Azenta (AZTA) FY2020 results: revenue $389 million, up 16.3% on the year
Azenta, Inc. (AZTA) reported revenue of $389 million for fiscal 2020, the year ended 30 September 2020, up 16.3% on the year before. Net income was $65 million, down 85.2%, and diluted earnings per share $0.88. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2020.
Revenue
$389 million
+16.3% on the year
FY2013FY2020
Operating margin
-9.4%
-14.2% a year earlier
FY2013FY2020
Net income
$65 million
-85.2% on the year
FY2013FY2020
Diluted EPS
$0.88
-85.4% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
389
334
632
+16.3%
Cost of revenue
216
200
385
+8.4%
Gross profit
172
135
246
+27.9%
Gross margin
44.3%
40.3%
39.0%
Research and development
17.8
17.3
46.9
+2.9%
Selling, general and administrative
190
163
167
+16.5%
Operating income
-36.6
-47.4
31.4
Operating margin
-9.4%
-14.2%
5.0%
Interest expense
2.9
22.2
9.5
-86.8%
Pre-tax income
-40.3
-84.0
20.5
Income tax
-13.9
-22.8
-47.3
Effective tax rate
n/a
n/a
-230.9%
Net income
64.9
437
117
-85.2%
Net margin
16.7%
130.9%
18.5%
Diluted EPS
$0.88
$6.04
$1.64
-85.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
37.9
90.9
74.0
-58.3%
Capital expenditure
39.9
23.9
12.8
+67.3%
Free cash flow
-2.1
67.0
61.2
Free cash flow margin
-0.5%
20.1%
9.7%
Cash from investing
-22.7
211
-148
Cash from financing
-27.0
-191
170
Depreciation and amortisation
65.5
54.5
37.4
+20.3%
Share-based compensation
16.3
20.1
19.8
-18.9%
Dividends paid
29.5
28.9
28.3
+2.1%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
74m
72m
71m
+2.0%
Shares outstanding at period end
74m
72m
71m
+2.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,214
1,139
718
+6.6%
Debt
50.4
51.1
196
-1.4%
Operating lease liabilities
18.9
n/a
n/a
Finance lease liabilities
0.3
n/a
n/a
Other liabilities
276
326
181
-15.4%
Total liabilities and equity
1,559
1,516
1,095
+2.8%
Fixed assets
n/a
101
60.0
Goodwill
453
441
256
+2.8%
Intangible assets
212
251
100.0
-15.5%
Investments
3.2
37.0
53.5
-91.5%
Cash and equivalents
251
257
198
-2.3%
Receivables
94.8
166
125
-42.8%
Inventory
37.1
99.4
97.0
-62.7%
Other assets
508
165
206
+208.3%
Total assets
1,559
1,516
1,095
+2.8%
10-K for the year ended 30 September 2020, filed 18 November 2020: the filing.