Bruker Corporation (NASDAQ:BRKR) Q4 2022 Earnings Call Transcript

Frank Laukien : Single digits. So a little bit slower than the year. But that’s probably a transition effect. We’re excited about the stimulus and the size of it and how much of it might go into scientific instruments. It’s fantastic. I wouldn’t say that at this point, we have more than headline visibility into all of that. So it’s a little bit like when the first stimulus package or the CHIPS Act get passed until you then see until the rubber hits the road and we get orders or have visibility into grants and so on, that always takes a few quarters. And so often these announcements then, until they turn into our revenue and growth, is probably a €˜24 effect. But we’re delighted to have more strong drivers in €˜24. China always has a preference for local products where they are competitive in some areas.

Multi-biotyper, preclinical MRI and lower end X-ray systems that are local products, right. And we continue to hold our ground. People sometimes want the higher performance, but sometimes they buy local. That’s nothing new. For most of our product lines, there isn’t a Chinese substitute. And then the geopolitical risk with China around Taiwan or other things balloons that’s just very, very, very difficult to see where that’s going. So we have not built in any geopolitical major crisis. As that’s just not predictable for us, but it is a concern, of course, for the next decade.

Justin Ward: Operator. We’re past 9:30 here, so we’re going to finish up the call here.

Operator: Okay, so this concludes the question-and-answer session. I’d like to turn it back over to Justin Ward for any closing remarks.

Justin Ward: Great. Well, thank you everyone, for joining us today. During the first quarter, Bruker will participate in several investor conferences, including the City Healthcare Conference and the Cowen Healthcare Conference. And as Frank mentioned, we expect to host a Bruker Investor Day at the headquarters in Bruker, Massachusetts on June 15 of this year. So we look forward to welcoming all of you to that. Also, Bruker’s leadership team looks forward to meeting with you at one of those events, or speaking with you directly during the quarter. Please feel free to reach out to me if you have a follow up. Have a great morning.