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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 800.7 $ 681.9 $ 1,522.4 $ 1,367.2
Total cost of revenue 416.1 341.4 785.0 667.0
Gross profit 384.6 340.5 737.4 700.2
Operating expenses:        
Selling, general and administrative 221.3 177.9 416.6 340.6
Research and development 92.2 71.0 174.0 140.0
Other charges, net 23.0 5.4 33.9 10.7
Total operating expenses 336.5 254.3 624.5 491.3
Operating income 48.1 86.2 112.9 208.9
Interest and other income (expense), net (24.2) (8.7) (17.4) (24.8)
Income before income taxes, equity in income of unconsolidated investees, net of tax, and noncontrolling interests in consolidated subsidiaries 23.9 77.5 95.5 184.1
Income tax provision 16.1 19.9 35.9 49.8
Equity in income (losses) of unconsolidated investees, net of tax (0.2) 0.2 0.0 0.9
Net income 7.6 57.8 59.6 135.2
Net income attributable to noncontrolling interests in consolidated subsidiaries 0.0 0.7 1.1 1.6
Net income attributable to Bruker Corporation $ 7.6 $ 57.1 $ 58.5 $ 133.6
Net income per common share attributable to Bruker Corporation shareholders:        
Basic $ 0.05 $ 0.39 $ 0.4 $ 0.91
Diluted $ 0.05 $ 0.39 $ 0.4 $ 0.91
Weighted average common shares outstanding:        
Basic 147.4 146.8 146.3 146.8
Diluted 148 147.7 147 147.6
Product        
Total revenue $ 654.4 $ 559.6 $ 1,241.3 $ 1,126.7
Total cost of revenue 326.0 272.8 617.7 530.0
Other        
Total revenue 146.3 122.3 281.1 240.5
Total cost of revenue $ 90.1 $ 68.6 $ 167.3 $ 137.0