Business

Mass. Movers

Bruker stock surges on profit report

Bruker’s business includes products first responders use to detect hazardous materials.

Texarkana Gazette via AP

Bruker’s business includes products first responders use to detect hazardous materials.

Advertisement

Bruker Corp., a maker of analytical instruments, is demonstrating that not all corporate capital spending is tight, Dow Jones reported. The Billerica-based company logged strong third-quarter results. Chief executive Frank Laukien noted Monday that demand is still softening in some areas but applauded Bruker’s ability to report double-digit organic revenue growth — due partly to “our still very significant backlog.” Third-quarter revenue was $447.8 million, up 7 percent from a year earlier. Net ­income was $39.7 million, compared to $19.8 million a year earlier.

Loading comments...