Market Updates
National Instruments Quarterly Sales Up 16%, New Orders Jumped 27%
Scott Peters
02 May, 2022
New York City
National Instruments Corp said first quarter 2022 revenues increased 16% to $343.6 million and net income surged six-fold to $25.2 million a year ago.
Diluted earnings per share in the quarter rose to 19 cents from 3 cents a year ago.
The company also lifted quarterly dividend per share to 28 cents from 27 cents a year ago.
Total new orders in the quarter rose 27% driven by a surge of 40% in the Americas 22% in the EMEA region, and 17% in APAC.
Gross margin in the quarter was 17% and operating margin was 8%.
As of March 31, 2022, the company had $143 million in cash and cash equivalents.
During the quarter, the company paid $37 million in dividends and repurchased approximately 772,000 shares of its common stock at an average price of $40.74 per share.
Guidance and Outlook
The test and measurement system maker estimated 2022 revenues between $370 million and $410 million and diluted earnings per share between 1 cent and 15 cents.
The non-GAAP diluted earnings per share in 2022 are estimated between 25 cents and 39 cents.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|