Azenta (AZTA) FY2019 results: revenue $334 million, down 47.1% on the year
Azenta, Inc. (AZTA) reported revenue of $334 million for fiscal 2019, the year ended 30 September 2019, down 47.1% on the year before. Net income was $437 million, up 275.2%, and diluted earnings per share $6.04. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2019.
Revenue
$334 million
-47.1% on the year
FY2012FY2019
Operating margin
-14.2%
5.0% a year earlier
FY2012FY2019
Net income
$437 million
+275.2% on the year
FY2012FY2019
Diluted EPS
$6.04
+268.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
334
632
527
-47.1%
Cost of revenue
200
385
425
-48.2%
Gross profit
135
246
199
-45.3%
Gross margin
40.3%
39.0%
37.7%
Research and development
17.3
46.9
39.9
-63.1%
Selling, general and administrative
163
167
142
-2.2%
Operating income
-47.4
31.4
14.3
Operating margin
-14.2%
5.0%
2.7%
Interest expense
22.2
9.5
0.4
+133.7%
Pre-tax income
-84.0
20.5
14.5
Income tax
-22.8
-47.3
3.4
Effective tax rate
n/a
-230.9%
23.3%
Net income
437
117
62.6
+275.2%
Net margin
130.9%
18.5%
11.9%
Diluted EPS
$6.04
$1.64
$0.89
+268.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
90.9
74.0
96.2
+22.9%
Capital expenditure
23.9
12.8
12.7
+86.6%
Free cash flow
67.0
61.2
83.5
+9.6%
Free cash flow margin
20.1%
9.7%
15.8%
Cash from investing
211
-148
-54.2
Cash from financing
-191
170
-25.9
Depreciation and amortisation
54.5
37.4
28.1
+45.5%
Share-based compensation
20.1
19.8
17.3
+1.5%
Dividends paid
28.9
28.3
27.9
+2.2%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
72m
71m
70m
+2.0%
Shares outstanding at period end
72m
71m
70m
+2.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,139
718
608
+58.7%
Debt
51.1
196
0.0
-73.9%
Other liabilities
326
181
159
+79.7%
Total liabilities and equity
1,516
1,095
767
+38.4%
Fixed assets
101
60.0
57.0
+67.8%
Goodwill
441
256
207
+72.3%
Intangible assets
251
100.0
83.5
+151.3%
Investments
37.0
53.5
2.7
-30.9%
Cash and equivalents
257
198
102
+29.8%
Receivables
166
125
93.5
+32.3%
Inventory
99.4
97.0
73.4
+2.5%
Other assets
165
206
148
-20.0%
Total assets
1,516
1,095
767
+38.4%
10-K for the year ended 30 September 2019, filed 17 December 2019: the filing.