Latest news with #CMSE
Yahoo
08-05-2025
- Business
- Yahoo
Bruker Corp (BRKR) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Market Challenges
Bruker Corp ( NASDAQ:BRKR ) is implementing mitigation actions, including pricing strategies and supply chain reengineering, to offset more than half of the operating profit headwinds in 2025, with full offset expected by 2026. Story Continues Q & A Highlights Q: Could you elaborate if there was any pull forward in the quarter because of the tariff worries or any other worries in the market that the customers might have had? And are you making any impact from that as a result of that pull forward? A: There really wasn't any pull forward due to tariffs or ACA/GOV. However, the UK 1.2 gigahertz system installation went smoothly and was completed in Q1 instead of Q2, but this wasn't market-driven. We don't see any cancellations in China yet, but there are delays due to customers not being able to pay the extra 125% import duties. In the US, we see uncertainties and delays but no cancellations yet. Q: When we think about the offsets of the AI chips onshoring of that, the funding initiatives in Germany, maybe lower interest rates, can you walk us through how are you thinking about some of those offsets potentially mitigating the impact maybe into the second half? A: AI remains strong, and our tools are essential for AI advancements. We see strong demand from companies like CMSE. German and Korean stimulus funding, European defense spending, and semiconductor metrology strength are positive trends. While these may not significantly impact this year's revenue, they are expected to provide tailwinds for 2026 and beyond. Q: Could you talk about how you would respond to a potential 20-25% cut to next year's US academic government budget? A: We are committed to resuming significant margin expansion by 2026. Our operational excellence and integration strategies remain intact, though this year we're playing defense. Growth drivers like biopharma recovery, AI, European investments, and clean energy projects will play a bigger role next year. We expect US ACA/GOV to be weak next year but likely growing compared to this year's disruptions. Q: Can you talk through the confidence level of offsetting tariffs into 2026 and preserving that number? A: We're taking additional pricing actions and exploring supply chain alternatives, such as final assembly in different regions. Cost actions are significant, with $30 million expected this year. Supply chain reengineering will have a more substantial effect next year. We're confident in offsetting more than half of the margin headwinds this year and fully by 2026. Q: Can you talk to us about your expectations for bookings going forward? Do you think we've kind of hit bottom on orders? A: The academic order weakness is just beginning, with the brunt expected in Q2 and Q3. Despite this, we expect to end the year with a 6.5- to 7-month backlog, indicating strength in other areas. Our long-term normalized backlog should be around 5x, and we anticipate maintaining a high backlog level. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
10-04-2025
- Science
- Yahoo
China and Pakistan agree to fly 1st foreign astronaut to Chinese space station
When you buy through links on our articles, Future and its syndication partners may earn a commission. For the first time, the Chinese space program will train a Pakistani astronaut, who will also be the first foreign astronaut to visit China's space station. The agreement, called the "Cooperation Agreement on the Selection, Training of Pakistani Astronauts and Participation in China's Space Station Flight Mission," was signed by officials from the China Manned Space Engineering Office (CMSE) and the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) on Feb. 28. "The signing of this agreement marks the first time that the Chinese government will select and train astronauts for foreign countries, and the Chinese space station will welcome the first foreign astronaut to visit," the CMSE wrote in a statement (Translated with Google). The signing ceremony took place in the Prime Minister's Office of Pakistan in the country's capital, Islamabad. The agreement was signed by Lin Xiqiang, CMSE deputy director, and Mohammad Yousaf Khan, SUPARCO chairman. The next step will be the selection work that will take about a year, according to the statement. The Pakistani astronauts will then travel to China for training. Afterwards, Pakistani and Chinese astronauts will enter the Tiangong space station together and undertake a series of short-duration missions over the next few years, according to CMSE officials. China's Tiangong Space Station has been in operation since 2022. The CMSE launched the three modules that make up the space station, then built it in low Earth orbit. The space station orbits earth between 217 and 280 miles (340 to 450 kilometers) altitude. The first crew on the Tiangong station was Shenzhou 12. They launched on a mission to the space station in 2021, when the core module was the only one in orbit. In December of last year, Chinese astronauts Cai Xuzhe and Song Lingdong, part of the Shenzhou 19 mission, spent a record-breaking nine hours on a space walk outside of the Tiangong space station, according to CMSA.
