Brooks Automation Reports Results For The Fourth Quarter Of Fiscal Year Ended September 30, 2016

CHELMSFORD, Mass., Nov. 10, 2016 (GLOBE NEWSWIRE) -- Brooks Automation, Inc. (Nasdaq:BRKS), a leading worldwide provider of automation and cryogenic solutions for multiple markets, including semiconductor manufacturing and life sciences, today reported financial results for the fourth quarter of the fiscal year ended September 30, 2016.

Fourth Quarter of Fiscal 2016 Financial and Operational Highlights:
  • Revenue was $157.6 million;
  • GAAP Net Income was $10.5 million with diluted EPS of $0.15;
  • Non-GAAP Net Income was $15.3 million with diluted EPS of $0.22;
  • Life Sciences Systems segment revenue was $31.7 million with segment operating profit of $1.1 million, or $1.5 million excluding amortization of intangibles; and
  • Cash flow from operations was $23.4 million.

Full Fiscal Year 2016 Financial and Operational Highlights:
  • Revenue was $560.3 million;
  • GAAP Net Loss was $69.5 million with diluted EPS of ($1.01);
  • Non-GAAP Net Income was $32.6 million with diluted EPS of $0.47;
  • Life Science Systems segment revenue was $108.1 million;
  • Cash flow from operations was $39.5 million; and
  • Total of Cash, Cash Equivalents, and Marketable Securities were $91.2 million as of September 30, 2016.

Summary of GAAP and Non-GAAP Earnings
  Quarter Ended
  September 30,   June 30,   September 30,
Dollars in thousands, except per share data 2016   2016   2015
GAAP net income $ 10,547     $ 8,564     $ 6,563  
GAAP diluted earnings per share $ 0.15     $ 0.12     $ 0.10  
           
Non-GAAP net income $ 15,324     $ 11,128     $ 11,394  
Non-GAAP diluted earnings per share $ 0.22     $ 0.16     $ 0.17  

A reconciliation of non-GAAP measures to the most nearly comparable GAAP measures follows the consolidated statements of operations and statements of cash flows included in this release.

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