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Common Robots reported its highest annual income to this point in 2022. | Supply: Common Robots
Teradyne introduced it introduced in $3.15 billion in income in FY 2022. This marks the corporate’s second-biggest yr in historical past, following 2021. Its Industrial Automation Group, which incorporates Common Robots (UR), Cell Industrial Robots (MiR), and Energid, introduced in $404 million.
This can be a $28 million improve from the $376 million it introduced in throughout 2021. In 2022, UR introduced in $326 million, whereas MiR introduced in $77 million.
“We delivered better than expected results in the fourth quarter on higher revenue and gross margins and lower expenses than planned,” Teradyne CEO Mark Jagiela stated in a launch. “Increased shipments of our Eagle products serving the automotive and industrial chip markets combined with stronger demand for UR cobots in the quarter drove the improved results.”
UR introduced in $85 million in income in This fall 2022, barely down from the $97 million it introduced in throughout This fall of 2021, however nonetheless ensuing in a record-high yr for the corporate for the second yr in a row. UR noticed a 5% improve in annual income from 2021 and a 12% progress on a relentless forex foundation.
“We are proud to have continued to grow our business despite facing a difficult macroeconomic environment in 2022,” Kim Andreasen, UR’s chief monetary officer, stated in a launch. “We focused on those things we are able to control, and we overcame supply chain challenges to report our highest annual revenue to date.”
Teradyne expects its Industrial Automation Group to proceed to develop strongly in 2023. In 2022, the corporate started progress initiatives, together with a channel transformation at UR, to realize traction. These progress initiatives additionally included supplementing its conventional distributor community with centered OEM channels.
The Industrial Automation Group may also doubtless see progress due to its latest product releases, just like the higher-payload UR20, which expands its service market. The UR20 will ramp up manufacturing in 2023, significantly in the second half of the yr.
“We invested last year in building world-class expertise in welding, palletizing and machine tending,” Kim Povlsen, UR’s president, stated in a launch. “We have also been working with our ecosystem partners to make automation easier for our customers than ever before. 2022 has been an important year for the company overall. We started construction on new headquarters, reached our 1000 employee milestone and launched a ground-breaking new cobot.”
MiR merged with AutoGuide Cell Robots, one other Teradyne subsidiary on the finish of Q3 2022, with the built-in firm formally being referred to as Cell Industrial Robots.
Previous to the merger, MiR provided a variety of AMRs able to carrying payloads and pallets as much as 3,000 lb. (1350 kg). By combining with AutoGuide, the portfolio will develop to incorporate high-payload AMR tuggers and forklifts working on the MiRFleet software program.
Teradyne expects the Industrial Automation Group to develop greater than 20% in 2023, with a lot of that progress coming in the second half of the yr.
The corporate’s market penetration for collaborative robots, together with autonomous cell robots (AMRs), is beneath 5%, leaving Teradyne with quite a lot of room for long-term progress. Teradyne is anticipating its Industrial Automation Group to finally make up 20% of the corporate’s whole gross sales.
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