Bruker Corp Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rachel Marie Vatnsdal Olson - JPMorgan Chase & Co, Research Division - Analyst : So first off, on Europe, that region grew low single digits this quarter. So can you walk us through what you're seeing in that market, specifically on the funding and academic and government in light of some of these recessionary concerns? And then what do you expect Europe to really be able to grow this year? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 03, 2022 / 8:30PM, BRKR.OQ - Q2 2022 Bruker Corp Earnings Call

Question: Rachel Marie Vatnsdal Olson - JPMorgan Chase & Co, Research Division - Analyst : Yes. So the low single digits in Europe this quarter. I was just wondering if you can walk us through what you're seeing from a funding environment for academic and government, specifically in Europe? And then what are you anticipating for Europe growth for the year?

Question: Rachel Marie Vatnsdal Olson - JPMorgan Chase & Co, Research Division - Analyst : Great. And then a follow-up on some of your earlier comments around the assumptions for the back half of the year. You said that you're expecting mid-single-digit organic growth in 3Q and (inaudible) that includes some of the supply chain pressures that you've referenced, but that you'll be planning on making up for that in 4Q. However, it sounded like you're also anticipating some of those supply chain headwinds to continue into 2023. So can you just clarify those supply chain comments and when you think they will really soften as a headwind? And then for 4Q, are you assuming any outside seasonality from 4Q budget flushes or any other thing that's driving that incremental strength in 4Q?