Cognex Corp Stock Price, News & Analysis

Cognex Corporation (NASDAQ: CGNX) will release its Q1 2023 earnings on May 4, 2023, before the market opens, followed by a conference call at 8:30 a.m. EDT. This announcement coincides with the filing of its Form 10-Q for the quarter ending April 2, 2023. Stakeholders can participate in the conference call live or access a replay through the Cognex Investor Relations website. The company is a leader in machine vision technology, having shipped over 4 million products and generated over $10 billion in cumulative revenue since its founding in 1981. Cognex aims to enhance manufacturing efficiency and quality using its innovative solutions.

Cognex Corporation (NASDAQ: CGNX) has announced that Paul Todgham, Senior Vice President of Finance and CFO, will present at the 44th Annual Raymond James Institutional Investors Conference on Tuesday, March 7, 2023, at 9:50 a.m. EST.

Investors can access a real-time audio broadcast and archived recording through the Events & Presentations section of the Cognex Investor Relations website. Cognex is recognized globally as a leader in the machine vision industry, with over $10 billion in cumulative revenue since its inception.

Cognex Corporation (NASDAQ: CGNX) declared a quarterly cash dividend of $0.07 per share, scheduled for payment on March 17, 2023. Shareholders of record by March 3, 2023 will receive this dividend, highlighting the company's commitment to returning value to its investors. Cognex, a leader in the machine vision industry, has shipped over 4 million products, generating more than $10 billion in cumulative revenue since its inception in 1981. The company focuses on enhancing manufacturing efficiency through advanced visual technologies across various industrial sectors.

Cognex Corporation (NASDAQ: CGNX) reported Q4-22 results revealing a 2% revenue decline from Q4-21 at $239.4 million, contrasted with a 14% sequential increase from Q3-22. Net income for Q4-22 was $55.3 million, up 3% from the previous year. Annual revenue fell 3% to $1.01 billion, and net income dropped 23% to $215.5 million due to challenges including a strong U.S. dollar and supply chain issues. The gross margin for Q4-22 was 71%, below the company’s long-term target. The outlook for Q1-23 anticipates revenue between $180-$200 million, reflecting lower e-commerce sales and macroeconomic factors.

Cognex Corporation (NASDAQ: CGNX) announced the appointment of Angelos Papadimitriou to its Board of Directors, effective February 17, 2023. Papadimitriou brings extensive executive leadership experience in packaging machinery and industrial automation. He will also serve on the Audit Committee. Additionally, Directors Theodor Krantz and Patrick Alias will retire on May 3, 2023, reducing the board size from nine to seven. The company has delivered over $10 billion in cumulative revenue from image-based products since its inception in 1981, reinforcing its leadership in the machine vision industry.