Bruker Corporation (NASDAQ:BRKR) Q4 2018 Earnings Conference Call Transcript

Feb 11, 2019 • 04:30 pm ET


Bruker Corporation (NASDAQ:BRKR) Q4 2018 Earnings Conference Call Transcript


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Good day everyone and welcome to The Bruker Corporation, Q4 2018 Earnings Conference Call. All participants will be in listen-only mode. (Operator Instructions). After today's presentation, there will be an opportunity to ask questions. (Operator Instructions). And please note that today's event is being recorded.

And I would now like to turn the conference over to Miroslava Minkova, Director of Investor Relations and Corporate Development. Please go ahead.

Miroslava Minkova

Good afternoon. I would like to welcome everyone to Bruker's fourth quarter and fiscal year 2018 earnings conference call. My name is Miroslava Minkova, and I'm the Director of Investor Relations and Corporate Development for Bruker. Joining me on today's call are Frank Laukien, our President and CEO and Gerald Herman, our Chief Financial Officer.

In addition to the earnings release we issued earlier today, during today's conference call, we will be referencing a slide presentation. The PDF of this presentation can be downloaded from the latest result section on Bruker's Investor Relations website.

During today's call, we'll be highlighting non-GAAP financial information. Reconciliations of our non-GAAP to GAAP financial measures are included in our earnings release and are posted on our website at

Before we begin, I would like to reference Bruker's safe harbor statement, which I show on Slide 2. During the course of today's conference call, we'll make forward-looking statements regarding future events or the financial and operational performance of the Company that involve risks and uncertainties. The Company's actual results may differ materially from the projections described in such statements.

Factors that might cause such differences include, but are not limited to, those described in today's earnings release and in our Form 10-K as well as in subsequent SEC filings, which are available on our website and on the SEC's website.

Also, note that the following information is related to current business conditions and to our outlook as of today, February 11th, 2019. Consistent with our prior practice, we do not intend to update our forward-looking statements based on new information, future events or other reasons prior to the release of our first quarter 2019 financial results in May of 2019.

Therefore, you should not rely on these forward-looking statements as representing our views or outlook as of any date subsequent to today. We'll begin today's call with Frank providing a business summary. Gerald will then cover the financials for the fourth quarter and fiscal year 2018 in more detail.

Now, I would like to turn the call over to Bruker's CEO, Frank Laukien. Frank?

Frank Laukien

Thank you, Miroslava and good afternoon everyone. Thank you for joining us on today's call. Bruker delivered another good quarter with continued revenue growth and solid margin improvements. During the fourth quarter, our organic revenue growth was 3.4%.

As expected, Q4 organic revenue growth in our Bruker Scientific Instruments or BSI segment was plus 2.1% year-over-year, and it was subdued following a strong Q3 2018, when our team is focused on de-risking our full year 2018 results.

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