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Jun 30, 2020
Azenta Q3 2020 Earnings Report
Brooks Automation reported strong third quarter results, driven by solid execution across both segments.
Key Takeaways
Brooks Automation reported revenue of $220 million, up 8% year-over-year, and diluted EPS of $0.19 per share, compared to $0.01 per share in the third quarter of 2019. The company's Life Sciences business witnessed robust demand, and Semiconductor saw increased demand for automation systems and robots.
Revenue for the third fiscal quarter was $220 million, up 8% year over year.
Diluted EPS from continuing operations was $0.19 per share compared to $0.01 per share in the third quarter of 2019.
Life Sciences revenue of $93 million grew 6% year over year.
Semiconductor Solutions revenue was $127 million, an increase of 9% year over year.
Azenta
Azenta
Forward Guidance
The Company announced revenue and earnings guidance for the fourth quarter of fiscal 2020. Revenue is expected to be in the range of $229 million to $241 million and non-GAAP diluted earnings per share is expected to be in the range of $0.32 to $0.40. GAAP diluted earnings per share for the fourth fiscal quarter is expected to be in the range of $0.19 to $0.27.