Bruker Corp (BRKR) released its first quarter results on Monday, May 10, 2021. The company reported net earnings of $0.37 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 447 percent compared to the same period a year ago.
Bruker Corporation was incorporated in 1991 and is headquartered in Billerica, Massachusetts. Bruker Corporation develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States, Europe, the Asia Pacific, and internationally. The company operates through three segments: Bruker Scientific Instruments (BSI) Life Science, BSI NANO, and Bruker Energy & Supercon Technologies.
Bruker's revenue increased 4 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 54.26% for the first quarter compared to the same period in the previous year, and operating margins increased to 16.06% over the same period. Net earnings for past trailing twelve months were $204.0 million, up 15% from the prior year.
Moving on to the balance sheet, Bruker's cash levels dropped 12% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 20.62% this past year. The current ratio for Bruker now stands at 2.06. The company decreased shares outstanding by 1.41%.
Shares of BRKR are currently trading around $68.52. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 51.69 and price to book ratio of 10.69.