NATICK, Mass., May 21, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that Rob Willett, Chief Executive Officer, will participate in a fireside chat at the 53rd annual TD Cowen Technology, Media & Telecom Conference on Wednesday, May 28, 2025, beginning at 10:50 a.m. Eastern Daylight Time.The presentation will be made available via webcast on the Investor Relations section of the Cognex website at www.cognex.com/investor.About Cognex CorporationCognex Corporation ("Cognex") invents a ...

Cognex's ( CGNX ) share price has come under further pressure in recent months, due in part to the company's valuation and mixed demand across end markets. In addition, Cognex's exposure to the logistics, automotive and consumer electronics sectors, andRichard 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 identifyi ...

Cognex Corporation (NASDAQ: CGNX ) is at the beginning stages of a growing opportunity for industrial automation across all markets. With its new AI-enabled scanning technologies, Cognex may be in a position to expand across a wider variety of customersMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, I ...

Cognex (CGNX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 It is now my pleasure to introduce your host, Gria Aviv of Investor Relations. Thank you. You may begin. Speaker1 Thank you, operator. Good morning, everyone, and thank you for joining us. Our earnings release was published yesterday after market closed, and our 10 Q was filed this morning. On today's call, we will refer to materials available on our Investor Relations website. We are joined here today by Rob Willett, our CEO Matt Moshene ...

Cognex (CGNX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Greer Aviv - Senior Investor Relations ConsultantRobert Willett - CEO, President & Executive DirectorMatt Moschner - President and COODennis Fehr - Senior VP of Finance & CFODamian Karas - Executive DirectorTommy Moll - Managing Director Conference Call Participants Joe Giordano - AnalystAndrew Buscaglia - Senior AnalystKevin Wilson - Equity Research AnalystPiyush Avasthy - AnalystJacob Levinson - Analyst Operator It is now my ...

Cognex Q1 2025 Earnings April 30, 2025 1 © 2025 Cognex Corporation 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 (the "Exchange Act"). Readers can identify these forward-looking statements by our use of the words "expects," "anticipates, ...

Exhibit 99.1 Cognex Reports First Quarter 2025 Results; Announces CEO Transition April 30, 2025―NATICK, MA—Cognex Corporation (NASDAQ: CGNX) today reported financial results for the first quarter ended March 30, 2025. First-Quarter Financial and Operating Highlights Cognex today announced that Matt Moschner, Cognex's President and Chief Operating Officer, will succeed Robert J. Willett as Chief Executive Officer on June 27, 2025. Mr. Willett, who became President and Chief Operating Officer in 2010 and Chie ...

文章核心观点 公司公布2025年第一季度财报，营收增长，运营表现良好，同时宣布管理层变动，还给出二季度指引并将举办投资者日活动 [1][2][10][12] 管理层变动 - 2025年6月27日，公司总裁兼首席运营官Matt Moschner将接替Robert J. Willett担任首席执行官，Willett将继续担任公司董事会成员，Moschner届时也将加入董事会 [2] 第一季度财务与运营亮点 - 按固定汇率计算营收增长5%，得益于物流和半导体业务的持续强劲，但汽车市场仍低迷 [3] - 预计在2025年大幅减轻当前关税的直接成本影响，对每股收益无重大影响 [3] - 专注盈利能力和营运资金管理，过去十二个月自由现金流达1.62亿美元，为调整后净收入的120%，本季度积极回购1.02亿美元股票 [3] 第一季度财务表现亮点 |指标|2025年第一季度|2024年第一季度|同比变化| | ---- | ---- | ---- | ---- | |营收|2.16亿美元|2.11亿美元|+2%| |运营收入|2600万美元|1400万美元|+84%| |运营收入占营收比例|12.1%|6.7%|+540个基点| |调整后EBITDA|3600万美元|2500万美元|+44%| |调整后EBITDA占营收比例|16.8%|11.9%|+490个基点| |摊薄后每股净收入|0.14美元|0.07美元|+99%| |调整后摊薄每股收益|0.16美元|0.11美元|+41%| [4] 具体财务数据 - 营收2.16亿美元，同比增长2%，按固定汇率计算增长5%，物流和半导体业务增长抵消了汽车行业的疲软，工厂自动化营收保持稳定 [5][6] - 毛利率66.8%，调整后毛利率67.6%，同比均有所下降，主要因不利组合和外汇因素，定价不利影响被生产率措施抵消 [6] - 运营费用1.18亿美元，同比下降7%，调整后运营费用1.15亿美元，同比下降8%，主要因员工总数减少、成本管理严格、股票费用降低和外汇因素 [6][7] - 运营利润率12.1%，调整后运营利润率14.4%，同比分别增加540和500个基点；调整后EBITDA利润率16.8%，同比增加490个基点，得益于营收增长和运营费用降低 [15] - 净收入2400万美元，调整后净收入2700万美元，同比分别增长96%和39%；摊薄后每股净收入0.14美元，调整后摊薄每股收益0.16美元，同比分别增长99%和41% [15] - 截至2025年3月30日，公司财务状况良好，现金和投资达5.13亿美元，无债务 [15] - 第一季度经营活动产生的现金为4100万美元，同比增长197%；自由现金流3800万美元，同比增长297%，第一季度自由现金流转化率为调整后净收入的140%，过去十二个月为120% [15] - 第一季度回购1.02亿美元普通股，并向股东支付1400万美元股息 [15] 股息 - 2025年4月30日，公司董事会宣布每股0.08美元的季度现金股息，将于2025年5月29日支付给2025年5月15日收盘时登记在册的股东 [9] 第二季度指引 |指标|2025年第二季度指引|2024年第二季度结果|同比变化| | ---- | ---- | ---- | ---- | |营收|2.35 - 2.55亿美元|2.39亿美元|+2.5%| |调整后毛利率|60%以上|70.3%|略有下降| |调整后EBITDA利润率|18.5% - 21.5%|19.9%|+10个基点| |调整后有效税率|16.0%|15.0%|+100个基点| [11] 投资者日 - 公司将于6月10日举办投资者日活动，管理层将介绍5年战略目标、讨论技术领导力、客户体验、人工智能在机器视觉领域的发展，并概述更新后的财务框架和资本配置策略 [12] 非GAAP财务指标 - 公司定义了调整后毛利率、调整后运营费用、调整后运营收入、调整后EBITDA、调整后净收入、调整后摊薄每股收益、调整后有效税率和自由现金流等非GAAP指标，以帮助投资者更准确比较多期结果，但这些指标有局限性，应与GAAP指标结合使用 [20][22] 公司简介 - 公司是全球领先的机器视觉产品和解决方案提供商，自1981年成立以来已发货超500万基于图像的产品，累计营收超120亿美元，总部位于美国马萨诸塞州纳蒂克，在美洲、欧洲和亚洲设有办事处和经销商 [33][34]

文章核心观点 - 机器视觉公司康耐视（Cognex）今年面临困境，4月30日公布第一季度财报时可能无法给投资者带来好消息，但对寻求长期持有成长股的投资者而言，该公司股票极具价值 [1] 康耐视、自动化与人工智能 - 公司生产机器视觉和条形码读取技术，是自动化设备的“眼睛”和“大脑”，随着制造和物流企业对自动化生产线和物流的投资增加，机器视觉需求将上升 [2] - 机器视觉解决方案不仅能通过替代人力提高生产力，且在检查、识别、监控和精确引导生产线及物流方面比人类表现更优，人工智能学习工具的嵌入进一步增强了其能力 [3] - 苹果等智能手机制造商在质量控制和精确引导自动化流程时会用到该公司技术，电动汽车电池制造和电子商务履行中心也是其关键市场 [4] 具有挑战性的终端市场 - 公司的三个关键终端市场为消费电子、汽车和物流，管理层预计终端市场年增长率为13%，公司增速将超过行业的15%，但过去几年情况不佳 [6] - 物流市场在疫情封锁后需求激增，近年来因前期过度增长自然回调而急剧收缩 [8] - 高利率抑制了汽车销售，电动汽车相关支出大幅放缓，同时也对消费电子的可自由支配支出造成压力，智能手机设计师推迟推出新机型和生产线资本投资 [9] - 关税冲突带来的不确定性，可能导致公司4月30日的交易更新令人失望，华尔街分析师已下调对该公司的盈利预期 [10] 康耐视股票值得买入的原因 - 尽管业绩表现不佳，但公司仍极具吸引力，其终端市场不会一直低迷，机器视觉有助于美国等劳动力成本较高的国家实现再工业化并将制造业从低成本劳动力国家带回 [12] - 从历史数据看，公司基于过去12个月的自由现金流、息税折旧摊销前利润与企业价值之比或市销率的估值较为有利 [12] - 若华尔街预测正确，当前估值基于公司低谷期的盈利和现金流，2025年公司可能触底反弹，长期增长率使其成为价格合理的优质成长股，谨慎投资者可等待财报公布后寻找更好的切入点，能承受潜在波动的投资者可将其作为长期投资选择 [14]

NATICK, Mass., April 10, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) will release earnings for the first quarter of 2025 on Wednesday, April 30, 2025, after market close. The Company will host a conference call on Thursday, May 1, 2025, at 8:30 a.m. Eastern Daylight Time (EDT), 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 number ...