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Dec 31, 2019
Azenta Q1 2020 Earnings Report
Brooks Automation reported its first quarter of fiscal year 2020 with revenue growth and increased EPS.
Key Takeaways
Brooks Automation reported a strong first quarter of fiscal year 2020, with revenue reaching $210 million, a 17% increase year-over-year. Diluted EPS from continuing operations doubled to $0.18, and the company saw growth in both its Semiconductor Solutions and Life Sciences segments. The company is on track for a strong year, with significant contributions from Contamination Control Solutions and improved gross margins in Life Sciences Sample Management.
Revenue reached $210 million, a 17% increase year-over-year.
Diluted EPS from continuing operations doubled to $0.18.
Life Sciences revenue grew 38% year-over-year, driven by the acquisition of GENEWIZ and organic growth.
Semiconductor Solutions revenue grew 5% year-over-year, driven by strong shipments of Contamination Control Solutions and vacuum robots.
Azenta
Azenta
Forward Guidance
The Company announced revenue and earnings guidance for the second quarter of fiscal 2020. Revenue is expected to be in the range of $213 million to $225 million and non-GAAP diluted earnings per share is expected to be in the range of $0.22 to $0.28. GAAP diluted earnings per share for the second fiscal quarter is expected to be in the range of $0.09 to $0.15.