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Sep 30, 2023
Azenta Q4 2023 Earnings Report
Azenta reported a strong Q4 2023, with revenue growth and positive free cash flow.
Key Takeaways
Azenta reported a strong fourth quarter with a 25% year-over-year revenue increase and 2% organic revenue growth. The company generated positive free cash flow for the second consecutive quarter and is committing to an additional $500 million in share repurchases in fiscal year 2024.
Q4 2023 reported revenue growth of 25% year over year and 2% on an organic basis.
Generated positive free cash flow for the second consecutive quarter.
Committing to an additional $500 million in share repurchases in Fiscal 2024.
Fiscal 2024 organic revenue growth expected to be 5-8%.
Azenta
Azenta
Forward Guidance
Azenta expects total revenue to be in the range of $696 to $718 million, reflecting total organic revenue growth in the range of 5% to 8% relative to Fiscal 2023. Adjusted EBITDA margin expansion is expected to be approximately 300 basis points. Non-GAAP diluted earnings per share is expected to be in the range of $0.19 to $0.29.
Positive Outlook
- Total revenue is expected to be in the range of $696 to $718 million.
- Total organic revenue growth in the range of 5% to 8% relative to Fiscal 2023.
- Adjusted EBITDA margin expansion is expected to be approximately 300 basis points.
- Non-GAAP diluted earnings per share is expected to be in the range of $0.19 to $0.29.