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Bruker Announces Management Promotions and Strong Fourth Quarter 2009 Preliminary Operating Results

Key Takeaway: Announces Management Promotions and Strong Fourth Quarter 2009 Preliminary BILLERICA, Mass. February 4, 2010 Bruker Corporation (NASDAQ: BRKR) this week made certain management changes effective, and today announces strong preliminary operating results for its fourth quarter,

Full Press Release Details

Announces Management Promotions and Strong Fourth Quarter 2009 Preliminary
BILLERICA, Mass. February 4,
2010 Bruker Corporation (NASDAQ: BRKR) this week made certain management
changes effective, and today announces strong preliminary operating results for
its fourth quarter, which ended on December 31, 2009.
Management Promotions Effective February 2010
As previously announced,
effective February 1st, 2010
William Knight, formerly Bruker s Chief Financial Officer, became the Company s
Chief Operating Officer. Mr. Knight
was succeeded as Chief Financial Officer by Brian Monahan, previously the
Company s Vice President of Finance. In
addition, Drs. Werner Maas and Bernd Gewiese were promoted to
Co-Presidents of Bruker s BioSpin division, also effective as of February 1st, 2010.
Frank Laukien, President
and CEO of Bruker Corporation, commented: Bruker is fortunate to have
outstanding and strongly committed management talent within the Company, and we
are very pleased to develop our organization further with such excellent
internal candidates. On behalf of the
entire Company, I wish Bill, Brian, Werner and Bernd much success in continuing
to drive Bruker as a customer-oriented, innovative provider of high-performance
scientific instruments and analytical solutions.
Fourth Quarter 2009 Preliminary
Operating Highlights
announce its fourth quarter (Q4) of 2009 and full year 2009 financial results
on February 25, 2010. The Company s
preliminary, unaudited operating results for the fourth quarter of 2009 have
significantly exceeded previous expectations.
total Bruker revenue is now estimated to
be greater than $355 million (on January 13, 2010, the Company had
estimated Q4 revenue of greater than $340 million)
the Bruker Scientific Instruments (BSI)
segment expects a GAAP operating margin of greater than 18%
the Bruker Energy & Supercon
Technologies (BEST) segment estimates revenue at greater than $20 million, with
year-over-year growth greater than 75%, and BEST also anticipates a reduced
operating loss year-over-year
The Company s fourth
quarter 2009 financial highlights provided above are preliminary and do not
present all information necessary for an understanding of the Company s 2009
financial position and results of operations.
Moreover, the full year 2009 financial results are currently being
audited by the Company s independent registered public accounting firm. The Company s completion of its 2009
financial statements, and the related audit of these financial statements,
could result in material changes to the preliminary financial results stated
Bruker Corporation is a
leading provider of high-performance scientific instruments and solutions for
molecular and materials research, as well as for industrial and applied
analysis. For more information about Bruker Corporation, please visit
statements contained in this press release that do not describe historical
facts may constitute forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Any forward-looking
statements contained herein are based on current expectations, but are subject
to risks and uncertainties, that could cause actual future results to differ
materially from those projected including, but are not limited to, risks and
uncertainties relating to adverse changes in conditions in the global economy
and volatility in the capital markets, the integration of businesses we have
acquired or may acquire in the future, changing technologies, product
development and market acceptance of our products, the cost and pricing of our
products, manufacturing, competition, dependence on collaborative partners and
key suppliers, capital spending and government funding policies, changes in
governmental regulations, realization of anticipated benefits from economic
stimulus programs, intellectual property rights, litigation, and exposure to
foreign currency fluctuations and other risk factors discussed from time to
time in our filings with the Securities and Exchange Commission. These and
other factors are identified and described in more detail in our filings with
the SEC, including, without limitation, our recent Proxy Statements on Schedule
14A, our annual report on Form 10-K for the year ended December 31,
2008, our most recent quarterly reports on Form 10-Q and our current
reports on Form 8-K. We expressly disclaim any intent or obligation to
update these forward-looking statements other than as required by law.
FOR FURTHER INFORMATION: Stacey Desrochers, Director of Investor Relations
Tel: +1 (978) 663-3660, ext. 1115
Email: stacey.desrochers@bruker.com
Last updated: Feb 4, 2010