Financial Performance - Revenue for Q4-24 was $230 million, a 17% increase from Q4-23, with a 12% increase excluding Moritex's contribution[6]. - Net income for Q4-24 was $28 million, a 152% increase from Q4-23, while adjusted net income rose by 84% to $35 million[12]. - Full year 2024 revenue grew by 9% to $915 million, or 1% excluding Moritex, with strong performance in Logistics and Semiconductor sectors[12]. - Cognex expects Q1-25 revenue to be between $200 million and $220 million, indicating stable year-on-year performance[11]. - Revenue for the three months ended December 31, 2024, was $229.684 million, a 16.8% increase from $196.670 million in the same period of 2023[21]. - Adjusted net income for the twelve months ended December 31, 2024, was $127,263 million, up from $127,393 million in 2023, indicating a slight decrease of 0.1%[27]. Profitability Metrics - Adjusted EBITDA margin expanded by 580 basis points year-on-year to 18.5% in Q4-24, driven by revenue growth and cost discipline[3]. - Gross margin for the full year 2024 was 68.4%, down from 71.8% in 2023, primarily due to the Moritex acquisition and unfavorable revenue mix[12]. - Gross profit margin for the three months ended December 31, 2024, was 68.7%, compared to 68.7% in the same period of 2023[21]. - Operating income for the three months ended December 31, 2024, was $30.840 million, with an operating margin of 13.4%[21]. - Adjusted EBITDA for the three months ended December 31, 2024, was $42,435 million, compared to $24,854 million for the same period in 2023, representing a significant increase of 70.7%[27]. - GAAP operating margin remained stable at 13.4% for both the three months ended December 31, 2024, and September 29, 2024[27]. Cash Flow and Shareholder Returns - The company generated $49 million in free cash flow in Q4-24, a $42 million improvement year-on-year[12]. - Cognex returned $57 million to shareholders in Q4-24 through stock repurchases and dividends[3]. - Free cash flow for the twelve months ended December 31, 2024, was $49,331 million, compared to $51,872 million in 2023, reflecting a decrease of 4.7%[28]. - Cash dividends per common share increased to $0.080 for the three months ended December 31, 2024, compared to $0.075 in the previous quarter[21]. Expenses and Costs - Research and development expenses were $32.538 million, representing 14.2% of revenue for the three months ended December 31, 2024[21]. - Selling, general, and administrative expenses were $94.481 million, accounting for 41.1% of revenue for the three months ended December 31, 2024[21]. - The company recorded acquisition and integration costs of $2,882 million for the twelve months ended December 31, 2024, compared to $2,295 million in 2023, an increase of 25.5%[27]. - The effective tax rate (GAAP) for the twelve months ended December 31, 2024, was 20.8%, compared to 19.1% in 2023, indicating an increase of 1.7 percentage points[28]. Company Overview and Strategy - Cognex has shipped over 4.5 million image-based products, generating more than $11 billion in cumulative revenue since its founding in 1981[38]. - The company focuses on machine vision technologies that enhance efficiency and quality in manufacturing and distribution across high-growth industrial markets[37]. - Cognex's solutions automate tasks such as locating, identifying, inspecting, and measuring discrete items, which include mobile phones and electric vehicle batteries[37]. - The company operates globally with offices and distributors across the Americas, Europe, and Asia[38]. - Cognex emphasizes the importance of machine vision in applications where human vision is inadequate for size, accuracy, or speed requirements[37]. - The company has a strong focus on innovation and product development to address critical manufacturing challenges[37]. Risks and Challenges - The company faces risks including technological obsolescence, competitive pressures, and challenges in attracting skilled employees[36]. - Cognex is exposed to economic and political risks associated with international sales, particularly in relation to trade disputes affecting China[36]. - Cognex's future capital needs and potential tax liabilities are areas of uncertainty that could impact financial results[36]. - The company emphasizes the importance of non-GAAP financial measures for evaluating performance and making comparisons over multiple periods[22].

NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the fourth quarter and full year 2024. Table 1 below shows selected financial data for Q4-24 and the full year 2024 compared with Q4-23 and the full year 2023."Cognex delivered strong results in the fourth quarter, with revenue at the high end of our guidance range.  Growth was driven by continued momentum in our Logistics and Semiconductor businesses, including accelerated demand late in the ...

NATICK, Mass., Jan. 23, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the fourth quarter of 2024 on Wednesday, February 12, 2025, after market close. The Company will host a conference call on Thursday, February 13, 2025 at 8:30 a.m. Eastern Standard Time (EST), to discuss the results. Access to the conference call, and a replay that will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone ...

DataMan 290 and 390 barcode readers, backed by industry-leading customer support, deliver unmatched reliability and ease of useNATICK, Mass., Jan. 14, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, today announced the launch of the DataMan® 290 and 390 barcode readers. Thanks to innovative AI technology, these readers deliver reliable decoding performance across a broad range of manufacturing applications. In addition, by making setup and deployment easy and ...

These three stocks have game-changing megatrends behind them, which aren't always immediately apparent when first looking at the stocks. Here's the hidden growth potential in machine-vision company Cognex Corporation (CGNX 0.68%), positioning and workflow-technology company Trimble (TRMB 0.60%), and Delta Air Lines (DAL -0.26%), and why all three are great stocks to buy for 2025.AI and automation will drive demand for Cognex's machine-vision solutionsIt's not easy when customers in your three major end mark ...

NATICK, Mass., Nov. 11, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that Rob Willett, President and Chief Executive Officer of Cognex, will present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024, beginning at 10:05 a.m. Eastern Standard Time.Users can listen to a real-time audio broadcast, or an archived recording, on the Events & Presentations section of the Cognex Investor Relations website: http://www.cognex.com/investor.About Cognex CorporationCo ...

Cognex's (NASDAQ: CGNX ) business has shown signs of improvement in recent quarters, driven by the Moritex acquisition and its emerging customer initiative. Outside of this, the core business is still struggling, with automotive an area of particular weakness.Richard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by id ...

COMPANYWHE 1 © 2024 Cognex Corporation Cognex Q3-2024 Financial Results October 30, 2024 Forward Looking Statements Certain statements made in this presentation, 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 Securities Exchange Act of 1934, as amended. Readers can identify these forward-looking statements by our use of the words "expects," "anticipates ...

Cognex Corporation (NASDAQ:CGNX) Q3 2024 Results Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Nathan McCurren - Head of Investor Relations and Treasurer Robert Willett - President and Chief Executive Officer Dennis Fehr - Senior Vice President of Finance and Chief Financial Officer Conference Call Participants Jamie Cook - Truist Securities Tommy Moll - Stephens Inc. Andrew Buscaglia - BNP Paribas Damian Karas - UBS Securities Michael Anastasiou - TD Cowen Jim Ricchiuti - Needha ...

Cognex Corporation (CGNX) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 17.65%. A quarter ago, it was expected that this company would post earnings of $0.20 per share when it actually produced earnings of $0.23, delivering a surprise of 15%. Over the last four quarters, the compan ...