Brooks Automation, Inc. (BRKS) has reported a 60.70 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $10.55 million, or $0.15 a share in the quarter, compared with $6.56 million, or $0.10 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $15.32 million, or $0.22 a share compared with $11.39 million or $0.17 a share, a year ago.
Revenue during the quarter grew 8.09 percent to $157.55 million from $145.76 million in the previous year period. Gross margin for the quarter contracted 32 basis points over the previous year period to 35.90 percent. Total expenses were 93.40 percent of quarterly revenues, up from 93.04 percent for the same period last year. That has resulted in a contraction of 36 basis points in operating margin to 6.60 percent.
Operating income for the quarter was $10.40 million, compared with $10.15 million in the previous year period.
"The fourth quarter performance reflects our competitiveness in both segments and demonstrates the strength of our business model going forward," commented Steve Schwartz, CEO of Brooks Automation. “The strength of our offerings in the semiconductor segment is keeping us at the top of the industry growth curve in that space and the continued growth of Life Sciences is shaping a future that includes increasing stability and profitability."
Operating cash flow declines
Brooks Automation, Inc. has generated cash of $39.55 million from operating activities during the year, down 9.56 percent or $4.18 million, when compared with the last year.
The company has spent $10.87 million cash to meet investing activities during the year as against cash outgo of $17.64 million in the last year. It has incurred net capital expenditure of $10.04 million on net basis during the year, down 37.78 percent or $6.10 million from year ago.
The company has spent $25.96 million cash to carry out financing activities during the year as against cash outgo of $34.01 million in the last year period.
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