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Brooks Automation Reports Results of Fourth Quarter of Fiscal 2021, Ended September 30, 2021, and Announces Quarterly Cash Dividend
Strong Double-Digit Growth Quarter Underscores Robust Demand Environment in Life Sciences CHELMSFORD, Mass., Nov. 10, 2021 /PRNewswire/ -- Brooks Automation,
About this update from Azenta, Inc.
[{"type":"text","content":"Strong Double-Digit Growth Quarter Underscores Robust Demand Environment in Life Sciences\n\n\nCHELMSFORD, Mass., Nov. 10, 2021 /PRNewswire/ -- Brooks Automation, Inc. (Nasdaq: BRKS) today reported financial results for the fiscal quarter ended September 30, 2021.\nSummary of GAAP ResultsResults of continuing operations reflect the Life Sciences business. Due to the announced divestiture in the fourth fiscal quarter of 2021, results of the Semiconductor Automation business are treated as discontinued operations and reflected in total diluted EPS.\nQuarter Ended\nYear Ended \nDollars in millions, except per share data\nSeptember 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \n2021\n2020\nChange\n2021\n2020\nChange\nRevenue - Continuing Operations\n$\n137\n$\n108\n27\n%\n$\n514\n$\n389\n32\n%\nDiluted EPS - Continuing Operations\n$\n(0.30)\n$\n(0.01)\nNM\n$\n(0.39)\n$\n(0.36)\n9\n%\nTotal Diluted EPS \n$\n0.29\n$\n0.39\n(25)\n%\n$\n1.49\n$\n0.88\n69\n%\nSummary of Non-GAAP ResultsThe aggregate view of revenue and EPS is shown on a non-GAAP basis for investors to compare results to the performance reports provided in previous periods and to the Company's most recent guidance. \nQuarter Ended\nYear Ended \nDollars in millions, except per share data\nSeptember 30, \nSeptember 30, \nSeptember 30, \nSeptember 30, \n2021\n2020\nChange\n2021\n2020\nChange\nRevenue - Continuing Operations\n$\n137\n$\n108\n27\n%\n$\n514\n$\n389\n32\n%\nRevenue - Discontinued Operations\n$\n205\n$\n138\n49\n%\n$\n680\n$\n509\n34\n%\nAggregate view of Revenue\n$\n342\n$\n246\n39\n%\n$\n1,194\n$\n897\n33\n%\nNon-GAAP Diluted EPS - Continuing Operations\n$\n0.12\n$\n0.09\n32\n%\n$\n0.48\n$\n0.02\nNM\n%\nNon-GAAP Total Diluted EPS \n$\n0.78\n$\n0.47\n67\n%\n$\n2.58\n$\n1.26\n105\n%\nOn September 20, 2021 the Company announced that it had entered into a definitive agreement to sell its Semiconductor Automation business. In accordance with GAAP, sales and expenses directly related to that business must be removed from their applicable income statement caption for continuing operations and reported for all periods presented as net income from discontinued operations in the GAAP financial statements. For this transition quarter, we present the non-GAAP summary above to provide a view of the entire business including the Semiconductor Automation business for d...