Azenta (AZTA) FY2018 results: revenue $632 million, up 19.7% on the year
Azenta, Inc. (AZTA) reported revenue of $632 million for fiscal 2018, the year ended 30 September 2018, up 19.7% on the year before. Net income was $117 million, up 86.2%, and diluted earnings per share $1.64. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2019.
Revenue
$632 million
+19.7% on the year
FY2011FY2018
Operating margin
5.0%
2.7% a year earlier
FY2011FY2018
Net income
$117 million
+86.2% on the year
FY2011FY2018
Diluted EPS
$1.64
+84.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
632
527
434
+19.7%
Cost of revenue
385
425
362
-9.4%
Gross profit
246
199
157
+23.7%
Gross margin
39.0%
37.7%
36.1%
Research and development
46.9
39.9
44.2
+17.7%
Selling, general and administrative
167
142
119
+18.0%
Operating income
31.4
14.3
-17.1
+119.4%
Operating margin
5.0%
2.7%
-3.9%
Interest expense
9.5
0.4
0.2
+2,233.3%
Pre-tax income
20.5
14.5
-18.1
+41.0%
Income tax
-47.3
3.4
66.2
Effective tax rate
-230.9%
23.3%
n/a
Net income
117
62.6
-69.5
+86.2%
Net margin
18.5%
11.9%
-16.0%
Diluted EPS
$1.64
$0.89
-$1.01
+84.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
74.0
96.2
39.5
-23.1%
Capital expenditure
12.8
12.7
12.8
+0.9%
Free cash flow
61.2
83.5
26.7
-26.8%
Free cash flow margin
9.7%
15.8%
6.2%
Cash from investing
-148
-54.2
-10.9
Cash from financing
170
-25.9
-26.0
Depreciation and amortisation
37.4
28.1
28.0
+33.0%
Share-based compensation
19.8
17.3
11.7
+14.7%
Dividends paid
28.3
27.9
27.5
+1.3%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
71m
70m
69m
+0.6%
Shares outstanding at period end
71m
70m
69m
+1.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
718
608
554
+18.1%
Debt
196
0.0
0.0
Other liabilities
181
159
132
+14.1%
Total liabilities and equity
1,095
767
686
+42.9%
Fixed assets
60.0
57.0
54.9
+5.3%
Goodwill
256
207
176
+23.5%
Intangible assets
100.0
83.5
81.8
+19.7%
Investments
53.5
2.7
6.1
+1,904.4%
Cash and equivalents
198
102
85.1
+94.6%
Receivables
125
93.5
106
+33.9%
Inventory
97.0
73.4
92.6
+32.1%
Other assets
206
148
83.4
+39.4%
Total assets
1,095
767
686
+42.9%
10-K for the year ended 30 September 2018, filed 17 December 2019: the filing.