Brooks Automation (BRKS) Reports Preliminary Q2 Results

Brooks Automation, Inc. (Nasdaq: BRKS) today reported preliminary financial results for the second fiscal quarter of 2020, ended March 31, 2020.

Second Quarter FY2020 Preliminary Unaudited Financial Results

• Total revenue of approximately $220 million, up 11% YtY and 5% sequentially
• Semiconductor revenue of approximately $125 million, up 11% YtY and 5% sequentially
• Life Sciences revenue of approximately $95 million, up 11% YtY and 4% sequentially
• GAAP EPS between $0.11 and $0.13 per diluted share
• Non-GAAP EPS between $0.24 and $0.26 per diluted share

(*consensus sees Q2 EPS of $0.23 on revenue of $213.37 million)

The company also reported that all of its facilities remained operational during the COVID-19 crisis with only required personnel on site, and the balance of employees working from home. The Company has implemented CDC social distancing guidelines and other best practices to ensure the health and safety of its employees. In the Life Sciences business, GENEWIZ and Sample Management operations are taking orders for all its offerings while fast tracking those in support of research and development related to the COVID-19 virus. The Semiconductor Solutions business continues to supply critical chip manufacturing equipment and support services globally. Both of the Company's business segments fall within an "Essential Critical Infrastructure Sector" as defined by the U.S. Department of Homeland Security, which have a special responsibility to continue operations during the COVID-19 crisis.

Second Quarter FY2020 Earnings Conference Call and WebcastAdditionally, the Company announced that it plans to announce its fiscal 2020 second quarter earnings results which ended March 31, 2020, on Thursday, April 30, 2020 after the market closes. The Company will host a conference call and live webcast to discuss its financial results on the same day, Thursday, April 30, 2020 at 4:30 p.m. Eastern Time. To participate in the conference call, please dial 800-906-5924 for domestic callers and +1-212-231-2904 for international callers. Analysts and investors can access the live webcast via the Brooks website at www.brooks.investorroom.com/events. A replay will be available beginning at 8:30 a.m. ET on May 1, 2020.

Needham Virtual Healthcare Conference WebcastAs previously announced, Brooks management will be presenting at the 19th Annual Needham Virtual Healthcare Conference on Tuesday, April 14, 2020 at 10:40am. Steve Schwartz, President and CEO, and Lindon Robertson, Executive Vice President and CFO, will present an overview of the company and an update on the current business environment. The presentation will be webcast live in listen-only mode. The live webcast and replay will be available on the Brooks website at www.brooks.investorroom.com.

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