Cognex Corp - CGNX STOCK NEWS

Cognex (NASDAQ: CGNX) has announced its participation in the upcoming 2025 Cantor Fitzgerald Global Technology Conference. Dennis Fehr, Senior Vice President of Finance and Chief Financial Officer, will deliver a presentation on Wednesday, March 12, 2025, at 10:00 a.m. Eastern Daylight Time.

Interested parties can access the presentation through a real-time audio broadcast or listen to an archived recording via the Events & Presentations section of the Cognex Investor Relations website at cognex.com/investor.

Cognex (NASDAQ: CGNX) has announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share. The dividend will be paid on March 13, 2025, to shareholders who are on record at the close of business on February 27, 2025.

Cognex (NASDAQ: CGNX) reported strong Q4 2024 results with revenue of $230 million, up 17% year-over-year, driven by momentum in Logistics and Semiconductor businesses. The company's Q4 operating income increased 142% to $31 million, while adjusted EBITDA margin expanded by 580 basis points to 18.5%.

For full-year 2024, revenue grew 9% to $915 million, though operating income declined 12% to $115 million. The company maintained a strong financial position with $587 million in cash and investments and no debt. Cognex generated $49 million in free cash flow during Q4 and returned $57 million to shareholders through stock repurchases and dividends.

For Q1 2025, Cognex expects revenue between $200-220 million, with adjusted EBITDA margin projected at 12-15%. The company noted continued weakness in Automotive sector while highlighting the launch of new AI-powered products including VisionPro Deep Learning 4.0 and the new AI-driven DataMan series.

Cognex (NASDAQ: CGNX) has announced it will release its fourth quarter 2024 earnings on Wednesday, February 12, 2025, after market close. The company will host a conference call to discuss the results on Thursday, February 13, 2025, at 8:30 a.m. EST.

Investors can access the conference call and subsequent replay through the Cognex Investor Relations website. For live call participation, participants can dial (877) 704-4573, or (201) 389-0911 for international callers.

Cognex (NASDAQ: CGNX) has launched two new AI-powered barcode readers, the DataMan® 290 and 390. These products feature advanced AI capabilities that enable reliable code reading with a single click, simplifying setup and maintenance while reducing downtime. The readers include an integrated all-in-one light for high read rates in low-visibility environments and can handle various code types, including damaged or low-quality codes.

The DataMan 290 is designed for most standard barcode reading applications, while the 390 model offers higher resolution for complex scanning needs. Both products feature a user-friendly web interface with guided setup, allowing deployment within minutes. The launch is supported by Cognex Customer Success, providing comprehensive support from setup and training to deployment and runtime.

Cognex (NASDAQ: CGNX) has announced that Rob Willett, President and CEO, will deliver a presentation at the Baird 2024 Global Industrial Conference. The presentation is scheduled for Thursday, November 14, 2024, at 10:05 a.m. EST. Interested parties can access both real-time audio broadcast and archived recordings of the presentation through the Events & Presentations section on Cognex's Investor Relations website.

Cognex (NASDAQ: CGNX) has announced a quarterly cash dividend increase. The Board of Directors declared a dividend of $0.08 per share, representing a 7% increase from the previous quarter's $0.075 per share. The dividend will be paid on November 29, 2024 to shareholders of record as of November 14, 2024.

Cognex (CGNX) reported Q3 2024 financial results with revenue of $235 million, up 19% year-over-year, with 12% contribution from Moritex acquisition. Net income reached $30 million, increasing 56% from Q3-23. The company maintained strong financial position with $607 million in cash and no debt.

Revenue growth was driven by strong performance in Logistics and Semiconductor sectors, while factory automation remained soft, particularly in Automotive. Q3 operating cash flow and free cash flow reached highest levels since Q4-2022. The company expects Q4 2024 revenue between $210-230 million, with adjusted EBITDA margin of 14-17%.

Cognex (NASDAQ: CGNX) has announced the release date for its third quarter 2024 earnings. The company will disclose its financial results on Wednesday, October 30, 2024, after the market closes. Following this, Cognex will host a conference call on Thursday, October 31, 2024, at 8:30 a.m. EDT to discuss the quarterly performance.

Investors and interested parties can access the conference call and a subsequent replay through the Cognex Investor Relations website. For those wishing to participate via telephone, the call-in numbers are (877) 704-4573 for domestic callers and (201) 389-0911 for international participants.