NASDAQ$AZTA

Azenta Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record revenue and continued margin expansion in both Life Sciences and Semiconductor Solutions.

Brooks Automation reported record revenue for the second quarter of fiscal year 2021, driven by growth in both Life Sciences and Semiconductor Solutions. The company also announced plans to separate into two independent, publicly traded companies.

  • Revenue for the second quarter was $287 million, up 30% year over year.
  • Diluted EPS from continuing operations was $0.32 per share compared to $0.12 per share in the second quarter of 2020.
  • Life Sciences revenue of $130 million grew 36% year over year.
  • Semiconductor Solutions revenue was $157 million, an increase of 26% year over year.

Headline financials

Total Revenue

$287M

Previous: $220M+30.1%
EPS (adj)

$0.61

Previous: $0.25+144.0%
Operating margin

10.6%

No prior period
Capital Expenditures

-$25.5M

Previous: -$21.2M-20.6%
Free Cash Flow

-$1.78M

Previous: -$12M+85.2%
Net Income

$23.7M

Previous: $9.13M+160.2%
Operating Income

$30.5M

Previous: $14.6M+109.3%
Gross Profit

$127M

Previous: $90.3M+41.0%
Cash & Equivalents

$320M

Previous: $242M+32.1%
Total Assets

$1.66B

Previous: $1.48B+12.5%
Stock-Based Comp

$7.48M

Previous: $4.21M+77.5%

Revenue & EPS history

Azenta · Revenue · Quarterly

$287M

Q2 2021+30.1%vs Q2 2020
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The Company announced revenue and earnings guidance for the third quarter of fiscal 2021. Revenue is expected to be in the range of $300 million to $320 million and non-GAAP diluted earnings per share is expected to be in the range of $0.65 to $0.75. GAAP diluted earnings per share for the third fiscal quarter is expected to be in the range of $0.46 to $0.56.

Tailwinds

  • Revenue is expected to be in the range of $300 million to $320 million
  • Non-GAAP diluted earnings per share is expected to be in the range of $0.65 to $0.75
  • GAAP diluted earnings per share for the third fiscal quarter is expected to be in the range of $0.46 to $0.56
  • Strong demand in both businesses
  • Supporting continued acceleration as we enter the second half of our fiscal year

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.6%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.4%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+22.4%

Q4 2025

Best reaction

-23.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-21.6%-21.0%-6.1%
Q1 2026-23.4%-19.3%-34.2%
Q4 2025+22.4%+20.9%+14.8%
Q2 2025-0.7%+11.3%+13.1%
Q1 2025+3.4%-8.6%-16.0%
Q4 2024-2.9%-9.4%+0.2%
Q3 2024-4.9%-1.1%-15.4%
Q2 2024-4.8%-6.9%-2.1%
Q1 2024-4.0%-1.2%-2.0%
Q4 2023+14.6%+16.1%+27.2%
Q3 2023+21.8%+18.4%+11.0%
Q2 2023-19.8%-11.1%+0.0%
Q1 2023-20.8%-22.2%-29.7%
Q4 2022+15.8%+17.5%+25.8%
Q3 2022-10.3%-8.7%-23.8%
Q2 2022-4.0%+5.6%+8.9%
Q1 2022+5.6%-3.1%-7.0%
Q4 2021-7.6%-7.1%-16.7%
Q3 2021-4.0%-4.0%-3.5%
Q2 2021-7.3%-7.1%-2.9%
Q1 2021-2.8%-0.3%-4.2%
Q4 2020+9.7%+12.8%+19.9%
Q3 2020+17.8%+21.2%+13.2%
Q2 2020-15.4%-12.3%-3.9%
Q1 2020-1.4%+6.7%-15.1%
Q4 2019+7.8%+5.5%-7.7%
Q3 2019-15.7%-17.0%-14.1%
Q2 2019+18.5%+23.4%+15.6%
Q1 2019+0.9%-5.3%-0.4%
Q4 2018-11.6%-10.9%-13.6%
Q3 2018-7.2%-5.8%+22.3%
Q2 2018+8.4%+12.5%+31.4%
Q1 2018-3.4%-9.5%-2.4%
Q4 2017-23.3%-21.2%-28.8%
Q3 2017-8.1%+0.9%+6.6%
Q2 2017+6.0%+9.4%+16.3%
Q1 2017+16.9%+20.6%+20.0%
Q4 2016+7.7%+11.7%+20.1%
Q3 2016-3.3%-5.4%-1.7%
Q2 2016-7.3%
Q1 2016-1.7%
Q4 2015-0.2%
Q3 2015+11.2%
Q2 2015-0.5%
Q1 2015-5.1%
Q4 2014+6.0%
Q3 2014+2.7%
Q2 2014+1.1%
Q1 2014-1.3%
Q4 2013+2.9%
Q3 2013-4.0%
Q2 2013+2.7%
Q1 2013+2.5%
Q4 2012+1.3%
Q3 2012-13.8%
Q2 2012-1.1%
Q1 2011+7.2%
Q1 2012+7.2%
Q4 2009+2.8%
Q2 2011+2.8%
Q4 2011+2.8%
Q4 2010-0.1%
Q3 2010-0.1%
Q3 2011-0.1%
Q2 2010-6.9%

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