Indeed, there is now a considerable global need for the financial-services industry to evolve comprehensively from traditional, age-old business models. The year-over-year improvement was driven by gross margin of 50.2%, up 590 basis points year over year. SAN DIEGO, Jan. 25, 2021 /PRNewswire/ -- Environmental Lights, a leader in LED lighting solutions, announced they have named Brad Tedder as CEO. Automation is the key to not just getting through these difficult times, but to growing during them! About Brooks Building Solutions. [3], Brooks Automation acquired the Celigo automated Cell Cytometer product line from Cyntellect, Inc in 2011. The Brooks Life Science Systems provides automated sample management systems and equipment, such as automated blood fractionation equipment, cellular imaging, and consumables parts. [10][11], Brooks Automation provides mainly four kinds: semiconductor automation and life science systems equipment, gas analysis and vacuum measurement, cryopumps, cryochillers and compressors, asset tracking equipment. Steve Schwartz has been the CEO of Brooks Automation, Inc. (NASDAQ:BRKS) since 2010, and this article will examine the executive's compensation with respect to the overall performance of the company.This analysis will also assess whether Brooks Automation pays its CEO appropriately, considering recent earnings growth and total shareholder returns. Founded in … Management strongly encourages investors to review our financial statements and publicly-filed reports in their entirety and not rely on any single measure. The company provides vacuum pumps and instrumentation to maintain pressure consistency of the known process gas. Weighted average shares outstanding used in computing net income per share: BROOKS AUTOMATION, INC.CONSOLIDATED BALANCE SHEETS(unaudited)(In thousands, except share and per share data), Prepaid expenses and other current assets, Accrued expenses and other current liabilities, 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, 87,672,132 shares issued and 74,210,263 shares outstanding at December 31, 2020, 87,293,710 shares issued and 73,831,841 shares outstanding at September 30, 2020, Treasury stock at cost - 13,461,869 shares, Total liabilities and stockholders' equity, BROOKS AUTOMATION, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited)(In thousands). Next-generation employee benefits administration software for automating COBRA, Carrier Connectivity, Benefits Reconciliation and more. The company features in developing and building the handling system and related technology. Nov. 10, 2020 11:58 PM ET Brooks Automation, Inc. (BRKS) 1 Like. A reconciliation of non-GAAP measures to the most nearly comparable GAAP measures is included at the end of this release following the consolidated balance sheets, statements of operations and statements of cash flows. Adjustments to reconcile net income to net cash provided by operating activities: Amortization of premium on marketable securities and deferred financing costs, Adjustment to the gain on divestiture, net of tax. 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. Brooks Automation (NASDAQ:BRKS): FQ1 Non-GAAP EPS of $0.47 beats by $0.05; GAAP EPS of $0.35 beats by $0.06. With over 40 years as a partner to the semiconductor manufacturing industry, Brooks is a provider of industry-leading precision vacuum robotics, integrated automation systems and contamination control solutions to the world's leading semiconductor chip makers and equipment manufacturers. CHELMSFORD, Mass., Feb. 2, 2021 /PRNewswire/ -- Brooks Automation, Inc. (Nasdaq: BRKS) today reported financial results for the first fiscal quarter of 2021, ended December 31, 2020. Businesses that acknowledge the need to contextualize AP automation as part of, rather than a replacement for, a more comprehensive digital transformation strategy will reap rich dividends. The "Application Release Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering. In 2002, Brooks Automation, Inc. completed the acquisition of Intelligent Automation Systems, Inc. of Cambridge, Massachusetts, a custom automation company with technology and products for the semiconductor, photonics and life sciences industries. In 2002, Brooks Automation, Inc. completed the acquisition of Intelligent Automation Systems, Inc. of Cambridge, Massachusetts, a custom automation company with technology and products for the semiconductor, photonics and life sciences industries. These measures are not presented in accordance with, nor are they a substitute for, U.S. generally accepted accounting principles, or GAAP. Dollars in millions, except per share data, Non-GAAP Diluted EPS Continuing Operations, Management Comments "We are very pleased with the results of our first quarter of 2021 as we continued our trajectory of strong profitable growth," commented Steve Schwartz, president and CEO. Rockwell Automation on Tuesday said it named Nicholas Gangestad senior vice president and chief financial officer, effective March 1. 2012.1, Brooks Automation announced that it had acquired the Celigo Cell Cytometer product line from Cyntellect Inc. Celigo had an advantage in cell imaging systems based on its unique combination of high-throughput, ease-of-use, and affordability. Some of my highlights: 1. The 590 basis point year-over-year improvement in Life Sciences gross margin was driven by the Products business, up 310 basis points, and the Services business, up 790 basis points. Company profile: Siemens AG (Berlin and Munich, Germany) is a global powerhouse focused on electrification, automation and digitalisation.As of late 2017, Siemens had around 372,000 employees in more than 200 countries. Including a series of carefully curated learning resources, podcasts, thought leadership content and quizzes covering the prominent digital … An additional 640 basis points improvement came from the leverage of operating expense which grew only 7% to support the 29% revenue growth. Guidance for Second Quarter Fiscal 2021The Company announced revenue and earnings guidance for the second quarter of fiscal 2021. [7], Brooks closed the sale of Granville-Phillips to MKS Instruments on May 30, 2014. The A to E of the future of finance is here to equip you with the skills you need to thrive in a rapidly disruptive world of finance. 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. SA Transcripts. Changes in operating assets and liabilities, net of acquisitions: Accrued compensation and tax withholdings, Net cash provided by operating activities, Purchases of property, plant and equipment, Net cash (used in) provided by investing activities, Effects of exchange rate changes on cash and cash equivalents, Net increase in cash and cash equivalents, Cash, cash equivalents and restricted cash, beginning of period, Cash and cash equivalents and restricted cash, end of period, Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets, Short-term restricted cash included in prepaid expenses and other current assets, Long-term restricted cash included in other assets, Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows. Sara SilvermanDirector of Investor RelationsBrooks Automation978.262.2635[email protected], Sherry DinsmoreBrooks Automation978.262.4301[email protected], BROOKS AUTOMATION, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)(In thousands, except per share data), Loss from discontinued operations, net of tax. I have been working at Brooks Automation full-time for more than a year. Brooks is headquartered in Chelmsford, MA, with operations in North America, Europe and Asia. As a result, we can provide no assurance that our future results will not be materially different from those projected. FORMULATRIX® collaborates with researchers to simplify the preparation and analysis of proteins and nucleic acids by designing laboratory automation solutions without boundaries and bringing novel cutting-edge technology to the life science industry. VQMTM was used to determine gas composition with an electrostatic autoresonant ion trap. As technology continues to advance at a rapid pace, financial institutions all across the world are under intense pressure to improve efficiency, reduce costs and boost productivity. Dollars in thousands, except per share data, Non-GAAP adjusted net income from continuing operations, Non-GAAP adjusted net income excluding stock-based compensation - continuing operations, Shares used in computing non-GAAP diluted net income per share. We make a difference in providing scientific solutions that support our clients in life altering drug discovery 2. Conference Call and WebcastBrooks management will webcast its first quarter earnings conference call today at 4:30 p.m. Eastern Time. Brooks Automation, Inc (NASDAQ:BRKS) CEO Stephen S. Schwartz sold 30,000 shares of the company’s stock in a transaction on Tuesday, September … The favorable mix effect of unwinding the RUCDR alliance agreement drove 210 basis points of the total Life Sciences business gross margin improvement while 380 basis points of the increase was due to performance improvement. Semiconductor remains robust and is poised to accelerate in the second quarter given a healthy order backlog and market tailwinds. Gross margin was 42.8%, up 320 basis points year over year, primarily driven by growth and favorable mix in vacuum robots compared to the prior year. The same year, Brooks acquired Nexus Biosystems, which produced compound and sample management systems. [14], Learn how and when to remove this template message, "Brooks Automation Announces the Acquisition of Intelligent Automation Systems", "Brooks Automation Announces Expansion of Life Science Systems Business With Acquisition of Celigo(R) Cell Cytometer Product Line", "Brooks Automation Announces Agreement to Acquire Crossing Automation Inc", http://investor.brooks.com/phoenix.zhtml?c=197950&p=irol-newsArticle&ID=1909619, http://www.brooks.com/company/news-and-events/press-releases/20140530-Granville-Phillips, https://brooks.investorroom.com/news-releases?item=55, "Brooks Automation Announces Signing of Definitive Agreement to Acquire Matrical Bioscience to Expand the Brooks Life Science Systems Business", "Brooks Automation Announces Two Product Extensions to the Innovative Vacuum Quality Monitor Line", "Brooks Automation Wins Prestigious R&D 100 Award for the 830 Vacuum Quality Monitor(TM)", "BROOKS AUTOMATION ANNOUNCES COMPLETION OF BIOSTORAGE TECHNOLOGIES ACQUISITION", https://en.wikipedia.org/w/index.php?title=Brooks_Automation&oldid=1006623797, Life science companies based in Massachusetts, Technology companies based in Massachusetts, Manufacturing companies based in Massachusetts, Companies based in Middlesex County, Massachusetts, Manufacturing companies established in 1978, Pages with non-numeric formatnum arguments, Articles with a promotional tone from December 2013, Articles needing cleanup from December 2018, Articles with sections that need to be turned into prose from December 2018, Creative Commons Attribution-ShareAlike License.