Hearken to this text
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 Common Robots (UR), Cell Industrial Robots (MiR), and Energid, introduced in $404 million.
It is a $28 million enhance from the $376 million it introduced in throughout 2021. In 2022, UR introduced in $326 million, whereas MiR introduced in $77 million.
“We delivered higher than anticipated ends in the fourth quarter on increased income and gross margins and decrease bills than deliberate,” Teradyne CEO Mark Jagiela stated in a launch. “Elevated shipments of our Eagle merchandise serving the automotive and industrial chip markets mixed with stronger demand for UR cobots within the quarter drove the improved outcomes.”
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% enhance in annual income from 2021 and a 12% development on a continuing forex foundation.
“We’re proud to have continued to develop our enterprise regardless of dealing with a troublesome macroeconomic atmosphere in 2022,” Kim Andreasen, UR’s chief monetary officer, stated in a launch. “We centered on these issues we’re capable of management, and we overcame provide chain challenges to report our highest annual income so far.”
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 achieve traction. These development initiatives additionally included supplementing its conventional distributor community with centered OEM channels.
The Industrial Automation Group may 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, notably within the second half of the 12 months.
“We invested final 12 months in constructing world-class experience in welding, palletizing and machine tending,” Kim Povlsen, UR’s president, stated in a launch. “We now have additionally been working with our ecosystem companions to make automation simpler for our clients than ever earlier than. 2022 has been an necessary 12 months for the corporate total. We began development on new headquarters, reached our 1000 worker 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 supplied 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 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 corporate’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 whole gross sales.