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July 23, 2014
12:16 EDTBRKRBruker says profitability to improve once CAM restructuring plan implemented
Bruker approved a plan to divest certain assets and implement a restructuring program in the Chemical & Applied Markets, CAM, division within the Bruker CALID Group. These divestment and restructuring actions are expected to result in a reduction of CAMís employee headcount by approximately 200 to 250 people and are expected to lead to CAM-related restructuring and other one-time charges of between $35M and $40M, of which $10M to $13M are expected to result in future cash charges for employee separation and facility exit costs, and $25M to $27M are estimated for inventory write-downs and asset impairments. The restructuring charges are expected to be incurred in the 2H14 and 1H15. Proceeds from potential divestitures cannot be estimated at this time. The company currently anticipates that the annual run-rate revenues for the CAM products and services will be reduced by approximately $50M-$70M, and profitability is expected to be improved by $15M to $20M annually, once the Plan is fully implemented. The company expects to provide further details on its CAM restructuring plans and financial outlook for 2014 on its Q214 earnings conference call scheduled for August 6. Additionally, as the Plan is implemented, management will continue to evaluate the estimated costs associated with the Plan and may revise its estimates of such costs and the related accounting charges.
News For BRKR From The Last 14 Days
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October 6, 2015
09:59 EDTBRKRBruker's Jordan Valley acquisition to add roughly 1c-2c to FY16 EPS
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09:58 EDTBRKRBruker to acquire Jordan Valley Semiconductors, terms not disclosed
Bruker Corporation announced the signing of an agreement to acquire the shares of Jordan Valley Semiconductors. The acquisition uniquely positions Bruker to offer unmatched solutions for advanced problems in nanotechnology research and semiconductor metrology. With trends toward increased connectivity and access to even larger amounts of data, new nanometrology needs are driving growth opportunities at advanced semiconductor nodes with even smaller features and three dimensional structures. Financial details of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2015.
07:33 EDTBRKRBruker BioSpin pricing improving, says Wells Fargo
After speaking with the directors of four large Nuclear Magnetic Resonance labs, which are either current or prospective Bruker customers, Wells Fargo thinks that the pricing of the company's BioSpin division, which accounts for 34% of its revenue, is rising. The firm recommends buying the stock following its recent decline. It says that the company's NMR customers appear to be satisfied, and it keeps an Outperform rating on the shares.

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