Azenta reports Q4 FY2024 revenue $170M; plans to sell B Medical; appoints Lawrence Lin CFO

Azenta, Inc.

2024-FY EPS reported -$3.09 revenue$656,323,000

FY2024 combined Sample Mgmt & Multiomics organic revenue grew 4%; Q4 organic growth 5%.
Full year Adjusted EBITDA margin expanded ~300 bps to 7.5%; FY2025 guidance: 3-5% organic revenue growth and ~300 bps margin expansion.
Board pursuing sale of B Medical Systems segment to simplify portfolio and focus on core businesses.
Lawrence Lin appointed CFO effective after FY2024 10-K filing; Herman Cueto to serve as advisor through Q1 FY2025.
Completed $1.5B share repurchase program, repurchasing 30M shares through September 2024.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Herman Cueto

Executive Vice President and Chief Financial Officer

AZTA · Azenta, Inc.

Successor: Lawrence Lin
Filed: November 12, 2024, 6:59 PM ET

Herman Cueto, who is departing from his role at the Company.

Appointed

Lawrence Lin

Executive Vice President and Chief Financial Officer

AZTA · Azenta, Inc.

Successor: Herman Cueto
Filed: November 12, 2024, 6:59 PM ET

appointed Lawrence Lin as its Executive Vice President and Chief Financial Officer, effective as of Effective Time

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Herman Cueto departed as Executive Vice President and Chief Financial Officer at Azenta, Inc..

Action: departing
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Herman Cueto, who is departing from his role at the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lawrence Lin was appointed as Executive Vice President and Chief Financial Officer at Azenta, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

appointed Lawrence Lin as its Executive Vice President and Chief Financial Officer, effective as of Effective Time

View on SEC.gov

Azenta, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-034563

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