Cognex reports Q2 adjusted EPS 25c, consensus 24c

Reports Q2 revenue $249M, consensus $246.11M. “We’re focused on executing on our strategic priorities and delivering on our long-term financial framework to drive shareholder value,” said Matt Moschner, President and CEO. “The second quarter represents an early, but meaningful, step forward in this journey, marked by continued Adjusted EBITDA margin expansion and strong free cash flow generation – both of which we believe are important indicators of our financial discipline and long-term value creation.” Commenting further on the second-quarter performance, Mr. Moschner said, “We sustained our positive momentum from Q1 into Q2, with strength in Logistics and broader Factory Automation, especially in Consumer Electronics and Packaging. We believe that our salesforce transformation is delivering impactful results, helping us reach a broader cross-section of Packaging customers.”