8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 8, 2014

BROOKS AUTOMATION, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware	0-25434	04-3040660
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

15 Elizabeth Drive, Chelmsford, MA	01824
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (978) 262-2400

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On May 8, 2014, Brooks Automation, Inc. (“Brooks” or the “Company”) announced via press release its financial results for the fiscal quarter ended March 31, 2014. A copy of the press release is attached hereto as Exhibit 99.1.

Limitation on Incorporation by Reference. The information in this Item 2.02 and in Item 9.01 of this Current Report, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Cautionary Note Regarding Forward-Looking Statements. Except for historical information contained in this press release attached as an exhibit hereto, the press release contains forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release regarding these forward-looking statements.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release issued on May 8, 2014 by Brooks Automation, Inc.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BROOKS AUTOMATION, INC.
	/s/ Jason W. Joseph
Date: May 8, 2014	Jason W. Joseph Vice President, General Counsel and Secretary

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION OF EXHIBITS
99.1	Press release issued on May 8, 2014 by Brooks Automation, Inc.

EX-99.1

Exhibit 99.1

Brooks Automation Reports Fiscal Second Quarter of 2014 Ended March 31, 2014 Results

CHELMSFORD, Mass., May 8, 2014 - Brooks Automation, Inc. (Nasdaq:BRKS), a leading worldwide provider of automation, vacuum and instrumentation solutions for multiple markets including semiconductor manufacturing and life sciences, today reported financial results for the fiscal second quarter ended March 31, 2014.

Fiscal Second Quarter of 2014 Financial and Operational Highlights:

• GAAP Revenue, excluding Granville-Phillips, was $125.9 million; non-GAAP Revenue including Granville-Phillips was $133.4 million;

• Total order bookings of $142.1 million;

• Record order bookings of $34 million in Life Science Systems;

• All 3 business segments achieved sequential and year-over-year revenue growth;

• GAAP Earnings Per Share was $0.05; non-GAAP Earnings Per Share was $0.08;

• Cash flow from operations was $27.2 million;

• Cash, Cash Equivalents and Marketable Securities as of March 31st were $192.2 million.

Summary of GAAP and Non-GAAP Earnings

	Quarter Ended
In thousands, except per share data	March 31,  2014		December 31,  2013		March 31,  2013
GAAP net income (loss) attributable to Brooks Automation, Inc.	$	3,189	$	3,448	$	(538	)
GAAP diluted earnings (loss) per share attributable to Brooks Automation, Inc.	$	0.05	$	0.05	$	(0.01	)
Non-GAAP net income attributable to Brooks Automation, Inc.	$	5,499	$	6,078	$	2,364
Non-GAAP diluted earnings per share attributable to Brooks Automation, Inc.	$	0.08	$	0.09	$	0.04

A reconciliation of non-GAAP measures to the most nearly comparable GAAP measure follows the consolidated balance sheets, statements of operations and statements of cash flows included in this release.

Management Comments

“Our momentum in the semiconductor and life sciences markets has continued, reflecting a company-wide focus to support and satisfy customers from development to delivery, as well as in service support. We surpassed our own revenue expectations in the quarter and realized record Life Science Systems bookings of $34 million. The biosample storage win with the UK Biobank was a crowning moment for our team, but even excluding this landmark win, the bookings in Life Sciences would have shown significant momentum. Revenue execution was strong in each segment and we believe our expanding portfolio of products will perform well in the coming quarters,” said Dr. Steve Schwartz, Chief Executive Officer of Brooks.

Dr. Schwartz continued, “In this quarter, we made further strides in strategically aligning ourselves around automation and cryogenic core technologies with solutions our customers deeply value. The pending sale of the Granville-Phillips business is expected to bring solid shareholder value, enabling investments in growth technologies and netting significant cash to the balance sheet. The March investment in BioCision and the DMS acquisition we announced last week, bring broader capabilities highly valued in each of our core market segments. We will continue on this path to strengthen both the semiconductor and life science businesses for profitable growth.”

Second Quarter of Fiscal 2014 Results

GAAP EPS for the second quarter was $0.05 per diluted share and non-GAAP EPS was $0.08. Earnings were in line with the Company’s prior guidance.

GAAP revenue for the second quarter of fiscal 2014 was $125.9 million for continuing operations. As required by GAAP, this excludes revenue from Granville-Phillips which has been categorized as a discontinued operation in both the current period and the comparative periods reported. When including revenue from Granville-Phillips, non-GAAP revenue for the March quarter was $133.4 million, an increase of $8.8 million or 7% compared to the first fiscal quarter. Sequential growth, including the Granville-Phillips business, was driven by a 9% increase in Product Solutions revenue and a 3% increase in Life Sciences revenue.

Total bookings in the second quarter were $142.1 million compared to $136.5 million in the first quarter. Life Sciences achieved a record bookings quarter of $34 million. This includes a notable booking with the UK Biobank for $15 million. The Life Sciences business now holds $46 million of 12 month backlog.

GAAP gross profit margin in the second quarter was 35.2% on continuing operations, an improvement of 30 basis points compared to the first fiscal quarter. The adjusted gross margin, including Granville-Phillips, was 36.6% or 60 basis points lower than the first fiscal quarter margin of 37.2%. This change was driven by a decline in Life Sciences from a quite favorable first quarter margin of 47% to 40.6% in the second quarter, which is still within the range of expectations for Life Sciences. The Product Solutions adjusted gross profit margin improved 20 basis points sequentially, although short of company expectations due to a lower mix of shipments. The segment did not see degradation in pricing or cost reduction momentum. Margin expansion remains a continued focus for the coming year.

Adjusted EBITDA, including Granville-Phillips, for the second quarter of fiscal 2014 was $15.0 million compared to $14.8 million in the first quarter of fiscal 2014.

Operating cash flow for the second quarter of fiscal 2014 was $27.2 million, which resulted in total cash, cash equivalents and marketable securities of $192.2 million at March 31, 2014. The cash balance does not yet reflect the proceeds from the pending sale of Granville-Phillips or the cash paid for the DMS acquisition, as neither transaction was completed by March 31. The Company’s cash increased $16.5 million in the second quarter after the issuance of the quarterly dividend, capital expenditures, and the $4 million equity investment in BioCision.

Quarterly Cash Dividend

The Company additionally announced that the Board of Directors has reiterated a dividend of $0.08 per share payable on June 27, 2014 to stockholders of record on June 6, 2014. Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors.

Guidance for Third Quarter of Fiscal 2014

The Company announced revenue and earnings guidance for the third quarter of fiscal 2014. Revenue, for Q3 continuing operations only, is expected to range between $115 and $119 million compared to $125.9 million in the second quarter. Non-GAAP earnings per diluted share, excluding special charges, intangibles amortization expense, and income from discontinued operations, are expected to range between $0.01 and $0.04. This guidance is for continuing operations which excludes income from Granville-Phillips which contributed $0.02 earnings per diluted share in the second quarter. The guidance also includes an anticipated net loss of $0.03 per diluted share from the recent DMS acquisition. DMS revenue will be minimal in the third quarter, begin to increase in the fourth quarter, and the Company expects DMS to be profitable on a non-GAAP basis in the first fiscal quarter of 2015.

Conference Call

Brooks management will webcast its second quarter earnings conference today at 4:30 p.m. Eastern Time to discuss the fiscal second quarter results and business highlights. During the call, Company management will respond to questions concerning, but not limited to, the Company’s financial performance, business conditions and industry outlook. Management’s responses could contain information that has not been previously disclosed.

The call will be broadcast live over the Internet and, together with presentation materials referenced on the call, will be hosted at the Investor Relations section of Brooks’ website at www.brooks.com, and will be archived online on this website for convenient on-demand replay. In addition, you may call 1-800-381-7839 (US & Canada only) or 1-212-231-2901 to listen to the live webcast.

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About Brooks Automation, Inc.

Brooks is a leading worldwide provider of automation and cryogenic solutions for multiple markets including semiconductor manufacturing and life sciences. Brooks’ technologies, engineering competencies and global service capabilities provide customers speed to market and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, Brooks has been a leading partner to the global semiconductor manufacturing market and, through product development initiatives and strategic business acquisitions, has expanded offerings to meet the needs of customers in the life sciences industry, analytical & research markets and clean energy solutions. Brooks is headquartered in Chelmsford, MA, with direct operations in North America, Europe and Asia.

For more information, visitwww.brooks.com.

CONTACT:	Lynne Yassemedis Brooks Automation, Inc. 978-262-4443 lynne.yassemedis@brooks.com
	John Mills Senior Managing Director ICR, LLC 310-954-1105 john.mills@icrinc.com

“Safe Harbor Statement” under Section 21E of the Securities Exchange Act of 1934

Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Brooks’ financial and business results to differ materially from our expectations. They are based on the facts known to management at the time they are made. These forward-looking statements include statements regarding our revenue and operating margin expectations, our ability to develop further our business in new and adjacent markets, and our ability to achieve financial success in the future. Factors that could cause results to differ from our expectations include the following: volatility of the industries the Company serves, particularly the semiconductor industry; our possible inability to meet demand for our products due to difficulties in obtaining components and materials from our suppliers in required quantities and of required quality; the inability of customers to make payments to us when due; the timing and effectiveness of cost reduction and cost control measures; price competition; disputes concerning intellectual property; continuing uncertainties in global political and economic conditions, and other factors and other risks that we have described in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K, current reports on Form 8-K and our quarterly reports on Form 10-Q. As a result we can provide no assurance that our future results will not be materially different from those projected. Brooks expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based. Brooks undertakes no obligation to update the information contained in this press release.

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BROOKS AUTOMATION, INC.

CONSOLIDATED BALANCE SHEETS

(unaudited)

(In thousands, except share and per share data)

	March 31, 2014			September 30, 2013
Assets
Current assets
Cash and cash equivalents	$	85,281		$	82,971
Restricted cash	—			177
Marketable securities	50,274			45,900
Accounts receivable, net	83,440			77,483
Inventories	93,750			94,411
Deferred tax assets	16,082			16,839
Assets held for sale	28,023			27,778
Prepaid expenses and other current assets	12,489			9,030
Total current assets	369,339			354,589
Property, plant and equipment, net	52,759			47,506
Long-term marketable securities	56,668			44,491
Long-term deferred tax assets	97,422			99,146
Goodwill	97,863			97,924
Intangible assets, net	55,124			60,088
Equity method investments	30,342			25,687
Other assets	7,704			7,332
Total assets	$	767,221		$	736,763
Liabilities and equity
Current liabilities
Accounts payable	$	35,672		$	35,392
Capital lease obligation	881			—
Deferred revenue	33,116			19,610
Accrued warranty and retrofit costs	6,319			7,260
Accrued compensation and benefits	16,992			14,225
Accrued restructuring costs	1,552			1,412
Accrued income taxes payable	1,246			1,077
Liabilities held for sale	107			132
Accrued expenses and other current liabilities	16,979			13,453
Total current liabilities	112,864			92,561
Long-term capital lease obligation	7,656			—
Long-term tax liabilities	7,673			7,036
Long-term pension liability	837			815
Other long-term liabilities	3,790			3,695
Total liabilities	132,820			104,107
Equity
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding	—			—
Common stock, $0.01 par value, 125,000,000 shares authorized, 80,268,132 shares issued and 66,806,263 shares outstanding at March 31, 2014, 80,039,104 shares issued and 66,577,235 shares outstanding at September 30, 2013	803			800
Additional paid-in capital	1,831,802			1,825,499
Accumulated other comprehensive income	21,873			22,604
Treasury stock at cost, 13,461,869 shares	(200,956		)	(200,956		)
Accumulated deficit	(1,019,945		)	(1,015,991		)
Total Brooks Automation, Inc. stockholders’ equity	633,577			631,956
Noncontrolling interest in subsidiaries	824			700
Total equity	634,401			632,656
Total liabilities and equity	$	767,221		$	736,763

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BROOKS AUTOMATION, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(In thousands, except per share data)

	Three months ended March 31,						Six months ended March 31,
	2014			2013			2014			2013
Revenue
Product	$	102,534		$	88,652		$	195,664		$	159,680
Services	23,366			20,830			47,308			41,308
Total revenue	125,900			109,482			242,972			200,988
Cost of revenue
Product	64,786			60,685			125,522			111,645
Services	16,816			15,714			32,261			29,979
Total cost of revenue	81,602			76,399			157,783			141,624
Gross profit	44,298			33,083			85,189			59,364
Operating expenses
Research and development	12,493			11,333			25,044			22,237
Selling, general and administrative	28,637			24,169			54,772			49,324
Restructuring and other charges	772			751			1,519			5,441
Total operating expenses	41,902			36,253			81,335			77,002
Operating income (loss)	2,396			(3,170		)	3,854			(17,638		)
Interest income	258			265			504			540
Interest expense	—			—			—			(1		)
Other income (expense), net	56			77			315			(16		)
Income (loss) before income taxes and equity in earnings (losses) of equity method investments	2,710			(2,828		)	4,673			(17,115		)
Income tax provision (benefit)	1,117			327			1,910			(3,559		)
Income (loss) before equity in earnings (losses) of equity method investments	1,593			(3,155		)	2,763			(13,556		)
Equity in earnings (losses) of equity method investments	510			(10		)	1,259			(16		)
Income (loss) from continuing operations	2,103			(3,165		)	4,022			(13,572		)
Income from discontinued operations, net of tax	1,162			2,654			2,739			3,842
Net income (loss)	3,265			(511		)	6,761			(9,730		)
Net income attributable to noncontrolling interests	(76		)	(27		)	(124		)	(44		)
Net income (loss) attributable to Brooks Automation, Inc.	$	3,189		$	(538	)	$	6,637		$	(9,774	)
Basic net income (loss) per share attributable to Brooks Automation, Inc. common stockholders:
Net income (loss) from continuing operations	$	0.03		$	(0.05	)	$	0.06		$	(0.21	)
Net income from discontinued operations, net of tax	0.02			0.04			0.04			0.06
Basic net income (loss) per share attributable to Brooks Automation, Inc.	$	0.05		$	(0.01	)	$	0.10		$	(0.15	)
Diluted net income (loss) per share attributable to Brooks Automation, Inc. common stockholders:
Net income (loss) from continuing operations	$	0.03		$	(0.05	)	$	0.06		$	(0.21	)
Net income from discontinued operations, net of tax	0.02			0.04			0.04			0.06
Diluted net income (loss) per share attributable to Brooks Automation, Inc.	$	0.05		$	(0.01	)	$	0.10		$	(0.15	)
Dividend declared per share	$	0.08		$	0.08		$	0.16		$	0.16
Shares used in computing earnings (loss) per share:
Basic	66,646			65,889			66,499			65,726
Diluted	67,505			65,889			67,383			65,726

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BROOKS AUTOMATION, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(In thousands)

	Six months ended March 31,
	2014			2013
Cash flows from operating activities
Net income (loss)	$	6,761		$	(9,730	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	11,170			12,443
Impairment of assets	398			—
Stock-based compensation	6,516			5,010
Amortization of premium on marketable securities	610			661
Undistributed (earnings) losses of equity method investments	(1,259		)	16
Deferred income tax provision (benefit)	2,269			(3,387		)
Pension settlement	—			87
Loss (gain) on disposal of long-lived assets	39			(150		)
Changes in operating assets and liabilities, net of acquisitions and disposals:
Accounts receivable	(6,057		)	9,489
Inventories	276			13,734
Prepaid expenses and other current assets	1,546			(4,305		)
Accounts payable	248			(3,260		)
Deferred revenue	13,408			3,711
Accrued warranty and retrofit costs	(951		)	(1,154		)
Accrued compensation and benefits	2,730			(2,702		)
Accrued restructuring costs	141			195
Accrued expenses and other current liabilities	(2,194		)	(3,914		)
Net cash provided by operating activities	35,651			16,744
Cash flows from investing activities
Purchases of property, plant and equipment	(2,696		)	(1,578		)
Purchases of marketable securities	(63,561		)	(39,269		)
Sale/maturity of marketable securities	46,551			98,178
Other investment	(4,000		)	—
Acquisition, net of cash acquired	—			(59,005		)
Proceeds from the sale of property, plant and equipment	—			2,368
Payment of deferred leasing cost	—			(2,076		)
Decrease in restricted cash	177			763
Net cash used in investing activities	(23,529		)	(619		)
Cash flows from financing activities
Proceeds from issuance of common stock, net of issuance costs	967			969
Common stock dividend paid	(10,800		)	(10,672		)
Net cash used in financing activities	(9,833		)	(9,703		)
Effects of exchange rate changes on cash and cash equivalents	21			(940		)
Net increase in cash and cash equivalents	2,310			5,482
Cash and cash equivalents, beginning of period	82,971			54,639
Cash and cash equivalents, end of period	$	85,281		$	60,121
Supplemental disclosure of non-cash investing and financing activities:
Acquisition of buildings and land through capital lease	$	8,537		$	—

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Notes on Non-GAAP Financial Measures:

The information in this press release is for: internal managerial purposes; when publicly providing guidance on future results; and as a means to evaluate period-to-period comparisons. These financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management believes these financial measures provide an additional way of viewing aspects of our operations, that, when viewed with our GAAP results and the accompanying reconciliations to the corresponding GAAP financial measures, provide a more complete understanding of our business. Management strongly encourages investors to review our financial statements and publicly-filed reports in their entirety and not rely on any single measure.

The press release includes financial measures which exclude the effects of special charges such as restructuring charges and acquisition related charges. Management believes these measures are useful to investors because it eliminates accounting charges that do not reflect Brooks' day-to-day operations. Tables reconciling GAAP to the non-GAAP measures are presented below.

	Quarter Ended						Six Months Ended
	March 31,		December 31,		March 31,		March 31,		March 31,
Dollars in thousands	2014		2013		2013		2014		2013
Revenue	$	125,900	$	117,072	$	109,482	$	242,972	$	200,988
Adjustments:
Revenue from discontinued operations	7,453		7,515		7,137		14,968		13,656
Adjusted revenue	$	133,353	$	124,587	$	116,619	$	257,940	$	214,644

					Quarter Ended
	March 31, 2014				December 31, 2013				March 31, 2013
Dollars in thousands, except per share data	$		per diluted share		$		per diluted share		$			per diluted share
Net income (loss) attributable to Brooks Automation, Inc.	$	3,189	$	0.05	$	3,448	$	0.05	$	(538	)	$	(0.01	)
Adjustments, net of tax:
Purchase accounting impact on inventory and contracts acquired	79		0.00		150		0.00		579			0.01
Amortization of intangible assets	1,584		0.02		1,713		0.03		1,764			0.03
Impairment of intangible assets	—		—		259		0.00		—			—
Restructuring charges	526		0.01		508		0.01		553			0.01
Merger costs	121		0.00		—		—		6			0.00
Adjusted net income attributable to Brooks Automation, Inc.	5,499		0.08		6,078		0.09		2,364			0.04
Income from discontinued operations, net of tax	1,162		0.02		1,577		0.02		2,654			0.04
Net income (loss) attributable to continuing operations	4,337		0.06		4,501		0.07		(290		)	—
Stock-based compensation	3,795		0.06		2,723		0.04		2,458			0.04
Adjusted net income attributable to continuing operations - excluding stock-based compensation	$	8,132	$	0.12	$	7,224	$	0.11	$	2,168		$	0.03

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	Six Months Ended
	March 31, 2014				March 31, 2013
Dollars in thousands, except per share data	$		per diluted share		$			per diluted share
Net income (loss) attributable to Brooks Automation, Inc.	$	6,637	$	0.10	$	(9,774	)	$	(0.15	)
Adjustments, net of tax:
Purchase accounting impact on inventory and contracts acquired	229		0.00		2,092			0.03
Amortization of intangible assets	3,297		0.05		3,491			0.05
Impairment of intangible assets	259		0.00		—			—
Restructuring charges	1,034		0.02		3,978			0.06
Merger costs	121		0.00		462			0.01
Adjusted net income attributable to Brooks Automation, Inc.	11,577		0.17		249			—
Income from discontinued operations, net of tax	2,739		0.04		3,842			0.06
Net income (loss) attributable to continuing operations	8,838		0.13		(3,593		)	(0.05		)
Stock-based compensation	6,518		0.10		4,916			0.07
Adjusted net income attributable to continuing operations - excluding stock-based compensation	$	15,356	$	0.23	$	1,323		$	0.02

					Quarter Ended
	March 31, 2014				December 31, 2013				March 31, 2013
Dollars in thousands	$		%		$		%		$		%
Gross profit/gross margin percentage	$	44,298	35.2	%	$	40,891	34.9	%	$	33,083	30.2	%
Adjustments:
Amortization of intangible assets	914		0.7	%	1,117		1.0	%	1,041		1.0	%
Impairment of intangible assets	—		—	%	398		0.3	%	—		—	%
Purchase accounting impact on inventory and contracts acquired	122		0.1	%	230		0.2	%	805		0.7	%
Adjusted gross profit/gross margin percentage from continuing operations	45,334		36.0	%	42,636		36.4	%	34,929		31.9	%
Gross gross profit/gross margin percentage from discontinued operations	3,500		0.6	%	3,759		0.8	%	3,529		1.1	%
Adjusted gross profit/gross margin percentage attributable to Brooks Automation, Inc.	$	48,834	36.6	%	$	46,395	37.2	%	$	38,458	33.0	%

	Six Months Ended
	March 31, 2014				March 31, 2013
Dollars in thousands, except per share data	$		%		$		%
Gross profit/gross margin percentage	$	85,189	35.1	%	$	59,364	29.5	%
Adjustments:
Amortization of intangible assets	2,031		0.8	%	1,960		1.0	%
Impairment of intangible assets	398		0.2	%	—		—	%
Purchase accounting impact on inventory and contracts acquired	352		0.1	%	2,907		1.4	%
Adjusted gross profit/gross margin percentage from continuing operations	87,970		36.2	%	64,231		32.0	%
Gross gross profit/gross margin percentage from discontinued operations	7,259		0.7	%	6,672		1.0	%
Adjusted gross profit/gross margin percentage attributable to Brooks Automation, Inc.	$	95,229	36.9	%	$	70,903	33.0	%

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	Quarter Ended									Six Months Ended
	March 31,			December 31,			March 31,			March 31,			March 31,
Dollars in thousands	2014			2013			2013			2014			2013
Net income (loss) attributable to Brooks Automation, Inc.	$	3,189		$	3,448		$	(538	)	$	6,637		$	(9,774	)
Adjustments:
Less: Interest income	(258		)	(246		)	(265		)	(504		)	(540		)
Add: Interest expense	—			—			—			—			1
Add: Income tax provision (benefit)	1,780			1,700			(129		)	3,480			(3,799		)
Add: Depreciation	3,067			3,156			3,548			6,223			7,252
Add: Amortization of completed technology	914			1,117			1,041			2,031			2,226
Add: Amortization of customer relationships and acquired intangible assets	1,460			1,456			1,413			2,916			2,965
EBITDA attributable to Brooks Automation, Inc.	$	10,152		$	10,631		$	5,070		$	20,783		$	(1,669	)

	Quarter Ended									Six Months Ended
	March 31,			December 31,			March 31,			March 31,			March 31,
Dollars in thousands	2014			2013			2013			2014			2013
EBITDA attributable to Brooks Automation, Inc.	$	10,152		$	10,631		$	5,070		$	20,783		$	(1,669	)
Adjustments:
Add: Impairment of completed technology	—			398			—			398			—
Add: Stock-based compensation	3,762			2,754			2,499			6,516			5,010
Add: Restructuring charges	772			747			769			1,519			5,526
Add: Purchase accounting impact on inventory and contracts acquired	122			230			805			352			2,907
Add: Merger costs	181			—			8			181			642
Adjusted EBITDA attributable to Brooks Automation, Inc.	14,989			14,760			9,151			29,749			12,416
Less: Adjusted EBITDA from discontinued operations	(1,853		)	(2,582		)	(2,338		)	(4,435		)	(4,251		)
Adjusted EBITDA attributable to continuing operations	$	13,136		$	12,178		$	6,813		$	25,314		$	8,165

9