Azenta delivered a strong performance in an evolving and uncertain macroeconomic environment, with revenue up 5% year over year and adjusted EBITDA up 75% year over year, demonstrating the resilience of its portfolio.
Revenue from continuing operations increased by 5% year over year to $143 million.
Diluted EPS from continuing operations was ($0.40), while Non-GAAP diluted EPS from continuing operations was $0.05.
Adjusted EBITDA for continuing operations grew by 75% year over year to $14 million, with a margin of 10.0%.
The company ended the quarter with a total balance of cash, cash equivalents, restricted cash, and marketable securities of $540 million.
The Company is reiterating its revenue guidance for fiscal year 2025, expecting total organic revenue to grow in the range of 3% to 5% relative to fiscal 2024, and Adjusted EBITDA margin expansion of approximately 300 basis points relative to fiscal 2024.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance