Brooks Automation, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Quarter Ending March 31, 2013 and Provides Tax Rate Guidance for the Fiscal Year 2013; Declares Dividend, Payable on March 29, 2013
January 31, 2013 at 04:30 pm EST
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Brooks Automation, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported GAAP net loss of $9.2 million or $0.14 per diluted share, which includes special charges of $7.5 million before tax, being the restructuring and integration charges after tax of $3.4 million, or $0.05 a share, merger costs of $500,000 after tax, or $0.01 a share and after-tax purchase accounting charges of $1.5 million. Adjusted net loss excluding these charges was $3.8 million or $0.06 per diluted share against net income of $3,607,000 or $0.06 per diluted share a year ago. Adjusted EBITDA declined from $10.2 million in the September quarter to $3.3 million in the December quarter. Cash flow from operations less capital expenditures was $4.5 million. Revenues for the first quarter of fiscal 2013 were $98.0 million, compared to revenues of $119.5 million in the fourth quarter of fiscal 2012 and $120.2 million in the first quarter of fiscal 2012. Cash flow from operations was $5.1 million against $5.1 million a year ago. Operating loss was $13,064,000 against income of $1,463,000 a year ago. Purchases of property, plant and equipment were $641,000 against $2,063,000 a year ago.
For the second quarter ending March 31, 2013, the company provides guidance of revenues for between $102 million and $112 million. The company guide adjusted EBITDA to be between $5 million and $9.5 million. And this will translate to adjusted bottom line performance of between a $0.05 loss per diluted share and break-even. Excluded from these projections are the residual fair value acquisition adjustments and restructuring associated with the actions already announced. Consequently guidance for the GAAP loss per share is between $0.10 and $0.03. Non-GAAP earnings per share are expected to range between breakeven and a loss of $0.05.
The company provided tax rate guidance for the fiscal year 2013. The effective tax in light of the weak opening to the fiscal year is now projected at 28% with a cash tax rate of around 12%.
The company announced that the Board of Directors had declared a dividend of $0.08 per share payable on March 29, 2013 to stockholders of record on March 8, 2013.
Azenta, Inc. is a provider of biological and chemical compound sample exploration and management solutions for the life sciences industry. The Companyâs segments include Sample Management Solutions, Multiomics and B Medical Systems. The Sample Management Solutions segment offers end-to-end sample management products and services, including sample and repository services and core products (automated stores, cryogenic systems, automated sample tube, and consumables and instruments). The Multiomics segment provides genomic and other sample analysis services, including gene sequencing and gene synthesis. B Medical Systems segment is focused on the manufacturing and distribution of temperature-controlled storage and transportation solutions in international markets to governments, health institutions, and non-government organizations. It provides products and services through its brands, including GENEWIZ, FluidX, Ziath, 4titude, Limfinity, Freezer Pro, Barkey, and B Medical Systems.
Brooks Automation, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Quarter Ending March 31, 2013 and Provides Tax Rate Guidance for the Fiscal Year 2013; Declares Dividend, Payable on March 29, 2013