Azenta Fiscal Q4 Adjusted Earnings Rise, Revenue Declines; Issues Fiscal 2025 Guidance

MT Newswires Live

2024-11-13

Azenta (AZTA) reported late Tuesday fiscal Q4 adjusted earnings of $0.18 per diluted share, up from $0.13 a year earlier.

Analysts polled by Capital IQ expected $0.11.

Revenue for the quarter ended Sept. 30 was $170.1 million, down from $172.4 million a year earlier.

Analysts polled by Capital IQ expected $169.8 million.

The company expects fiscal 2025 organic revenue from continuing operations, excluding B Medical Systems, to grow 3% to 5% from fiscal 2024.

Azenta is pursuing a sale of the B Medical Systems segment, a manufacturer and distributor of medical refrigeration devices, to simplify the company's portfolio, it said.

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