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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 31, 2024

Azenta, Inc.

(Exact name of registrant as specified in its charter)

Delaware

    

0-25434

    

04-3040660

(State or Other Jurisdiction
of Incorporation)

 

(Commission File
Number)

 

(IRS Employer
Identification No.)

200 Summit Drive, Burlington, MA 01803

(Address of principal executive offices and Zip Code)

(978) 262-2400

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

AZTA

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Item 7.01Regulation FD Disclosure.

As previously announced, effective October 1, 2023, Azenta, Inc. (the “Company”) realigned its organizational structure to three principal business segments to enhance its commercial strategy for accelerating growth and to enable additional profitability initiatives. The Company’s operating and reportable segments effective in the first quarter of fiscal 2024 (which align with how the Company’s Chief Operating Decision Maker manages the business, allocates resources, and assesses performance) consist of the following:

Multiomics. The Multiomics business resources operate under a single business unit that provides genomic and other sample analysis services, including gene sequencing and gene synthesis.
Sample Management Solutions. Sample & Repository Solutions, Ultracold Systems, and Consumables and Instruments resources operate as a single business unit offering end-to-end sample management services and products.
B Medical Systems. B Medical Systems business resources operate as a single business unit focused on the manufacturing and distribution of temperature-controlled storage and transportation solutions in international markets to governments, health institutions, and non-government organizations.

For informational purposes, included in Exhibit 99.1 to this report, and incorporated into this Item 7.01 by reference, is the Company’s historical recast of segment information that reflects the segment changes noted above for fiscal years 2023 and 2022 and the quarters therein.

Limitation on Incorporation by Reference. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit
No.

Description

99.1

Supplemental Information – Historical Recast of Segment Information

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AZENTA, INC.

/s/ Jason W. Joseph

Date: January 31, 2024

Jason W. Joseph

Senior Vice President, General Counsel and Secretary

Exhibit 99.1

Graphic

Notes on Non-GAAP Financial Measures

Non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management adjusts the GAAP results for the impact of amortization of intangible assets, purchase price accounting adjustments, tariff adjustments, restructuring charges, rebranding and transformation costs, contingent consideration adjustments, and merger, acquisition, and costs related to share repurchases to provide investors better perspective on the results of operations which the Company believes is more comparable to the similar analysis provided by its peers. Management also excludes special charges and gains, such as impairment losses, gains and losses from the sale of assets, certain tax benefits and charges, as well as other gains and charges that are not representative of the normal operations of the business. Management strongly encourages investors to review our financial statements and publicly filed reports in their entirety and not rely on any single measure.

Revenue from Continuing Operations – Fiscal 2023

Quarter Ended

Year Ended

Dollars in millions

September 30,

June 30,

March 31,

December 31,

September 30,

Revenue from Continuing Operations

2023

2023

2023

2022

2023

Sample Management Solutions

$

82

$

75

$

71

$

75

$

304

Multiomics

61

64

62

61

248

B Medical Systems

29

27

15

42

113

Azenta Total

$

172

$

166

$

148

$

178

$

665

Revenue from Continuing Operations – Fiscal 2022

Quarter Ended

Year Ended

Dollars in millions

September 30,

June 30,

March 31,

December 31,

September 30,

Revenue from Continuing Operations

2022

2022

2022

2021

2022

Sample Management Solutions

$

75

$

73

$

81

$

76

$

305

Multiomics

63

59

65

64

251

B Medical Systems

Azenta Total

$

138

$

133

$

146

$

140

$

555


Reconciliation of GAAP to Non-GAAP Gross Profit – Fiscal 2023

Sample Management Solutions

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP gross profit

$

38,296

46.8

%

$

34,930

46.4

%

$

27,544

38.8

%

$

32,035

42.5

%

$

132,806

43.7

%

Adjustments:

Amortization of completed technology

867

1.1

744

1.0

933

1.3

429

0.6

2,973

1.0

Purchase accounting impact on inventory

Non-GAAP adjusted gross profit

$

39,163

47.9

%

$

35,674

47.3

%

$

28,477

40.1

%

$

32,465

43.0

%

$

135,779

44.7

%

Multiomics

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP gross profit

$

26,808

43.9

%

$

28,294

44.3

%

$

27,003

43.4

%

$

27,716

45.4

%

$

109,820

44.2

%

Adjustments:

Amortization of completed technology

1,211

2.0

1,220

1.9

1,226

2.0

1,215

2.0

4,874

2.0

Purchase accounting impact on inventory

Non-GAAP adjusted gross profit

$

28,019

45.8

%

$

29,514

46.2

%

$

28,229

45.4

%

$

28,931

47.4

%

$

114,694

46.2

%

B Medical Systems

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP gross profit

$

2,930

10.0

%

$

4,781

17.9

%

$

(1,311)

(8.7)

%

$

14,114

33.7

%

$

20,514

18.1

%

Adjustments:

Amortization of completed technology

2,691

9.1

2,692

10.1

2,742

18.1

2,523

6.0

10,647

9.4

Purchase accounting impact on inventory

927

3.1

2,956

11.0

2,912

19.3

2,868

6.9

9,664

8.5

Non-GAAP adjusted gross profit

$

6,548

22.3

%

$

10,428

39.0

%

$

4,343

28.7

%

$

19,506

46.6

%

$

40,824

36.1

%

Azenta Total

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP gross profit

$

68,034

39.5

%

$

68,005

41.0

%

$

53,236

35.9

%

$

73,865

41.4

%

$

263,140

39.6

%

Adjustments:

Amortization of completed technology

4,769

2.8

4,656

2.8

4,901

3.3

4,168

2.3

18,494

2.8

Purchase accounting impact on inventory

927

0.5

2,956

1.8

2,912

2.0

2,869

1.6

9,664

1.4

Non-GAAP adjusted gross profit

$

73,730

42.8

%

$

75,617

45.6

%

$

61,049

41.1

%

$

80,902

45.4

%

$

291,298

43.8

%


Reconciliation of GAAP to Non-GAAP Gross Profit – Fiscal 2022

Sample Management Solutions

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP gross profit

$

31,606

42.2

%

$

33,709

45.9

%

$

39,702

49.3

%

$

35,929

47.4

%

$

140,947

46.3

%

Adjustments:

Amortization of completed technology

528

0.7

378

0.5

394

0.5

330

0.4

1,631

0.5

Tariff adjustment

Other adjustment

Non-GAAP adjusted gross profit

$

32,134

42.9

%

$

34,088

46.5

%

$

40,097

49.8

%

$

36,259

47.9

%

$

142,578

46.8

%

Multiomics

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP gross profit

$

26,523

42.3

%

$

25,890

43.6

%

$

31,123

47.9

%

$

31,115

48.7

%

$

114,650

45.7

%

Adjustments:

Amortization of completed technology

1,373

2.2

1,433

2.4

1,445

2.2

1,443

2.3

5,693

2.3

Tariff adjustment

2

(486)

(0.7)

(484)

(0.2)

Other adjustment

289

0.5

289

0.1

Non-GAAP adjusted gross profit

$

28,187

45.0

%

$

27,322

46.0

%

$

32,081

49.4

%

$

32,558

51.0

%

$

120,148

47.9

%

B Medical Systems

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP gross profit

$

%

$

%

$

%

$

%

$

%

Adjustments:

Amortization of completed technology

Tariff adjustment

Other adjustment

Non-GAAP adjusted gross profit

$

%

$

%

$

%

$

%

$

%

Azenta Total

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP gross profit

$

58,129

42.3

%

$

59,600

44.9

%

$

70,825

48.7

%

$

67,044

48.0

%

$

255,597

46.0

%

Adjustments:

Amortization of completed technology

1,901

1.4

1,812

1.4

1,840

1.3

1,773

1.3

7,324

1.3

Tariff adjustment

2

0.0

(486)

(0.3)

(484)

(0.1)

Other adjustment

289

0.2

289

0.1

Non-GAAP adjusted gross profit

$

60,321

43.8

%

$

61,412

46.3

%

$

72,179

49.6

%

$

68,817

49.3

%

$

262,726

47.3

%


Reconciliation of GAAP to Non-GAAP Operating (Loss) Profit – Fiscal 2023

Sample Management Solutions

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP operating (loss) profit

$

4,992

$

70

$

(7,221)

$

(3,476)

$

(5,633)

Adjustments:

Amortization of completed technology

 

867

 

744

 

933

 

429

 

2,973

Purchase accounting impact on inventory

 

 

 

 

 

Amortization of other intangibles

51

(1)

212

48

311

Other Adjustment

Non-GAAP adjusted operating profit (loss)

$

5,910

$

813

$

(6,076)

$

(2,998)

$

(2,349)

Multiomics

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP operating (loss) profit

$

(4,502)

$

(4,632)

$

(5,037)

$

(4,481)

$

(18,652)

Adjustments:

Amortization of completed technology

 

1,211

 

1,220

 

1,226

 

1,215

 

4,874

Purchase accounting impact on inventory

 

 

 

 

 

Amortization of other intangibles

Other Adjustment

Non-GAAP adjusted operating profit (loss)

$

(3,291)

$

(3,412)

$

(3,810)

$

(3,265)

$

(13,779)

B Medical Systems

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP operating (loss) profit

$

(7,153)

$

(4,129)

$

(9,021)

$

(454)

$

(20,757)

Adjustments:

Amortization of completed technology

 

2,691

 

2,692

 

2,742

 

2,523

 

10,647

Purchase accounting impact on inventory

 

927

 

2,956

 

2,912

 

2,869

 

9,664

Amortization of other intangibles

1

1,365

1,366

Other Adjustment

(1)

(1)

Non-GAAP adjusted operating profit (loss)

$

(3,537)

$

1,520

$

(3,367)

$

6,303

$

919

Corporate

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP operating (loss) profit

$

(9,964)

$

(7,145)

$

8,302

$

(19,274)

$

(28,083)

Adjustments:

Amortization of other intangibles

7,430

7,522

7,297

5,959

28,207

Restructuring Charges

804

812

1,499

1,462

4,577

Rebranding and transformation costs

(15)

21

10

(65)

(49)

Contingent consideration adjustment

(1,404)

(17,145)

(18,549)

Merger and acquisition costs & costs related to share repurchase

1,767

219

19

11,838

13,842

Other Adjustment

(2)

Non-GAAP adjusted operating profit (loss)

$

22

$

23

$

(18)

$

(80)

$

(55)

Azenta Total

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2023

2023

2023

2022

2023

GAAP operating (loss) profit

$

(16,628)

$

(15,836)

$

(12,977)

$

(27,684)

$

(73,126)

Adjustments:

Amortization of completed technology

 

4,769

 

4,656

 

4,901

 

4,168

 

18,494

Purchase accounting impact on inventory

 

927

 

2,956

 

2,912

 

2,869

 

9,664

Amortization of other intangibles

7,481

7,522

7,509

7,372

29,884

Restructuring Charges

804

812

1,499

1,462

4,577

Rebranding and transformation costs

(15)

21

10

(65)

(49)

Contingent consideration adjustment

(1,404)

(17,145)

(18,549)

Merger and acquisition costs & costs related to share repurchase

1,767

219

19

11,838

13,842

Other Adjustment

(1)

(2)

(1)

Non-GAAP adjusted operating profit (loss)

$

(896)

$

(1,056)

$

(13,272)

$

(40)

$

(15,264)


Reconciliation of GAAP to Non-GAAP Operating (Loss) Profit – Fiscal 2022

Sample Management Solutions

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP operating (loss) profit

$

2,513

$

5,402

$

7,805

$

6,613

$

22,335

Adjustments:

Amortization of completed technology

 

528

 

379

 

395

 

330

 

1,631

Tariff adjustment

Amortization of other intangibles

5

5

Other Adjustment

(1)

Non-GAAP adjusted operating profit (loss)

$

3,041

$

5,781

$

8,205

$

6,943

$

23,970

Multiomics

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP operating (loss) profit

$

(2,642)

$

(2,749)

$

985

$

3,888

$

(518)

Adjustments:

Amortization of completed technology

 

1,373

 

1,434

 

1,445

 

1,443

 

5,693

Tariff adjustment

2

(486)

(484)

Amortization of other intangibles

339

(5)

340

Other Adjustment

(1)

Non-GAAP adjusted operating profit (loss)

$

(930)

$

(1,315)

$

1,939

$

5,331

$

5,032

B Medical Systems

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP operating (loss) profit

$

$

$

$

$

Adjustments:

Amortization of completed technology

 

 

 

 

 

Tariff adjustment

Amortization of other intangibles

Other Adjustment

Non-GAAP adjusted operating profit (loss)

$

$

$

$

$

Corporate

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP operating (loss) profit

$

(14,490)

$

(7,726)

$

(13,499)

$

(10,826)

$

(46,552)

Adjustments:

Amortization of other intangibles

6,561

5,745

6,047

6,272

24,620

Restructuring Charges

393

25

122

173

712

Rebranding and transformation costs

536

289

1,297

619

2,741

Contingent consideration adjustment

600

600

Merger and acquisition costs & costs related to share repurchase

6,959

1,662

4,989

3,719

17,329

Other Adjustment

Non-GAAP adjusted operating profit (loss)

$

(41)

$

(5)

$

(444)

$

(43)

$

(550)

Azenta Total

Quarter Ended

Year Ended

September 30,

June 30,

March 31,

December 31,

September 30,

Dollars in thousands

2022

2022

2022

2021

2022

GAAP operating (loss) profit

$

(14,619)

$

(5,073)

$

(4,708)

$

(325)

$

(24,735)

Adjustments:

Amortization of completed technology

 

1,901

 

1,813

 

1,840

 

1,773

 

7,324

Amortization of other intangibles

6,900

5,745

6,047

6,272

24,965

Tariff adjustment

2

(486)

(484)

Restructuring Charges

393

25

122

173

712

Rebranding and transformation costs

536

289

1,297

619

2,741

Contingent consideration adjustment

600

600

Merger and acquisition costs & costs related to share repurchase

6,959

1,662

4,989

3,719

17,329

Other Adjustment

(2)

Non-GAAP adjusted operating profit (loss)

$

2,070

$

4,461

$

9,701

$

12,231

$

28,452


Organic Revenue – Fiscal 2023

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

Dollars in millions

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

Revenue

$

82

$

75

9

%

$

61

$

63

(2)

%

$

29

$

%

$

172

$

138

25

%

Acquisitions/divestitures

 

1

 

(1)

%

 

 

%

 

29

 

%

 

30

 

(22)

%

Currency exchange rates

 

2

 

(3)

%

 

(0)

 

0

%

 

 

%

 

2

 

(1)

%

Organic revenue

$

79

$

75

5

%

$

61

$

63

(2)

%

$

$

%

$

140

$

138

2

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

June 30,

June 30,

June 30,

June 30,

June 30,

June 30,

June 30,

June 30,

Dollars in millions

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

Revenue

$

75

$

73

3

%

$

64

$

59

8

%

$

27

$

%

$

166

$

133

25

%

Acquisitions/divestitures

 

5

 

(7)

%

 

 

%

 

27

 

%

 

32

 

(24)

%

Currency exchange rates

 

(0)

 

0

%

 

(1)

 

1

%

 

 

%

 

(1)

 

0

%

Organic revenue

$

70

$

73

(4)

%

$

64

$

59

8

%

$

$

%

$

135

$

133

2

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

March 31,

March 31,

March 31,

March 31,

March 31,

March 31,

March 31,

March 31,

Dollars in millions

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

Revenue

$

71

$

81

(12)

%

$

62

$

65

(4)

%

$

15

$

%

$

148

$

146

2

%

Acquisitions/divestitures

 

4

 

(5)

%

 

 

%

 

15

 

%

 

19

 

(13)

%

Currency exchange rates

 

(2)

 

3

%

 

(2)

 

3

%

 

 

%

 

(4)

 

3

%

Organic revenue

$

70

$

81

(14)

%

$

64

$

65

(1)

%

$

$

%

$

134

$

146

(8)

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

Dollars in millions

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

Revenue

$

75

$

76

(0)

%

$

61

$

64

(4)

%

$

42

$

%

$

178

$

140

28

%

Acquisitions/divestitures

 

4

 

(5)

%

 

 

%

 

42

 

%

 

46

 

(33)

%

Currency exchange rates

 

(3)

 

4

%

 

(3)

 

5

%

 

 

%

 

(6)

 

4

%

Organic revenue

$

75

$

76

(1)

%

$

64

$

64

0

%

$

$

%

$

139

$

140

(1)

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Year Ended

Year Ended

Year Ended

Year Ended

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

Dollars in millions

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

  

2023

2022

Change

Revenue

$

304

$

305

(0)

%

$

248

$

251

(1)

%

$

113

$

%

$

665

$

555

20

%

Acquisitions/divestitures

 

14

 

(4)

%

 

 

%

 

113

 

%

 

127

 

(23)

%

Currency exchange rates

 

(4)

 

1

%

 

(6)

 

2

%

 

 

%

 

(9)

 

2

%

Organic revenue

$

294

$

305

(4)

%

$

254

$

251

1

%

$

$

%

$

547

$

555

(1)

%


Organic Revenue – Fiscal 2022

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

Dollars in millions

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

Revenue

$

75

$

78

(3)

%

$

63

$

59

6

%

$

$

%

$

138

$

137

0

%

Acquisitions/divestitures

 

4

 

(5)

%

 

 

%

 

 

%

 

4

 

(3)

%

Currency exchange rates

 

(4)

 

5

%

 

(2)

 

4

%

 

 

%

 

(6)

 

4

%

Organic revenue

$

75

$

78

(4)

%

$

65

$

59

9

%

$

$

%

$

139

$

137

2

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

June 30,

June 30,

June 30,

June 30,

June 30,

June 30,

June 30,

June 30,

Dollars in millions

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

Revenue

$

73

$

70

4

%

$

59

$

59

1

%

$

$

%

$

133

$

129

3

%

Acquisitions/divestitures

 

 

%

 

 

%

 

 

%

 

 

%

Currency exchange rates

 

(2)

 

4

%

 

(1)

 

2

%

 

 

%

 

(4)

 

3

%

Organic revenue

$

76

$

70

8

%

$

61

$

59

3

%

$

$

%

$

137

$

129

6

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

March 31,

March 31,

March 31,

March 31,

March 31,

March 31,

March 31,

March 31,

Dollars in millions

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

Revenue

$

81

$

73

11

%

$

65

$

57

15

%

$

$

%

$

146

$

130

12

%

Acquisitions/divestitures

 

2

 

(2)

%

 

 

%

 

 

%

 

2

 

(1)

%

Currency exchange rates

 

(1)

 

1

%

 

(1)

 

1

%

 

 

%

 

(2)

 

1

%

Organic revenue

$

80

$

73

10

%

$

66

$

57

16

%

$

$

%

$

145

$

130

12

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

Dollars in millions

2021

2020

Change

  

2021

2020

Change

  

2021

2020

Change

  

2021

2020

Change

Revenue

$

76

$

68

12

%

$

64

$

50

27

%

$

$

%

$

140

$

118

18

%

Acquisitions/divestitures

 

2

 

(3)

%

 

 

%

 

 

%

 

2

 

(2)

%

Currency exchange rates

 

0

 

(1)

%

 

0

 

(0)

%

 

 

%

 

0

 

(0)

%

Organic revenue

$

73

$

68

8

%

$

64

$

50

27

%

$

$

%

$

137

$

118

16

%

Sample Management Solutions

Multiomics

B Medical Systems

Azenta Total

Year Ended

Year Ended

Year Ended

Year Ended

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

September 30,

Dollars in millions

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

  

2022

2021

Change

Revenue

$

305

$

289

6

%

$

251

$

225

11

%

$

$

%

$

555

$

514

8

%

Acquisitions/divestitures

 

8

 

(3)

%

 

 

%

 

 

%

 

8

 

(2)

%

Currency exchange rates

 

(7)

 

2

%

 

(4)

 

2

%

 

 

%

 

(11)

 

2

%

Organic revenue

$

303

$

289

5

%

$

255

$

225

13

%

$

$

%

$

558

$

514

9

%


v3.24.0.1
Document and Entity Information
Jan. 31, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 31, 2024
Entity Registrant Name Azenta, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 0-25434
Entity Tax Identification Number 04-3040660
Entity Address, Address Line One 200 Summit Drive
Entity Address, City or Town Burlington
Entity Address State Or Province MA
Entity Address, Postal Zip Code 01803
City Area Code 978
Local Phone Number 262-2400
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 par value
Trading Symbol AZTA
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0000933974
Amendment Flag false

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