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Dec 31, 2020
Azenta Q1 2021 Earnings Report
Brooks Automation's first quarter of fiscal year 2021 resulted in strong revenue growth and margin expansion.
Key Takeaways
Brooks Automation reported a strong Q1 2021 with revenue up 19% year-over-year, driven by growth in both Life Sciences and Semiconductor Solutions. The company's diluted EPS from continuing operations was $0.36 per share, compared to $0.18 per share in the same quarter last year.
Revenue for the first quarter was $250 million, up 19% year over year.
Life Sciences revenue grew 29% year over year to $118 million.
Semiconductor Solutions revenue increased 11% year over year to $131 million.
GAAP operating income was $31 million, compared to $11 million in the first quarter of 2020.
Azenta
Azenta
Forward Guidance
The Company announced revenue and earnings guidance for the second quarter of fiscal 2021. Revenue is expected to be in the range of $267 million to $283 million and non-GAAP diluted earnings per share is expected to be in the range of $0.48 to $0.57. GAAP diluted earnings per share for the second fiscal quarter is expected to be in the range of $0.33 to $0.42