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Sep 30, 2020
Azenta Q4 2020 Earnings Report
Brooks Automation reported Q4 2020 earnings with significant earnings growth driven by operating margin expansion and double-digit revenue growth in both Life Sciences and Semiconductor Solutions.
Key Takeaways
Brooks Automation reported a strong fourth quarter with revenue up 24% year-over-year, driven by growth in both Semiconductor Solutions and Life Sciences businesses. Diluted EPS from continuing operations was $0.39 per share, compared to $0.07 per share in the fourth quarter of 2019. The company's operating margin also expanded, contributing to the earnings growth.
Revenue for the fourth fiscal quarter was $246 million, up 24% year over year.
Diluted EPS from continuing operations was $0.39 per share compared to $0.07 per share in the fourth quarter of 2019.
Life Sciences revenue of $108 million grew 15% year over year and 16% sequentially.
Semiconductor Solutions revenue was $138 million, an increase of 31% year over year and 9% sequentially.
Azenta
Azenta
Forward Guidance
The Company announced revenue and earnings guidance for the first quarter of fiscal 2021. Revenue is expected to be in the range of $237 million to $251 million and non-GAAP diluted earnings per share is expected to be in the range of $0.37 to $0.47. GAAP diluted earnings per share for the first fiscal quarter is expected to be in the range of $0.27 to $0.37.
Positive Outlook
- Revenue is expected to be in the range of $237 million to $251 million
- Non-GAAP diluted earnings per share is expected to be in the range of $0.37 to $0.47
- GAAP diluted earnings per share for the first fiscal quarter is expected to be in the range of $0.27 to $0.37