Azenta, Inc. · NASDAQ:AZTA
Azenta — Brooks Automation — Q2 FY2008 Earnings Presentation
10 slides from Azenta's earnings presentation, May 9, 2008
Slide 1: Q2 Fiscal 2008 Financial Results Conference Call
Q2 Fiscal 2008 Financial Results Conference Call May 8, 2008 4:30 p.m. ET
Slide 2: Earnings in line with Guidance
Earnings in line with Guidance Q1 FY08 $000's Q1 FY08 DEPS Q2 FY08 $000's Q2 FY08 DEPS YTD FY08 $000's YTD FY08 DEPS Reported Loss from Continuing Operations (1,419) ($0.02) (8,664) ($0.14) (10,083) ($0.15) Add: Restructuring Expense 600 $0.01 2,506 $0.04 3,106 $0.05 Add; Loss on Investment - - 2,93
Slide 3: Operating Profits impacted by mix and cost
Operating Profits impacted by mix and cost $000's Q1 FY08 Q2 FY08 YTD FY08 Comments on Sequential Trends Revenues 147,833 147,647 295,480 $1.5 m declines in Automated Systems revenues Gross profit 38,449 36,439 74,888 Mix and warranty costs Research & development 12,432 11,553 23,985 Cycling to the
Slide 4: Impairment Charge and Lower Interest impact Sequential Results
Impairment Charge and Lower Interest impact Sequential Results $000's Q1 FY08 Q2 FY08 YTD FY08 Comments on Sequential Trends Operating income (3,686) (7,516) (11,202) Interest income, net 3,076 1,496 4,572 Lower rates & impact of lower cash holdings Loss on investment 0 (2,931) ( 2,931) Permanent im
Slide 5: Critical Components Segment
Critical Components Segment $000's Q1 FY08 Q2 FY08 YTD FY08 Comments on Sequential Trends Revenues 34,696 35,136 69,832 Stronger January & February revenues Gross profit Gross margin% 12,843 37.0% 13,286 37.8% 26,129 37.4% Volume fall through and manufacturing effectiveness Operating expenses 8,696
Slide 6: Automated Systems Segment
Automated Systems Segment $000's Q1 FY08 Q2 FY08 YTD FY08 Comments on Sequential Trends Revenues 83,070 81,527 164,597 Lower license revenues Gross profit Gross margin % 19,779 23.8% 16,997 20.8% 36,776 22.3% Revenue Mix, warranty costs and freight costs Operating expenses 24,643 24,091 48,734 Lower
Slide 7: Global Customer Support Segment
Global Customer Support Segment $000's Q1 FY08 Q2 FY08 YTD FY08 Comments on Sequential Trends Revenues 30,067 30,984 61,051 Strong March service revenues Gross profit Gross margin % 5,817 19.3% 6,156 19.9% 11,973 19.6% Volume fall through to gross margin Operating expenses 6,501 5,967 12,468 Cost co
Slide 8: Q2 FY08 Cash Flows
Q2 FY08 Cash Flows Net Income from Continuing Operations ( 8,664) ( 8,664) Depreciation & Amortization 8,525 8,525 Stock based compensation 2,534 2,534 Loss on investment 2,931 2,931 Other non-cash items ( 78) ( 78) Change in assets 6,087 6,087 Cash flow from Continuing Operations Cash flow from Con
Slide 9: Share Repurchase Program
Share Repurchase Program* November 9 - December 31, 2007 2,258,186 $12.93 $29.2m January 1 - March 31, 2008 5,143,683 $11.86 $61.0m Total 7,401,869 $12.19 $90.2m * Brooks announced the Board had authorized a $200m stock repurchase plan on November 9, 2007 Shares Purchased Cash Average Price
Slide 10: 2008 June Quarter Guidance
2008 June Quarter Guidance Revenues could be in the range between $125 million and $140 million Loss from Continuing Operations before special Charges could be in the range of breakeven to ($0.12)