Cognex Corporation (NASDAQ:CGNX) Q4 2023 Earnings Conference Call February 15, 2024 8:30 AM ET Nathan McCurren - Head-IR Paul Todgham - CFO Andrew Buscaglia - BNP Paribas Joseph Donahue - Baird Company Participants Rob Willett - President and CEO Conference Call Participants Jim Ricchiuti - Needham & Company Jacob Levinson - Melius Research Joe Ritchie - Goldman Sachs Piyush Avasthy - Citi Jairam Nathan - Daiwa Katie Fleischer - KeyBanc Capital Markets Operator Greetings, and welcome to the Cognex Fourth Qu ...

COMPANYWHE 1 © 2024 Cognex Corporation Cognex Q4 2023 Financial Results February 15, 2024 Forward Looking Statements Certain statements made in this report, as well as oral statements made by the Company from time to time, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Readers can identify these forward-looking statements by our use of the words "expects," "anticipates," "estimates," "potential," "believ ...

Cognex Corporation (CGNX) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.16, delivering a surprise of 6.67%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Cognex Corporation, which b ...

Financial Position and Investments - The company had approximately $576 million in cash and investments as of December 31, 2023, with no long-term debt, positioning it well to weather economic downturns[391] - The fair value of the company's portfolio of debt securities amounted to $373,622,000 as of December 31, 2023, with a yield to maturity of 2.3%[521] - 68% of the company's investment portfolio had effective maturity dates of less than three years as of December 31, 2023[521] - The company's investment policy was modified in July 2023 to reduce effective maturities of newly purchased securities to up to five years[521] Risks and Vulnerabilities - The company faces risks from potential business disruptions due to natural disasters, fires, energy shortages, or public health crises, particularly affecting its third-party primary contractor manufacturers in Indonesia and Malaysia[391] - The company is exposed to potential liabilities, increased costs, and reputational harm due to environmental, social, and governance considerations, including climate change and greenhouse gas emissions[391] - The company relies on single or limited sources for certain components and manufacturing, making it vulnerable to supply chain disruptions[391] - The company's operating results could be adversely affected by unfavorable global economic conditions, including high inflation rates and increased interest rates[391] - The company's inability to obtain components at reasonable prices or manage product transitions effectively could negatively impact its operating results[382][397] - The company's failure to comply with data privacy or data protection laws and regulations could result in legal and regulatory proceedings[391]

Cognex Corporation (NASDAQ:CGNX) Q3 2023 Earnings Conference Call October 31, 2023 8:30 AM ET Company Participants Nathan McCurren - Head-Investor Relations Rob Willett - President & Chief Executive Officer Paul Todgham - Chief Financial Officer Conference Call Participants Jacob Levinson - Melius Research Piyush Avasthy - Citi Jim Ricchiuti - Needham & Company Ken Newman - KeyBanc Capital Markets Jairam Nathan - Daiwa Securities Operator Greetings, and welcome to the Cognex Third Quarter 2023 Earnings Conf ...

Cognex Corporation (NASDAQ:CGNX) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Nathan McCurren – Head-Investor Relations Paul Todgham – Chief Financial Officer Josh Pokrzywinski – Morgan Stanley Joe Giordano – Cowen Jairam Nathan – Daiwa Capital Markets Operator Company Participants Rob Willett – President and Chief Executive Officer Conference Call Participants Tommy Moll – Stephens, Inc. Jacob Levinson – Melius Research Rob Mason – Baird Keith Housum – Northcoast Research Greetings. Welcome t ...

Cognex Corporation (NASDAQ:CGNX) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Paul Todgham - Chief Financial Officer Jacob Levinson - Melius Research Jairam Nathan - Daiwa Capital Markets Nathan McCurren Rob Willett Additionally, we are comparing to an exceptionally strong Q1 of 2022, highlighted by large logistics projects and backlog catch-up as the supply environment improved. Gross margin of 71% in Q1 was in line with our expectations, yet still below our mid-70% long-term target due to the e ...

Cognex Corporation (NASDAQ:CGNX) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET Company Participants Nathan McCurren - Head of Investor Relations Robert Willett - President & Chief Executive Officer Paul Todgham - Chief Financial Officer Conference Call Participants Josh Pokrzwinski - Morgan Stanley Joe Ritchie - Goldman Sachs Joe Giordano - Cowen Guy Hardwick - Credit Suisse Jacob Levinson - Melius Research Jim Ricchiuti - Needham & Company Rob Mason - Baird Paul Chung - JPMorgan Matt Summer ...

Research, Development, and Engineering Cognex engages in research, development, and engineering (RD&E) to enhance our existing products and to develop new products and functionality to address market opportunities. We believe that a continued commitment to RD&E activities is essential to maintain or achieve product leadership with our existing products and to provide innovative new product offerings, as well as to provide engineering support for large customers. In addition, we consider our ability to accel ...

Cognex Corporation (NASDAQ:CGNX) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Susan Conway - Senior Director of Investor Relations Rob Willett - President & Chief Executive Officer Paul Todgham - Chief Financial Officer Conference Call Participants Joe Giordano - Cowen Joe Ritchie - Goldman Sachs Josh Pokrzwinski - Morgan Stanley Jake Levinson - Melius Research Jim Ricchiuti - Needham & Company Jairam Nathan - Daiwa Capital Markets Will Jellison - D.A. Davidson Damian Ka ...