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Universal Robots reported its highest annual income to this point in 2022. | Source: Universal Robots
Teradyne introduced it introduced in $3.15 billion in income in FY 2022. This marks the corporate’s second-biggest 12 months in historical past, following 2021. Its Industrial Automation Group, which incorporates Universal Robots (UR), Mobile Industrial Robots (MiR), and Energid, introduced in $404 million.
This is 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 mentioned 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 autumn 2022, barely down from the $97 million it introduced in throughout This autumn of 2021, however nonetheless leading to a record-high 12 months for the corporate for the second 12 months in a row. UR noticed a 5% improve in annual income from 2021 and a 12% development on a continuing 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, mentioned 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 development initiatives, together with a channel transformation at UR, to realize traction. These development initiatives additionally included supplementing its conventional distributor community with centered OEM channels.
The Industrial Automation Group will even doubtless see development due to its current product releases, just like the higher-payload UR20, which expands its service market. The UR20 will ramp up manufacturing in 2023, significantly within the second half of the 12 months.
“We invested last year in building world-class expertise in welding, palletizing and machine tending,” Kim Povlsen, UR’s president, mentioned 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 Mobile Robots, one other Teradyne subsidiary on the finish of Q3 2022, with the built-in firm formally being known as Mobile Industrial Robots.
Prior to the merger, MiR supplied a spread of AMRs able to carrying payloads and pallets as much as 3,000 lb. (1350 kg). By combining with AutoGuide, the portfolio will increase 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 development coming within the second half of the 12 months.
The firm’s market penetration for collaborative robots, together with autonomous cell robots (AMRs), is beneath 5%, leaving Teradyne with a variety of room for long-term development. Teradyne is anticipating its Industrial Automation Group to ultimately make up 20% of the corporate’s complete gross sales.