Benzinga | Aug 2, 2021 04:11PM EDT

Bruker Sees FY21 Non-GAAP EPS $1.88-$1.93 Vs $1.89 Est

Bruker is raising its fiscal year 2021 guidance for revenue growth, non-GAAP operating margin expansion and non-GAAP EPS. Compared to FY 2020, for FY 2021, the Company now expects approximately:

* Reported revenue growth of 17% to 19%;

* Organic revenue growth of 14% to 16%;

* Foreign currency revenue tailwind of 3%;

* Non-GAAP operating margin expansion of 270 basis points to 310 basis points over FY 2020 non-GAAP operating margin of 16.0%, including a foreign currency headwind of 30 basis points in FY 2021;

* Non-GAAP EPS between $1.88 and $1.93, representing a year-over-year increase of 39% to 43%.

Bruker's revenue growth, non-GAAP operating margin expansion and non-GAAP EPS guidance for FY 2021 are based on foreign exchange rates as of June 30, 2021.

For the Company's outlook for FY 2021 non-GAAP operating margin and non-GAAP EPS, we are not able to provide without unreasonable effort the most directly comparable GAAP financial measures, or reconciliations to such GAAP financial measures on a forward-looking basis. Please see "Use of Non-GAAP Financial Measures" below for a description of items excluded from our expected non-GAAP operating margin and non-GAAP EPS.