Cognex Corp (OQ:CGNX)
Business Focus: Testing & Measuring Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One Vision Drive NATICK MA 01760 |
| Tel: | N/A |
| Website: | https://www.cognex.com |
| IR: | See website |
| Key People | ||
| Robert J. Willett President, Chief Executive Officer, Director | Laura Ann MacDonald Interim Principal Financial Officer, Principal Accounting Officer | Sheila Marie Dipalma Chief Culture Officer, Executive Vice President - Employee Services |
| Carl W. Gerst Executive Vice President - Vision and ID Products | Joerg Kuechen Chief Technology Officer | |
| Business Overview |
| Cognex Corporation invents and commercializes technologies that address various critical manufacturing and distribution challenges. The Company is a global provider of machine vision products and solutions that improve efficiency and quality in businesses across industrial end markets. It operates through the machine vision technology segment. Its solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cognex Corp revenues decreased 17% to $837.5M. Net income decreased 47% to $113.2M. Revenues reflect Standard products and services segment decrease of 13% to $734.1M, Application-specific customer solutions segment decrease of 35% to $103.4M, Greater China segment decrease of 28% to $164.1M, United States segment decrease of 16% to $288.3M. Net income also reflects Selling/General/Admin. |
| Employees: | 2,992 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,316M as of Dec 31, 2023 |
| Annual revenue (TTM): | $837.55M as of Dec 31, 2023 |
| EBITDA (TTM): | $144.58M as of Dec 31, 2023 |
| Net annual income (TTM): | $113.23M as of Dec 31, 2023 |
| Free cash flow (TTM): | $40.76M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 171,821,187 as of Mar 1, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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