other material
confidence high
sentiment positive
materiality 0.75
Azenta Q4 rev $172M (+25%); guides FY24 5-8% organic growth; adds $500M buyback; board nominees
Azenta, Inc.
- Q4 revenue $172M (+25% YoY, +2% organic); FY revenue $665M (+20%, -1% organic).
- Non-GAAP diluted EPS from continuing ops Q4 $0.13 (vs $0.16); FY $0.31 (vs $0.51).
- FY2024 guidance: revenue $696-718M (5-8% organic growth), non-GAAP EPS $0.19-$0.29.
- Commits to additional $500M share repurchases in FY2024, completing $1.5B authorization; repurchased $839M in FY2023.
- Board refresh: nominates Didier Hirsch and Martin Madaus; two current directors not re-standing; Politan Capital withdraws slate.