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Brooks Automation, Inc. (BRKS) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Brooks Automation Inc

CIK: 933974 Ticker: BRKS

Exhibit 99.1

Graphic

Brooks Automation Reports Results of its Third Quarter of Fiscal 2020, Ended June 30, 2020, and Announces Quarterly Cash Dividend

Continued Revenue Growth and Earnings Expansion on Solid Execution Across Both Segments

CHELMSFORD, Mass., July 30, 2020 (PR Newswire) -- Brooks Automation, Inc. (Nasdaq: BRKS) today reported financial results for the third fiscal quarter, ended June 30, 2020.

Financial Results Summary

Quarter Ended

Dollars in millions, except per share data

June 30, 

March 31, 

June 30, 

Change vs.

2020

2020

2019

Prior Qtr

Prior Year

Revenue

    

$

220

    

$

220

    

$

204

0

%

8

%

Semiconductor Solutions

$

127

$

125

$

116

2

%

9

%

Life Sciences

$

93

$

95

$

88

(2)

%

6

%

Diluted EPS Continuing Operations

$

0.19

$

0.12

$

0.01

49

%

N/M

Diluted EPS Total

$

0.19

$

0.12

$

0.10

50

%

85

%

Non-GAAP Diluted EPS Continuing Operations

$

0.32

$

0.25

$

0.20

26

%

60

%

Management Comments

“Despite the current environment’s headwinds, we delivered a strong performance in the quarter,” commented Steve Schwartz, president and CEO. “Our Life Sciences business witnessed robust demand for its sample management offerings and gene synthesis services. Due to many customer lab closures around the world, our gene sequencing business had a slow start to the quarter but has steadily increased and is now approaching pre-COVID levels. We continue to see a ramp in Semiconductor with increased demand for both automation systems and robots. The real story here is about the relentless team of Brooks employees working through the most difficult of environments without missing a beat!”

Summary of GAAP Results for Continuing Operations

Revenue for the third fiscal quarter was $220 million, up 8% year over year. Diluted EPS from continuing operations was $0.19 per share compared to $0.01 per share in the third quarter of 2019.
Life Sciences revenue of $93 million grew 6% year over year and was down 2% sequentially. Year-over-year organic growth was 5%, led by consumables, instruments, and storage services. GENEWIZ revenue declined 9% sequentially but remained 1% above the third quarter 2019 revenue.
Semiconductor Solutions revenue was $127 million, an increase of 9% year over year and 2% sequentially.
GAAP operating income was $19 million, compared to $16 million in the third quarter of 2019. GAAP operating margin at 8.7% was 60 basis points higher year over year and 210 basis points higher sequentially.



The following information was filed by Brooks Automation Inc (BRKS) on Friday, July 31, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Brooks Automation Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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Inside Brooks Automation Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Operations
Acquisitions
Acquisitions (Tables)
Acquisitions - Amounts Of Assets And Liabilities At Fair Value As Of Acquisition Date (Details)
Acquisitions - Escrow (Details)
Acquisitions - Goodwill (Details)
Acquisitions - Intangible Assets Acquired (Details)
Acquisitions - Pro Forma Information - Additional Information (Details)
Acquisitions - Pro Forma Information - Tabular Disclosure - Pro Forma (Details)
Acquisitions - Purchase Consideration (Details)
Acquisitions - Results Of Operations (Details)
Basis Of Presentation
Basis Of Presentation (Details)
Commitments And Contingencies
Commitments And Contingencies - Letters Of Credit (Details)
Commitments And Contingencies - Purchase Commitments (Details)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - General Information (Details)
Debt - Long-Term Debt - Current And Non-Current (Details)
Debt - Long-Term Debt - Future Minimum Principal Payment Obligations (Details)
Debt - Term Loans (Details)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Financial Results (Details)
Discontinued Operations - General Information (Details)
Discontinued Operations - Non-Cash Items And Capital Expenditures (Details)
Discontinued Operations - Unconsolidated Subsidiaries - Statements Of Operations (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Anti-Dilutive Securities (Details)
Earnings Per Share - Tabular Disclosure (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Amortization Expense (Details)
Goodwill And Intangible Assets - Components Of Goodwill By Operating Segment (Details)
Goodwill And Intangible Assets - Components Of Identifiable Intangible Assets (Details)
Goodwill And Intangible Assets - Estimated Future Amortization Expense Of Intangible Assets (Details)
Goodwill And Intangible Assets - Goodwill Acquired (Details)
Goodwill And Intangible Assets - Goodwill Impairment Test (Details)
Goodwill And Intangible Assets - Goodwill Roll Forward (Details)
Goodwill And Intangible Assets - Reporting Units (Details)
Income Taxes
Income Taxes - Additional Information (Details)
Income Taxes - Provision (Benefit) (Details)
Income Taxes - Unrecognized Tax Benefits - General Information (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Assets And Liabilities - Finance Leases (Details)
Leases - Assets And Liabilities - Operating Leases (Details)
Leases - Future Lease Payments - Capital Leases - Asc 840 (Details)
Leases - Future Lease Payments - Finance Leases - Asc 842 (Details)
Leases - Future Lease Payments - Operating Leases - Asc 840 (Details)
Leases - Future Lease Payments - Operating Leases - Asc 842 (Details)
Leases - Future Lease Payments Not Commenced (Details)
Leases - Gross Difference - Finance Leases - Asc 842 (Details)
Leases - Gross Difference - Operating Leases - Asc 842 (Details)
Leases - Operating Lease Expense (Details)
Leases - Supplemental Cash Flow Information (Details)
Line Of Credit
Line Of Credit (Details)
Marketable Securities
Marketable Securities (Tables)
Marketable Securities - Cash Equivalents (Details)
Marketable Securities - Fair Value Of Marketable Securities By Contractual Maturity (Details)
Marketable Securities - General Information (Details)
Marketable Securities - Summary Of Amortized Cost And Fair Value (Details)
Marketable Securities - Unrealized Loss Position (Details)
Other Balance Sheet Information
Other Balance Sheet Information (Tables)
Other Balance Sheet Information - Capitalized Direct Costs (Details)
Other Balance Sheet Information - Product Warranty And Retrofit Activity On Gross Basis (Details)
Other Balance Sheet Information - Summary Of Account Receivable (Details)
Other Balance Sheet Information - Summary Of Inventories (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Contract Balances (Details)
Revenue From Contracts With Customers - Costs To Obtain And Fulfill A Contract (Details)
Revenue From Contracts With Customers - Disaggregated By Geographic Location (Details)
Revenue From Contracts With Customers - Disaggregated By Reporting Unit (Details)
Revenue From Contracts With Customers - Disaggregated By Timing (Details)
Revenue From Contracts With Customers - Remaining Performance Obligations (Details)
Revenue From Contracts With Customers - Segment Information (Details)
Segment Information
Segment Information (Tables)
Segment Information - Financial Information For Business Segments - Assets (Details)
Segment Information - General Information (Details)
Segment Information - Reconciliation Of Reportable Segment Assets To Corresponding Consolidated Amounts (Details)
Segment Information - Reconciliation Of Reportable Segment Operating Income (Loss) To Corresponding Consolidated Amounts (Details)
Significant Customers
Significant Customers (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Employee Stock Purchase Plan (Details)
Stock-Based Compensation - Performance-Based Grants (Details)
Stock-Based Compensation - Restricted Stock Unit Activity - Additional Information (Details)
Stock-Based Compensation - Restricted Stock Unit Activity - Tabular Disclosure (Details)
Stock-Based Compensation - Restricted Stock Unit Activity - Unrecognized Compensation Cost (Details)
Stock-Based Compensation - Restricted Stock Units Granted - Tabular Disclosure (Details)
Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Stock-Based Compensation - Time-Based Grants (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Asc 842 (Details)
Summary Of Significant Accounting Policies - Derivative Instruments (Details)
Summary Of Significant Accounting Policies - Fair Value Measurements (Details)
Summary Of Significant Accounting Policies - Foreign Currency Translation (Details)
Summary Of Significant Accounting Policies - Recently Issued And Adopted Accounting Pronouncements (Details)

Material Contracts, Statements, Certifications & more

Brooks Automation Inc provided additional information to their SEC Filing as exhibits

Ticker: BRKS
CIK: 933974
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-20-008910
Submitted to the SEC: Fri Jul 31 2020 5:06:57 PM EST
Accepted by the SEC: Fri Jul 31 2020
Period: Tuesday, June 30, 2020
Industry: Special Industry Machinery

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