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Mar 31, 2021
Azenta Q2 2021 Earnings Report
Reported record revenue and continued margin expansion in both Life Sciences and Semiconductor Solutions.
Key Takeaways
Brooks Automation reported record revenue for the second quarter of fiscal year 2021, driven by growth in both Life Sciences and Semiconductor Solutions. The company also announced plans to separate into two independent, publicly traded companies.
Revenue for the second quarter was $287 million, up 30% year over year.
Diluted EPS from continuing operations was $0.32 per share compared to $0.12 per share in the second quarter of 2020.
Life Sciences revenue of $130 million grew 36% year over year.
Semiconductor Solutions revenue was $157 million, an increase of 26% year over year.
Azenta
Azenta
Forward Guidance
The Company announced revenue and earnings guidance for the third quarter of fiscal 2021. Revenue is expected to be in the range of $300 million to $320 million and non-GAAP diluted earnings per share is expected to be in the range of $0.65 to $0.75. GAAP diluted earnings per share for the third fiscal quarter is expected to be in the range of $0.46 to $0.56.
Positive Outlook
- Revenue is expected to be in the range of $300 million to $320 million
- Non-GAAP diluted earnings per share is expected to be in the range of $0.65 to $0.75
- GAAP diluted earnings per share for the third fiscal quarter is expected to be in the range of $0.46 to $0.56
- Strong demand in both businesses
- Supporting continued acceleration as we enter the second half of our fiscal year