected to turn to revenue later in the year.

$CGNX {{ '2017-05-01T21:12:38+0000' | timeago}} • Announcement

Provider of machine vision products $CGNX posted higher 1Q17 earnings, helped by increased revenues. Net income rose to $45.6MM, or $0.51 per share, compared to $14.8MM, or $0.17 per share during 1Q16. Net revenues rose 40% to $134.9MM from $96.2MM, mainly due to higher contributions from consumer electronics and automotive.

$CGNX {{ '2017-05-01T12:49:29+0000' | timeago}} • Announcement

$CGNX BoD authorized the purchase of up to $100MM of its common stock in open market transactions. The new authorization will commence after the company completes an existing $100MM repurchase program, of which approx. $39MM remains available.

$CGNX {{ '2017-05-01T12:45:09+0000' | timeago}} • Announcement

$CGNX  BoD declared a quarterly cash dividend of $0.085 per share, payable on June 16, 2017 to all shareholders of record at the close of business on June 2, 2017. The dividend represents an increase of $0.01 per share, or 13%, over the $0.075 per share dividend paid in the prior quarter.

$CGNX {{ '2017-04-05T13:40:04+0000' | timeago}} • Announcement

$CGNX acquired ViDi Systems SA, a maker of deep learning software for industrial machine vision. ViDi Systems became part of $CGNX's Vision Products business unit. The transaction is not expected to have a material impact on $CGNX's financial results in 2017 or 2018.

$CGNX {{ '2017-02-17T14:11:28+0000' | timeago}} • Announcement

$CGNX's BoD declared a quarterly cash dividend of $0.075 per share. This dividend is payable on March 17, 2017 to all shareholders of record at the close of business on March 3, 2017.

$CGNX {{ '2017-02-17T14:07:34+0000' | timeago}} • Announcement

$CGNX announced the retirement of Richard Morin, EVP of Finance and Administration and CFO, after 18 years with the company. John Curran, SVP of Finance, will succeed Morin as CFO on Feb. 17. Morin will remain with $CGNX full time through the end of March to ensure smooth transition. After his retirement Morin will continue as Secretary of its BoD.

$CGNX {{ '2017-02-17T13:55:44+0000' | timeago}} • Announcement

$CGNX expects 1Q17 gross margin in mid-to-high 70% range, and operating expenses to rise by about 10% on sequential basis due primarily to higher stock option expense. The company predicts effective tax rate to be 18% before discrete tax items.

$CGNX {{ '2017-02-17T13:55:24+0000' | timeago}} • Announcement

$CGNX expects 1Q17 revenue fo $122-125MM, which represents growth of 27-30% year-over-year. On a sequential basis, $CGNX expects typical seasonal decline from 4Q to 1Q in factory automation.

$CGNX {{ '2017-02-17T13:54:46+0000' | timeago}} • Announcement

$CGNX reported a rise in 4Q16 earnings driven by higher revenue. Net income rose to $38.25MM or $0.43 per share from $18.75MM or $0.22 per share last year. Revenue grew to $129.32MM from $97.77MM. Non-GAAP income from continuing operations increased to $41.39MM from $21.72MM.

$CGNX {{ '2017-01-10T13:29:26+0000' | timeago}} • Announcement

$CGNX announced the recent acquisition of two technology companies in the fast-growing areas of 3D vision and industrial ID. On Nov. 30, 2016, $CGNX acquired Boulder, Colorado-based Chiaro Technologies, maker of 3D machine vision sensor. On Dec. 9, 2016, $CGNX acquired Webscan, a player in barcode verification solutions.

$CGNX {{ '2016-10-31T21:25:49+0000' | timeago}} • Webcast

$CGNX expects to report double digit revenue growth YonY, with continued strong progress in high potential markets, including logistics, 3D and China. The company added that a true-up of the bonus accrual in 3Q16 is not expected to repeat in 4Q16.

$CGNX {{ '2016-10-31T21:17:08+0000' | timeago}} • Webcast

$CGNX reported its highest net income & EPS from continuing operations for any quarter in the company's history. In factory automation market, 3Q16 revenue was $142MM. From a geographic perspective, the Greater China region continued to deliver strong growth in excess of 20%, driven by sales to consumer electronics, automotive & consumer products.

$CGNX {{ '2016-10-31T20:48:03+0000' | timeago}} • Announcement

Machine vision systems company $CGNX posted higher 3Q16 earnings from continuing operations, helped by higher revenue, GM and lower effective tax rate. Net income from continuing operations rose 107.9% to $53.68MM or $0.61 per share from $25.82MM or $0.29 per share a year ago. Revenue rose 37.51% to $147.95MM.

$CGNX {{ '2016-10-31T20:38:25+0000' | timeago}} • Announcement

$CGNX expects 4Q16 revenue to be in the range of $115-118MM and Gross margin is expected in the mid-to-high 70% range. For 4Q16, operating expenses are expected to be essentially flat on a sequential basis, while effective tax rate is expected to be 18% before discrete tax items.

$CGNX {{ '2016-10-31T20:33:11+0000' | timeago}} • Announcement

$CGNX BoD declared a quarterly cash dividend of $0.075 per share, payable on Dec. 16, 2016 to all shareholders of record at the close of business on Dec. 2, 2016.

$CGNX {{ '2016-08-01T22:10:17+0000' | timeago}} • Webcast

Bobby Eubank of Chevy Chase Trust asks about the company's buyback policy. $CGNX said the overall philosophy is to make sure that the company buys back everything it issues through stock option so that $CGNX can absorb all of that dilution. Last year the company bought back close to 2 years worth of dilution.

$CGNX {{ '2016-08-01T21:59:34+0000' | timeago}} • Webcast

Richard Eastman from Robert W. Baird asks if the company has continued to build out the distribution network in China. $CGNX said the company made a lot of progress improving its distribution network in China by working closely with its distributors there and adding new ones.

$CGNX {{ '2016-08-01T21:52:49+0000' | timeago}} • Webcast

Ben Rose of Battle Road Research asks about the customer electronics orders expected in 3Q16, if the bulk of that is coming from Greater China. $CGNX said it reports a lot of substantial consumer electronics orders in Europe because some of the customers buy in Europe and deployed into China. $CGNX said expects it showing up in its European region.

$CGNX {{ '2016-08-01T21:45:16+0000' | timeago}} • Webcast

Jim Ricchiuti from Needham & Co. asks about the growth rate in factory automation excluding consumer electronics and logistics in 2Q16. $CGNX said the company saw a good quarter in terms of growth rate in factory automation. Logistics is broad to explain, but excluding consumer electronics, growth rate was about 20%.

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