CHELMSFORD, Mass., Aug. 6, 2018 /PRNewswire/ -- 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 third quarter of 2018, ended June
30, 2018.
Highlights of Fiscal Third Quarter of 2018
- Revenue was $223 million, 8%
higher compared to 2018 Q2 and 23% higher compared to 2017 Q3;
- GAAP Net Income was $23 million
with diluted EPS of $0.32;
- Non-GAAP Net Income was $32
million;
- Non-GAAP diluted EPS of $0.46 was
14% higher compared to 2018 Q2.
Summary of GAAP and Non-GAAP Earnings
|
|
|
|
|
|
|
|
|
|
Quarter Ended
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
Dollars in
thousands, except per share data
|
2018
|
|
2018
|
|
2017
|
GAAP net income
attributable to Brooks Automation, Inc.
|
$
|
22,717
|
|
$
|
67,020
|
|
$
|
17,350
|
GAAP diluted earnings
per share
|
$
|
0.32
|
|
$
|
0.95
|
|
$
|
0.25
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income
attributable to Brooks Automation, Inc.
|
$
|
32,358
|
|
$
|
28,267
|
|
$
|
25,353
|
Non-GAAP diluted
earnings per share
|
$
|
0.46
|
|
$
|
0.40
|
|
$
|
0.36
|
|
|
|
|
|
|
|
|
|
|
A reconciliation of non-GAAP measures to the most nearly
comparable GAAP measures follows the consolidated balance sheets,
statements of operations and statements of cash flows included in
this release.
Management Comments
"The results in the third quarter
of our 2018 fiscal year continue to highlight the capability of two
strong business segments well-positioned in two strong markets,"
commented Steve Schwartz, CEO of
Brooks Automation. "Revenue growth of 23% year over year was
driven by both segments with 20% growth in our Semiconductor
business unit, and 35% growth in Life Sciences. The
acquisitions in this quarter of Tec-Sem, which added to our
Semiconductor reticle stocker offerings, and BioSpeciMan,
which added reach and customer relationships in Canada to our Life Science's biostorage
offerings, will further enhance our growth capability going
forward."
GAAP Summary
Revenue for the third quarter of fiscal
2018 increased 8% to $223 million
compared to the second quarter of fiscal 2018. Gross profits
increased 6% from the second quarter of fiscal 2018, providing
gross margins of 39.9%, 70 bps below the second quarter.
Operating expense of $62 million
increased 3%, or $2 million,
primarily driven by the two acquisitions that closed in April
2018. Income tax expense totaled $3
million. GAAP net income in the quarter was
$23 million and diluted earnings per
share was $0.32.
The amortization of intangible assets, restructuring charges,
impact of purchase price accounting adjustments, charges related to
M&A and special charges are appropriately included in the GAAP
summary of earnings discussed above. The impact on earnings of
such non-GAAP adjustments is referenced in the unaudited table
included within this press release.
In the following analysis of the non-GAAP results, Brooks
adjusted the GAAP results for the impact of amortization of
intangible assets, restructuring charges, purchase price accounting
adjustments and charges related to M&A 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. Brooks also excludes special charges or gains, such as
impairment losses, gains or losses from the sale of assets, as well
as other gains and charges that are assessed to not be
representative of the normal operations of the business.
Results of Q3 Fiscal 2018 (Non-GAAP Discussion)
Third
quarter non-GAAP net income was $32
million, resulting in non-GAAP earnings per share of
$0.46. This compares to non-GAAP net
income of $28 million and non-GAAP
earnings per share of $0.40 in the
second quarter of fiscal 2018, and non-GAAP net income of
$25 million and non-GAAP earnings per
share of $0.36 in the third quarter
of fiscal 2017. Compared sequentially to the second quarter,
the Company reported 80 basis points expansion at the non-GAAP
operating profit margin line and the non-GAAP net income margin
line in the third quarter. The primary driver of the margin
expansion was 8% revenue growth with only 3% growth of non-GAAP
operating expense.
As noted above, revenue for the third fiscal quarter of 2018 was
$223 million, up 8% compared to the
second fiscal quarter of 2018. The Semiconductor Solutions segment
revenue was higher in the third quarter compared to the second
quarter by $15 million, or 9%, at
$174 million. The Life Sciences
segment revenue grew $1 million, or
2%, sequentially to $50
million. The Life Sciences segment revenue increased
35% year-over-year in total and 13% on an organic
basis.
Adjusted gross margin, which excludes amortization and purchase
accounting impacts, was 40.9% in the third quarter, slightly below
the prior quarter by 20 basis points. The Semiconductor
Solutions segment non-GAAP adjusted gross margin was 41.7% in the
third quarter, which was 20 basis points higher than last quarter's
results reflecting improved margins in vacuum automation. The
Life Sciences segment non-GAAP adjusted gross margin was 38.1% in
the third quarter, 170 basis points lower than the second quarter,
primarily driven by higher costs in store systems. In
summary, the total Brooks non-GAAP adjusted gross profit increased
by 7% or $6 million compared to the
second quarter, driven primarily by the revenue growth and improved
gross margins in Semiconductor Solutions.
The Company's non-GAAP tax rate in the quarter was 10%,
approximately flat to the second quarter tax rate. The
non-GAAP tax provision in the third quarter was $3 million, which increased $0.2 million compared to the second
quarter.
Cash flow from operations was $19
million in the third quarter. The company made
payments of $18 million for
acquisitions and paid $7 million in
dividends. The total of cash, cash equivalents, and
marketable securities reported was $232
million as of June 30,
2018.
Quarterly Cash Dividend
The Company additionally
announced that the Board of Directors has reiterated a dividend of
$0.10 per share payable on
September 28, 2018 to stockholders of
record on September 7, 2018. Future
dividend declarations, as well as the record and payment dates for
such dividends, are subject to the final determination of the
Company's Board of Directors.
Guidance for Fiscal Fourth Quarter 2018
The Company
announced revenue and earnings guidance for the fourth quarter of
fiscal 2018. Revenue is expected to be in the range of
$203 million to $213 million and non-GAAP diluted earnings per
share is expected to be in the range of $0.35 to $0.43. GAAP diluted earnings per share for
the fourth quarter is expected to be in the range of $0.21 to $0.28,
reflecting the impact of amortization, purchase price accounting,
and anticipated restructuring charges.
Conference Call
Brooks management will webcast its
third quarter earnings conference call today at 5:00 p.m. Eastern Time. During the call, Company
management will respond to questions concerning, but not limited
to, the Company's financial performance, business conditions and
industry outlook. Management's responses could contain information
that has not been previously disclosed.
The call will be broadcast live over the Internet and, together
with presentation materials referenced on the call, will be hosted
at the Investor Relations section of Brooks' website at
www.brooks.com, and will be archived online on this website for
convenient on-demand replay. In addition, you may call
877-256-3282 (US & Canada
only) or +1-212-271-4657 (international) to listen to the live
webcast.
About Brooks Automation, Inc.
Brooks is a leading
worldwide provider of automation and cryogenic solutions for
multiple markets including semiconductor manufacturing and life
sciences. Brooks' technologies, engineering competencies and
global service capabilities provide customers speed to market and
ensure high uptime and rapid response, which equate to superior
value in their mission-critical controlled environments. Since
1978, Brooks has been a leading partner to the global semiconductor
manufacturing market as a provider of precision automation and
cryogenic vacuum solutions. Since 2011, Brooks has applied
its automation and cryogenics expertise to meet the sample storage
needs of customers in the life sciences industry. Brooks'
life sciences offerings include a broad range of products and
services for on-site infrastructure for sample management in ‑20°C
to -190°C temperatures, as well as comprehensive outsource service
solutions across the complete life cycle of biological samples
including collection, transportation, processing, storage,
protection, retrieval and disposal. Brooks is headquartered
in Chelmsford, MA, with operations
in North America, Europe and Asia. For more information, visit
www.brooks.com.
"Safe Harbor Statement" under Section 21E of the Securities
Exchange Act of 1934
Some statements in this release are
forward-looking statements made under Section 21E of the Securities
Exchange Act of 1934. These statements are neither promises nor
guarantees but involve risks and uncertainties, both known and
unknown, that could cause Brooks' financial and business results to
differ materially from our expectations. They are based on the
facts known to management at the time they are made. These
forward-looking statements include, but are not limited to
statements about our revenue and earnings expectations, our ability
to increase our profitability, our ability to improve or retain our
market position, and our ability to deliver financial success in
the future. Factors that could cause results to differ from our
expectations include the following: the volatility of the
industries the Company serves, particularly the semiconductor
industry; our possible inability to meet demand for our products
due to difficulties in obtaining components and materials from our
suppliers in required quantities and of required quality; the
inability of customers to make payments to us when due; the timing
and effectiveness of cost reduction and cost control measures;
price competition; disputes concerning intellectual property;
uncertainties in global political and economic conditions, and
other factors and other risks, including those that we have
described in our filings with the Securities and Exchange
Commission, including but not limited to our Annual Report on Form
10-K, current reports on Form 8-K and our quarterly reports on Form
10-Q. As a result we can provide no assurance that our future
results will not be materially different from those projected.
Brooks expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any such statement to reflect
any change in our expectations or any change in events, conditions
or circumstances on which any such statement is based. Brooks
undertakes no obligation to update the information contained in
this press release.
CONTACTS:
Sherry Dinsmore
Brooks Automation
978.262.2400
sherry.dinsmore@brooks.com
John Mills
Partner
ICR, LLC
646.277.1254
john.mills@icrinc.com
BROOKS AUTOMATION,
INC.
CONSOLIDATED
STATEMENTS OF OPERATIONS
(unaudited)
(In thousands, except
per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months
Ended
|
|
June 30,
|
|
June 30,
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
Revenue
|
|
|
|
|
|
|
|
|
|
|
|
Products
|
$
|
174,113
|
|
$
|
141,957
|
|
$
|
476,788
|
|
$
|
396,684
|
Services
|
|
49,367
|
|
|
39,760
|
|
|
143,280
|
|
|
114,321
|
Total
revenue
|
|
223,480
|
|
|
181,717
|
|
|
620,068
|
|
|
511,005
|
Cost of
revenue
|
|
|
|
|
|
|
|
|
|
|
|
Products
|
|
104,443
|
|
|
85,658
|
|
|
282,977
|
|
|
243,360
|
Services
|
|
29,816
|
|
|
24,487
|
|
|
88,426
|
|
|
74,606
|
Total cost of
revenue
|
|
134,259
|
|
|
110,145
|
|
|
371,403
|
|
|
317,966
|
Gross
profit
|
|
89,221
|
|
|
71,572
|
|
|
248,665
|
|
|
193,039
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
|
14,177
|
|
|
11,958
|
|
|
40,501
|
|
|
34,148
|
Selling, general and
administrative
|
|
48,283
|
|
|
40,016
|
|
|
136,695
|
|
|
109,496
|
Restructuring
charges
|
|
82
|
|
|
828
|
|
|
131
|
|
|
2,663
|
Total operating
expenses
|
|
62,542
|
|
|
52,802
|
|
|
177,327
|
|
|
146,307
|
Operating
income
|
|
26,679
|
|
|
18,770
|
|
|
71,338
|
|
|
46,732
|
Interest
income
|
|
689
|
|
|
137
|
|
|
1,193
|
|
|
432
|
Interest
expense
|
|
(2,465)
|
|
|
(93)
|
|
|
(6,842)
|
|
|
(286)
|
Gain on settlement of
equity method investment
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,847
|
Other expense,
net
|
|
(316)
|
|
|
(314)
|
|
|
(2,228)
|
|
|
(848)
|
Income before income
taxes and earnings of equity method investments
|
|
24,587
|
|
|
18,500
|
|
|
63,461
|
|
|
47,877
|
Income tax (benefit)
provision
|
|
3,310
|
|
|
3,680
|
|
|
(37,720)
|
|
|
9,900
|
Income before equity
in earnings of equity method investments
|
|
21,277
|
|
|
14,820
|
|
|
101,181
|
|
|
37,977
|
Equity in earnings of
equity method investments
|
|
1,329
|
|
|
2,530
|
|
|
4,931
|
|
|
7,249
|
Net income
|
$
|
22,606
|
|
$
|
17,350
|
|
$
|
106,112
|
|
$
|
45,226
|
Net loss attributable
to noncontrolling interest
|
|
111
|
|
|
—
|
|
|
111
|
|
|
—
|
Net income
attributable to Brooks Automation, Inc.
|
|
22,717
|
|
|
17,350
|
|
|
106,223
|
|
|
45,226
|
Basic net income per
share
|
$
|
0.32
|
|
$
|
0.25
|
|
$
|
1.51
|
|
$
|
0.65
|
Diluted net income
per share
|
|
0.32
|
|
|
0.25
|
|
|
1.50
|
|
|
0.64
|
Dividend declared per
share
|
|
0.10
|
|
|
0.10
|
|
|
0.30
|
|
|
0.30
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
shares outstanding used in computing net income per
share:
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
70,596
|
|
|
69,711
|
|
|
70,425
|
|
|
69,496
|
Diluted
|
|
70,978
|
|
|
70,405
|
|
|
70,933
|
|
|
70,198
|
BROOKS AUTOMATION,
INC.
CONSOLIDATED BALANCE
SHEETS
(unaudited)
(In thousands, except
share and per share data)
|
|
|
|
|
|
|
|
June 30,
|
|
September 30,
|
|
2018
|
|
2017
|
Assets
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
$
|
179,376
|
|
$
|
101,622
|
Marketable
securities
|
|
42,096
|
|
|
28
|
Accounts receivable,
net
|
|
156,678
|
|
|
120,828
|
Inventories
|
|
132,298
|
|
|
106,395
|
Prepaid expenses and
other current assets
|
|
31,432
|
|
|
23,138
|
Total current
assets
|
|
541,880
|
|
|
352,011
|
Property, plant and
equipment, net
|
|
61,537
|
|
|
58,462
|
Long-term marketable
securities
|
|
10,511
|
|
|
2,642
|
Long-term deferred tax
assets
|
|
46,312
|
|
|
1,692
|
Goodwill
|
|
282,205
|
|
|
233,638
|
Intangible assets,
net
|
|
106,195
|
|
|
83,520
|
Equity method
investment
|
|
37,074
|
|
|
28,593
|
Other
assets
|
|
5,716
|
|
|
6,070
|
Total
assets
|
$
|
1,091,430
|
|
$
|
766,628
|
Liabilities and
Stockholders' Equity
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Current portion of
long term debt
|
$
|
2,000
|
|
$
|
—
|
Accounts
payable
|
|
67,589
|
|
|
49,100
|
Deferred
revenue
|
|
24,612
|
|
|
24,292
|
Accrued warranty and
retrofit costs
|
|
8,759
|
|
|
8,054
|
Accrued compensation
and benefits
|
|
25,727
|
|
|
27,065
|
Accrued restructuring
costs
|
|
214
|
|
|
1,708
|
Accrued income taxes
payable
|
|
7,953
|
|
|
11,417
|
Accrued expenses and
other current liabilities
|
|
28,044
|
|
|
25,142
|
Total current
liabilities
|
|
164,898
|
|
|
146,778
|
Long-term
debt
|
|
194,470
|
|
|
—
|
Long-term tax
reserves
|
|
1,430
|
|
|
1,687
|
Long-term deferred tax
liabilities
|
|
6,545
|
|
|
3,748
|
Long-term pension
liabilities
|
|
5,268
|
|
|
1,979
|
Other long-term
liabilities
|
|
5,723
|
|
|
4,792
|
Total
liabilities
|
|
378,334
|
|
|
158,984
|
Stockholders'
Equity
|
|
|
|
|
|
Preferred stock, $0.01
par value - 1,000,000 shares authorized, no shares issued or
outstanding
|
|
—
|
|
|
—
|
Common stock, $0.01
par value - 125,000,000 shares authorized, 84,096,224 shares
issued and 70,634,355 shares outstanding at
June 30, 2018, 83,294,848 shares issued and
69,832,979 shares outstanding at
September 30, 2017
|
|
841
|
|
|
833
|
Additional paid-in
capital
|
|
1,891,304
|
|
|
1,874,918
|
Accumulated other
comprehensive income
|
|
18,373
|
|
|
15,213
|
Treasury stock at cost
- 13,461,869 shares
|
|
(200,956)
|
|
|
(200,956)
|
Accumulated
deficit
|
|
(997,342)
|
|
|
(1,082,364)
|
Total Brooks
Automation, Inc. stockholders' equity
|
|
712,220
|
|
|
607,644
|
Noncontrolling
interest in subsidiary
|
|
876
|
|
|
—
|
Total stockholders'
equity
|
|
713,096
|
|
|
607,644
|
Total liabilities and
stockholders' equity
|
$
|
1,091,430
|
|
$
|
766,628
|
BROOKS AUTOMATION,
INC.
CONSOLIDATED
STATEMENTS OF CASH FLOWS
(unaudited)
(In
thousands)
|
|
|
|
|
|
|
|
Nine Months
Ended
|
|
June 30,
|
|
2018
|
|
2017
|
Cash flows from
operating activities
|
|
|
|
|
|
Net income
|
$
|
106,112
|
|
$
|
45,226
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
|
Depreciation and
amortization
|
|
27,621
|
|
|
20,649
|
Gain on settlement of
equity method investment
|
|
—
|
|
|
(1,847)
|
Stock-based
compensation
|
|
14,999
|
|
|
11,081
|
Amortization of
premium on marketable securities and deferred financing
costs
|
|
565
|
|
|
24
|
Earnings of equity
method investments
|
|
(4,931)
|
|
|
(7,249)
|
Loss recovery on
insurance claim
|
|
(1,103)
|
|
|
—
|
Deferred income tax
benefit
|
|
(48,274)
|
|
|
498
|
Other gains on
disposals of assets
|
|
—
|
|
|
(106)
|
Changes in operating
assets and liabilities, net of acquisitions:
|
|
|
|
|
|
Accounts
receivable
|
|
(32,887)
|
|
|
(14,644)
|
Inventories
|
|
(21,647)
|
|
|
(12,851)
|
Prepaid expenses and
other current assets
|
|
(4,395)
|
|
|
(6,076)
|
Accounts
payable
|
|
16,656
|
|
|
9,470
|
Deferred
revenue
|
|
487
|
|
|
17,875
|
Accrued warranty and
retrofit costs
|
|
(192)
|
|
|
1,299
|
Accrued compensation
and tax withholdings
|
|
(1,252)
|
|
|
279
|
Accrued restructuring
costs
|
|
(1,523)
|
|
|
(4,201)
|
Accrued expenses and
other current liabilities
|
|
(7,478)
|
|
|
1,954
|
Net cash provided by
operating activities
|
|
42,758
|
|
|
61,381
|
Cash flows from
investing activities
|
|
|
|
|
|
Purchases of property,
plant and equipment
|
|
(9,320)
|
|
|
(6,827)
|
Purchases of
marketable securities
|
|
(58,312)
|
|
|
(240)
|
Sales and maturities
of marketable securities
|
|
8,450
|
|
|
3,590
|
Acquisitions, net of
cash acquired
|
|
(82,977)
|
|
|
(5,346)
|
Purchases of other
investments
|
|
—
|
|
|
(170)
|
Proceeds from sales of
property, plant and equipment
|
|
200
|
|
|
—
|
Net cash used in
investing activities
|
|
(141,959)
|
|
|
(8,993)
|
Cash flows from
financing activities
|
|
|
|
|
|
Proceeds from issuance
of common stock
|
|
1,395
|
|
|
960
|
Proceeds from term
loan
|
|
197,554
|
|
|
—
|
Payment of deferred
financing costs
|
|
(318)
|
|
|
(27)
|
Repayment of term
loan
|
|
(1,000)
|
|
|
—
|
Common stock dividends
paid
|
|
(21,202)
|
|
|
(20,932)
|
Net cash provided by
(used in) financing activities
|
|
176,429
|
|
|
(19,999)
|
Effects of exchange
rate changes on cash and cash equivalents
|
|
526
|
|
|
(394)
|
Net increase in cash
and cash equivalents
|
|
77,754
|
|
|
31,995
|
Cash and cash
equivalents, beginning of period
|
|
101,622
|
|
|
85,086
|
Cash and cash
equivalents, end of period
|
$
|
179,376
|
|
$
|
117,081
|
Notes on Non-GAAP Financial Measures:
These 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 adjusted the GAAP results for the impact of
amortization of intangible assets, restructuring charges, purchase
price accounting adjustments and charges related to M&A 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, as well as other gains and charges
that are not representative of the normal operations of the
business. In this context, the Company has also removed the effect
of reversing the valuation allowance reserve on the U.S. deferred
income tax assets. Management strongly encourages
investors to review our financial statements and publicly-filed
reports in their entirety and not rely on any single measure.
|
|
Quarter Ended
|
|
|
June 30, 2018
|
|
March 31, 2018
|
|
June 30, 2017
|
|
|
|
|
per
diluted
|
|
|
|
per
diluted
|
|
|
|
per
diluted
|
Dollars in
thousands, except per share
data
|
|
$
|
|
share
|
|
$
|
|
share
|
|
$
|
|
share
|
Net income
attributible to Brooks Automation, Inc.
|
|
$
|
22,717
|
|
$
|
0.32
|
|
$
|
67,020
|
|
$
|
0.95
|
|
$
|
17,350
|
|
$
|
0.25
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase accounting
impact on inventory and
contracts acquired
|
|
|
736
|
|
|
0.01
|
|
|
—
|
|
|
—
|
|
|
71
|
|
|
—
|
Amortization of
intangible assets
|
|
|
6,584
|
|
|
0.09
|
|
|
5,611
|
|
|
0.08
|
|
|
4,330
|
|
|
0.06
|
Restructuring
charges
|
|
|
82
|
|
|
0.00
|
|
|
49
|
|
|
0.00
|
|
|
828
|
|
|
0.01
|
Merger
costs
|
|
|
2,460
|
|
|
0.03
|
|
|
2,666
|
|
|
0.04
|
|
|
3,654
|
|
|
0.05
|
Adjustment of
valuation allowance against
deferred tax assets
|
|
|
690
|
|
|
0.01
|
|
|
(46,158)
|
|
|
(0.65)
|
|
|
—
|
|
|
—
|
Tax effect of
adjustments
|
|
|
(800)
|
|
|
(0.01)
|
|
|
(922)
|
|
|
(0.01)
|
|
|
(880)
|
|
|
(0.01)
|
Net loss attributible
to noncontrolling interest
|
|
|
(111)
|
|
|
(0.00)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
Non-GAAP adjusted net
income attributible to
Brooks Automation, Inc.
|
|
|
32,358
|
|
|
0.46
|
|
|
28,266
|
|
|
0.40
|
|
|
25,353
|
|
|
0.36
|
Stock
based compensation, pre-tax
|
|
|
4,870
|
|
|
—
|
|
|
5,320
|
|
|
—
|
|
|
4,197
|
|
|
—
|
Tax
rate
|
|
|
10
|
%
|
|
—
|
|
|
10
|
%
|
|
—
|
|
|
15
|
%
|
|
—
|
Stock-based
compensation, net of tax
|
|
|
4,402
|
|
|
0.06
|
|
|
4,778
|
|
|
0.07
|
|
|
3,559
|
|
|
0.05
|
Non-GAAP adjusted net
income attributible to
Brooks Automation, Inc.- excluding stock-based
compensation
|
|
$
|
36,760
|
|
$
|
0.52
|
|
$
|
33,044
|
|
$
|
0.47
|
|
$
|
28,912
|
|
$
|
0.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in
computing non-GAAP diluted
net income attributible to Brooks Automation,
Inc. per share
|
|
|
—
|
|
|
70,978
|
|
|
—
|
|
|
70,613
|
|
|
—
|
|
|
70,405
|
|
|
|
|
|
|
|
|
Nine Months
Ended
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
June 30, 2017
|
|
|
|
|
|
|
|
|
|
|
per
diluted
|
|
|
|
per
diluted
|
Dollars in
thousands, except per share
data
|
|
|
|
|
|
|
|
$
|
|
share
|
|
$
|
|
share
|
Net income
attributible to Brooks Automation, Inc.
|
|
|
|
|
|
|
|
$
|
106,223
|
|
$
|
1.50
|
|
$
|
45,226
|
|
$
|
0.64
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase accounting
impact on inventory and
contracts acquired
|
|
|
|
|
|
|
|
|
1,896
|
|
|
0.03
|
|
|
523
|
|
|
0.01
|
Amortization of
intangible assets
|
|
|
|
|
|
|
|
|
17,688
|
|
|
0.25
|
|
|
12,743
|
|
|
0.18
|
Restructuring
charges
|
|
|
|
|
|
|
|
|
131
|
|
|
0.00
|
|
|
2,663
|
|
|
0.04
|
Merger costs
|
|
|
|
|
|
|
|
|
5,739
|
|
|
0.08
|
|
|
4,839
|
|
|
0.07
|
Less: Fair value
adjustment of equity investment
|
|
|
|
|
|
|
|
|
—
|
|
|
—
|
|
|
(1,847)
|
|
|
(0.03)
|
Add: True-up of
BioCision stub period adjustment
|
|
|
|
|
|
|
|
|
—
|
|
|
—
|
|
|
203
|
|
|
—
|
Adjustment of valuation
allowance against
deferred tax assets
|
|
|
|
|
|
|
|
|
(45,468)
|
|
|
(0.64)
|
|
|
—
|
|
|
—
|
Tax effect of
adjustments
|
|
|
|
|
|
|
|
|
(2,301)
|
|
|
(0.03)
|
|
|
(1,856)
|
|
|
(0.03)
|
Tax Reform - rate
change applied to deferred tax
liabilities
|
|
|
|
|
|
|
|
|
(671)
|
|
|
(0.01)
|
|
|
—
|
|
|
—
|
Net loss attributible
to noncontrolling interest
|
|
|
|
|
|
|
|
|
(111)
|
|
|
(0.00)
|
|
|
—
|
|
|
—
|
Non-GAAP adjusted net
income attributible to
Brooks Automation, Inc.
|
|
|
|
|
|
|
|
|
83,126
|
|
|
1.17
|
|
|
62,494
|
|
|
0.89
|
Stock-based
compensation, pre-tax
|
|
|
|
|
|
|
|
|
14,999
|
|
|
—
|
|
|
11,081
|
|
|
—
|
Tax
rate
|
|
|
|
|
|
|
|
|
11
|
%
|
|
—
|
|
|
16
|
%
|
|
—
|
Stock-based
compensation, net of tax
|
|
|
|
|
|
|
|
|
13,289
|
|
$
|
0.19
|
|
|
9,330
|
|
|
0.13
|
Non-GAAP adjusted net
income attributible to
Brooks Automation, Inc.- excluding stock-based
compensation
|
|
|
|
|
|
|
|
$
|
96,415
|
|
$
|
1.36
|
|
$
|
71,824
|
|
$
|
1.02
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in
computing non-GAAP diluted net
income attributible to Brooks Automation, Inc. per share
|
|
|
|
|
|
|
|
|
—
|
|
|
70,933
|
|
|
—
|
|
|
70,198
|
|
|
Quarter Ended
|
|
|
|
June 30, 2018
|
|
March 31, 2018
|
|
June 30, 2017
|
Dollars in
thousands
|
|
$
|
|
%
|
|
$
|
|
%
|
|
$
|
|
%
|
GAAP gross
profit/gross margin percentage
|
|
$
|
89,221
|
|
39.9
|
%
|
|
$
|
84,229
|
|
40.6
|
%
|
|
$
|
71,572
|
|
39.4
|
%
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed technology
|
|
|
1,504
|
|
0.7
|
%
|
|
|
982
|
|
0.5
|
%
|
|
|
1,051
|
|
0.6
|
%
|
Purchase accounting
impact on
inventory and contracts acquired
|
|
|
736
|
|
0.3
|
%
|
|
|
—
|
|
0.0
|
%
|
|
|
71
|
|
0.0
|
%
|
Non-GAAP adjusted
gross
profit/gross margin percentage
|
|
$
|
91,461
|
|
40.9
|
%
|
|
$
|
85,211
|
|
41.1
|
%
|
|
$
|
72,694
|
|
40.0
|
%
|
|
|
|
|
|
|
|
|
Nine Months
Ended
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
June 30, 2017
|
Dollars in
thousands
|
|
|
|
|
|
|
|
$
|
|
%
|
|
|
$
|
|
%
|
GAAP gross
profit/gross margin percentage
|
|
|
|
|
|
|
|
$
|
248,665
|
|
40.1
|
%
|
|
$
|
193,039
|
|
37.8
|
%
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed
technology
|
|
|
|
|
|
|
|
|
3,390
|
|
0.5
|
%
|
|
|
3,105
|
|
0.6
|
%
|
Purchase accounting
impact on
inventory and contracts acquired
|
|
|
|
|
|
|
|
|
1,896
|
|
0.3
|
%
|
|
|
523
|
|
0.1
|
%
|
Non-GAAP adjusted
gross
profit/gross margin percentage
|
|
|
|
|
|
|
|
$
|
253,951
|
|
41.0
|
%
|
|
$
|
196,667
|
|
38.5
|
%
|
|
|
Quarter Ended
|
|
Nine Months
Ended
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
Dollars in thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
GAAP net income
attributable to Brooks Automation, Inc.
|
|
$
|
22,717
|
|
$
|
67,020
|
|
$
|
17,350
|
|
$
|
106,223
|
|
$
|
45,226
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: Interest
income
|
|
|
(689)
|
|
|
(356)
|
|
|
(137)
|
|
|
(1,193)
|
|
|
(432)
|
Add: Interest
expense
|
|
|
2,465
|
|
|
2,196
|
|
|
93
|
|
|
6,842
|
|
|
286
|
Add: Income tax
provision
|
|
|
3,310
|
|
|
(43,880)
|
|
|
3,680
|
|
|
(37,720)
|
|
|
9,900
|
Add:
Depreciation
|
|
|
3,403
|
|
|
3,500
|
|
|
2,589
|
|
|
9,933
|
|
|
7,907
|
Add: Amortization of
completed technology
|
|
|
1,504
|
|
|
982
|
|
|
1,051
|
|
|
3,390
|
|
|
3,105
|
Add: Amortization of
customer relationships
and acquired intangible assets
|
|
|
5,080
|
|
|
4,629
|
|
|
3,279
|
|
|
14,298
|
|
|
9,638
|
Earnings before
interest, taxes, depreciation and
amortization
|
|
$
|
37,790
|
|
$
|
34,091
|
|
$
|
27,905
|
|
$
|
101,773
|
|
$
|
75,630
|
|
|
Quarter Ended
|
|
Nine Months
Ended
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
Dollars in thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
Earnings before
interest, taxes, depreciation and
amortization
|
|
$
|
37,790
|
|
$
|
34,091
|
|
$
|
27,905
|
|
$
|
101,773
|
|
$
|
75,630
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: Fair value
adjustment of equity method
investment
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,847)
|
Add: Stock-based
compensation
|
|
|
4,870
|
|
|
5,320
|
|
|
4,197
|
|
|
14,999
|
|
|
11,081
|
Add: Restructuring
charges
|
|
|
82
|
|
|
49
|
|
|
828
|
|
|
131
|
|
|
2,663
|
Add: BioCision stub
period adjustment
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
203
|
Add: Purchase
accounting impact on inventory
and contracts acquired
|
|
|
736
|
|
|
—
|
|
|
71
|
|
|
1,896
|
|
|
523
|
Add: Merger
costs
|
|
|
2,460
|
|
|
2,666
|
|
|
3,654
|
|
|
5,739
|
|
|
4,839
|
Adjusted earnings
before interest, taxes,
depreciation and amortization
|
|
$
|
45,938
|
|
$
|
42,126
|
|
$
|
36,655
|
|
$
|
124,538
|
|
$
|
93,092
|
|
|
Quarter Ended
|
|
Nine Months
Ended
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
Dollars in thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
GAAP selling, general
and administrative
expenses
|
|
$
|
48,283
|
|
$
|
47,236
|
|
$
|
40,016
|
|
$
|
136,695
|
|
$
|
109,496
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less: Amortization of
customer relationships
and acquired intangible assets
|
|
|
(5,080)
|
|
|
(4,629)
|
|
|
(3,279)
|
|
|
(14,298)
|
|
|
(9,638)
|
Less: Merger
costs
|
|
|
(2,460)
|
|
|
(2,666)
|
|
|
(3,654)
|
|
|
(5,739)
|
|
|
(4,839)
|
Non-GAAP adjusted
selling, general and
administrative expenses
|
|
$
|
40,743
|
|
$
|
39,941
|
|
$
|
33,083
|
|
$
|
116,658
|
|
$
|
95,019
|
Research and
development expenses
|
|
$
|
14,177
|
|
$
|
13,125
|
|
$
|
11,958
|
|
$
|
40,501
|
|
$
|
34,148
|
Non-GAAP adjusted
operating expenses
|
|
$
|
54,920
|
|
$
|
53,066
|
|
$
|
45,041
|
|
$
|
157,159
|
|
$
|
129,167
|
|
|
Quarter Ended
|
|
Nine Months
Ended
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
Dollars in
thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
GAAP equity in
earnings of equity method
investments
|
|
$
|
1,329
|
|
$
|
1,422
|
|
$
|
2,530
|
|
$
|
4,931
|
|
$
|
7,249
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: BioCision stub
period adjustment
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
203
|
Non-GAAP adjusted
equity in earnings of equity
method investments
|
|
$
|
1,329
|
|
$
|
1,422
|
|
$
|
2,530
|
|
$
|
4,931
|
|
$
|
7,452
|
|
|
Brooks
Semiconductor Solutions Group
|
|
Brooks Life
Sciences
|
|
|
Quarter
Ended
|
|
Quarter
Ended
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
Dollars in
thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
|
2017
|
GAAP gross
profit
|
|
$
|
70,634
|
|
$
|
65,299
|
|
$
|
58,083
|
|
$
|
18,587
|
|
$
|
18,930
|
|
$
|
13,489
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed
technology
|
|
|
1,147
|
|
|
570
|
|
|
626
|
|
|
357
|
|
|
412
|
|
|
425
|
Purchase accounting
impact on
inventory and contracts acquired
|
|
|
736
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
71
|
Non-GAAP adjusted
gross profit
|
|
$
|
72,517
|
|
$
|
65,869
|
|
$
|
58,709
|
|
$
|
18,944
|
|
$
|
19,342
|
|
$
|
13,985
|
|
|
Brooks Semiconductor Solutions Group
|
|
Brooks Life Sciences
|
|
|
Nine Months
Ended
|
|
Nine Months
Ended
|
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
Dollars in
thousands
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
GAAP gross
profit
|
|
$
|
195,386
|
|
$
|
154,877
|
|
$
|
53,279
|
|
$
|
38,162
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed technology
|
|
|
2,250
|
|
|
1,879
|
|
|
1,140
|
|
|
1,226
|
Purchase accounting
impact on inventory and
contracts acquired
|
|
|
736
|
|
|
125
|
|
|
1,160
|
|
|
398
|
Non-GAAP adjusted
gross profit
|
|
$
|
198,372
|
|
$
|
156,881
|
|
$
|
55,579
|
|
$
|
39,786
|
|
|
Brooks Semiconductor Solutions Group
|
|
Brooks Life Sciences
|
|
|
|
Quarter Ended
|
|
Quarter Ended
|
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
Dollars in
thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
|
2017
|
|
GAAP gross
margin
|
|
|
40.6
|
%
|
|
41.1
|
%
|
|
40.1
|
%
|
|
37.4
|
%
|
|
39.0
|
%
|
|
36.7
|
%
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed
technology
|
|
|
0.7
|
%
|
|
0.4
|
%
|
|
0.4
|
%
|
|
0.7
|
%
|
|
0.8
|
%
|
|
1.2
|
%
|
Purchase accounting
impact on
inventory and contracts acquired
|
|
|
0.4
|
%
|
|
—
|
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
0.2
|
%
|
Non-GAAP adjusted
gross margin
|
|
|
41.7
|
%
|
|
41.5
|
%
|
|
40.5
|
%
|
|
38.1
|
%
|
|
39.8
|
%
|
|
38.0
|
%
|
|
|
Brooks Semiconductor Solutions Group
|
|
Brooks Life Sciences
|
|
|
Nine Months
Ended
|
|
Nine Months
Ended
|
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
|
June 30,
|
Dollars in
thousands
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
GAAP gross
margin
|
|
41.2
|
%
|
|
38.1
|
%
|
|
36.6
|
%
|
|
36.4
|
%
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed technology
|
|
0.5
|
%
|
|
0.5
|
%
|
|
0.8
|
%
|
|
1.2
|
%
|
Purchase accounting
impact on inventory and
contracts acquired
|
|
0.1
|
%
|
|
—
|
%
|
|
0.8
|
%
|
|
0.4
|
%
|
Non-GAAP adjusted
gross margin
|
|
41.8
|
%
|
|
38.6
|
%
|
|
38.2
|
%
|
|
38.0
|
%
|
|
|
Brooks Semiconductor Solutions Group
|
|
Brooks Life Sciences
|
|
Total
Segments
|
|
|
Quarter Ended
|
|
Quarter Ended
|
|
Quarter Ended
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
Dollars in thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
|
2017
|
GAAP operating
profit
|
|
$
|
33,674
|
|
$
|
30,836
|
|
$
|
26,188
|
|
$
|
2,034
|
|
$
|
2,683
|
|
$
|
1,134
|
|
$
|
35,708
|
|
$
|
33,519
|
|
$
|
27,322
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed
technology
|
|
|
1,147
|
|
|
570
|
|
|
626
|
|
|
357
|
|
|
412
|
|
|
425
|
|
|
1,504
|
|
|
982
|
|
|
1,051
|
Purchase accounting
impact on inventory
and contracts acquired
|
|
|
736
|
|
|
—
|
|
|
|
|
|
—
|
|
|
—
|
|
|
71
|
|
|
736
|
|
|
—
|
|
|
71
|
Non-GAAP adjusted
operating profit
|
|
$
|
35,557
|
|
$
|
31,406
|
|
$
|
26,814
|
|
$
|
2,391
|
|
$
|
3,095
|
|
$
|
1,630
|
|
$
|
37,948
|
|
$
|
34,501
|
|
$
|
28,444
|
|
|
Total
Segments
|
|
Corporate
|
|
Total
|
|
|
Quarter Ended
|
|
Quarter Ended
|
|
Quarter Ended
|
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
|
June 30,
|
|
March 31,
|
|
June 30,
|
Dollars in thousands
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
|
2017
|
GAAP operating profit
(loss)
|
|
$
|
35,708
|
|
$
|
33,519
|
|
$
|
27,322
|
|
$
|
(9,029)
|
|
$
|
(9,700)
|
|
$
|
(8,552)
|
|
$
|
26,679
|
|
$
|
23,819
|
|
$
|
18,770
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed
technology
|
|
|
1,504
|
|
|
982
|
|
|
1,051
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,504
|
|
|
982
|
|
|
1,051
|
Amortization of
customer
relationships and acquired
intangible assets
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,080
|
|
|
4,629
|
|
|
3,279
|
|
|
5,080
|
|
|
4,629
|
|
|
3,279
|
Restructuring
charges
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
82
|
|
|
49
|
|
|
828
|
|
|
82
|
|
|
49
|
|
|
828
|
Purchase accounting
impact
on inventory and contracts
acquired
|
|
|
736
|
|
|
—
|
|
|
71
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
736
|
|
|
—
|
|
|
71
|
Merger costs
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,460
|
|
|
2,666
|
|
|
3,654
|
|
|
2,460
|
|
|
2,666
|
|
|
3,654
|
Non-GAAP adjusted
operating profit (loss)
|
|
$
|
37,948
|
|
$
|
34,501
|
|
$
|
28,444
|
|
$
|
(1,407)
|
|
$
|
(2,356)
|
|
$
|
(791)
|
|
$
|
36,541
|
|
$
|
32,145
|
|
$
|
27,653
|
|
|
Brooks Semiconductor Solutions Group
|
|
Brooks Life Sciences
|
|
Total
Segments
|
|
|
Nine Months
Ended
|
|
Nine Months
Ended
|
|
Nine Months
Ended
|
Dollars in
thousands
|
|
June 30, 2018
|
|
June 30, 2017
|
|
June 30, 2018
|
|
June 30, 2017
|
|
June 30, 2018
|
|
June 30, 2017
|
GAAP operating
profit
|
|
$
|
90,872
|
|
$
|
63,562
|
|
$
|
4,577
|
|
$
|
2,535
|
|
$
|
95,449
|
|
$
|
66,097
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed
technology
|
|
|
2,250
|
|
|
1,879
|
|
|
1,140
|
|
|
1,226
|
|
|
3,390
|
|
|
3,105
|
Purchase accounting
impact on
inventory and contracts acquired
|
|
|
736
|
|
|
125
|
|
|
1,160
|
|
|
398
|
|
|
1,896
|
|
|
523
|
Non-GAAP adjusted
operating profit
|
|
$
|
93,858
|
|
$
|
65,566
|
|
$
|
6,877
|
|
$
|
4,159
|
|
$
|
100,735
|
|
$
|
69,725
|
|
|
Total
Segments
|
|
Corporate
|
|
Total
|
|
|
Nine Months
Ended
|
|
Nine Months
Ended
|
|
Nine Months
Ended
|
Dollars in thousands
|
|
June 30, 2018
|
|
June 30, 2017
|
|
June 30, 2018
|
|
June 30, 2017
|
|
June 30, 2018
|
|
June 30, 2017
|
GAAP operating profit
(loss)
|
|
$
|
95,449
|
|
$
|
66,097
|
|
$
|
(24,111)
|
|
$
|
(19,365)
|
|
$
|
71,338
|
|
$
|
46,732
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of
completed
technology
|
|
|
3,390
|
|
|
3,105
|
|
|
—
|
|
|
—
|
|
|
3,390
|
|
|
3,105
|
Amortization of
customer
relationships and acquired intangible
assets
|
|
|
—
|
|
|
—
|
|
|
14,298
|
|
|
9,638
|
|
|
14,298
|
|
|
9,638
|
Restructuring
charges
|
|
|
—
|
|
|
—
|
|
|
131
|
|
|
2,663
|
|
|
131
|
|
|
2,663
|
Purchase accounting
impact on
inventory and contracts acquired
|
|
|
1,896
|
|
|
523
|
|
|
—
|
|
|
—
|
|
|
1,896
|
|
|
523
|
Merger costs
|
|
|
—
|
|
|
—
|
|
|
5,739
|
|
|
4,839
|
|
|
5,739
|
|
|
4,839
|
Non-GAAP adjusted
operating profit (loss)
|
|
$
|
100,735
|
|
$
|
69,725
|
|
$
|
(3,943)
|
|
$
|
(2,225)
|
|
$
|
96,792
|
|
$
|
67,500
|
View original
content:http://www.prnewswire.com/news-releases/brooks-automation-reports-results-of-fiscal-third-quarter-of-2018-ended-june-30-2018-300692596.html
SOURCE Brooks Automation