0-25434 | 04-3040660 | |
(Commission File Number) | (IRS Employer Identification No.) | |
15 Elizabeth Drive, Chelmsford, MA | 01824 | |
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | 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 | ||||||||
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS | ||||||||
SIGNATURES | ||||||||
EXHIBIT INDEX | ||||||||
Ex-99.1 | ||||||||
Ex-99.2 |
99.1 | Press release issued on November 10, 2011 by Brooks Automation, Inc. |
|||
99.2 | Investor Conference Call Slide Presentation. |
BROOKS AUTOMATION, INC. |
||||
/s/ Jason Joseph | ||||
Jason Joseph | ||||
Vice President, General Counsel and Secretary | ||||
| Grew Revenue to $688.1 Million an Increase of 16% from Last Year | ||
| Achieved Record Cash Flow from Operating Activities of $87.6 Million | ||
| Cash, Cash Equivalents and Marketable Securities as of September 30th were $205.8 million, or $3.17 per diluted share with no Debt | ||
| GAAP Diluted earnings per share were $1.97 for the full year | ||
| Adjusted EBITDA Increased 48% to $111.2 Million | ||
| Sold Lower Margin Contract Manufacturing Business | ||
| Successfully Diversified Business with Creation of Higher Margin Life Science Systems Platform | ||
| Generated 79 Design-in-Wins with OEM Customers Forging Continued Market Share Gains |
September 30, | September 30, | |||||||
2011 | 2010 | |||||||
ASSETS |
||||||||
Current assets |
||||||||
Cash and cash equivalents |
$ | 58,833 | $ | 59,823 | ||||
Restricted cash |
1,293 | | ||||||
Marketable securities |
65,695 | 49,011 | ||||||
Accounts receivable, net |
76,701 | 92,273 | ||||||
Inventories, net |
107,654 | 115,787 | ||||||
Prepaid expenses and other current assets |
10,348 | 10,437 | ||||||
Total current assets |
320,524 | 327,331 | ||||||
Property, plant and equipment, net |
68,596 | 63,669 | ||||||
Long-term marketable securities |
81,290 | 33,593 | ||||||
Goodwill |
84,727 | 48,138 | ||||||
Intangible assets, net |
44,314 | 11,123 | ||||||
Equity investment in joint ventures |
34,612 | 31,746 | ||||||
Other assets |
2,557 | 2,624 | ||||||
Total assets |
$ | 636,620 | $ | 518,224 | ||||
LIABILITIES AND EQUITY |
||||||||
Current liabilities |
||||||||
Accounts payable |
$ | 40,199 | $ | 65,734 | ||||
Deferred revenue |
14,073 | 4,365 | ||||||
Accrued warranty and retrofit costs |
7,438 | 8,195 | ||||||
Accrued compensation and benefits |
17,288 | 13,677 | ||||||
Accrued restructuring costs |
293 | 3,509 | ||||||
Accrued income taxes payable |
4,015 | 1,040 | ||||||
Accrued expenses and other current liabilities |
12,433 | 11,635 | ||||||
Total current liabilities |
95,739 | 108,155 | ||||||
Income taxes payable |
11,728 | 12,446 | ||||||
Long-term pension liability |
7,161 | 5,466 | ||||||
Other long-term liabilities |
3,394 | 2,805 | ||||||
Total liabilities |
118,022 | 128,872 | ||||||
Commitments and contingencies |
||||||||
Equity |
||||||||
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no
shares issued and outstanding at September 30, 2011 and 2010 |
| | ||||||
Common stock, $0.01 par value, 125,000,000 shares authorized,
79,737,189 shares issued and 66,275,320 shares outstanding at September
30, 2011, 78,869,331 shares issued and 65,407,462 shares outstanding at
September 30, 2010 |
797 | 789 | ||||||
Additional paid-in capital |
1,809,287 | 1,803,121 | ||||||
Accumulated other comprehensive income |
19,480 | 19,510 | ||||||
Treasury stock at cost, 13,461,869 shares at September 30, 2011 and 2010 |
(200,956 | ) | (200,956 | ) | ||||
Accumulated deficit |
(1,110,599 | ) | (1,233,649 | ) | ||||
Total Brooks Automation, Inc. stockholders equity |
518,009 | 388,815 | ||||||
Noncontrolling interest in subsidiaries |
589 | 537 | ||||||
Total equity |
518,598 | 389,352 | ||||||
Total liabilities and equity |
$ | 636,620 | $ | 518,224 | ||||
Three months ended | Twelve months ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Revenues |
||||||||||||||||
Product |
$ | 108,334 | $ | 165,340 | $ | 611,117 | $ | 531,807 | ||||||||
Services |
22,617 | 16,292 | 76,988 | 61,165 | ||||||||||||
Total revenues |
130,951 | 181,632 | 688,105 | 592,972 | ||||||||||||
Cost of revenues |
||||||||||||||||
Product |
68,677 | 113,909 | 411,610 | 377,466 | ||||||||||||
Services |
15,216 | 12,529 | 53,474 | 49,211 | ||||||||||||
Total cost of revenues |
83,893 | 126,438 | 465,084 | 426,677 | ||||||||||||
Gross profit |
47,058 | 55,194 | 223,021 | 166,295 | ||||||||||||
Operating expenses |
||||||||||||||||
Research and development |
11,481 | 8,043 | 39,846 | 31,162 | ||||||||||||
Selling, general and administrative |
28,143 | 24,576 | 102,542 | 85,597 | ||||||||||||
Restructuring charges |
479 | 235 | 1,036 | 2,529 | ||||||||||||
Total operating expenses |
40,103 | 32,854 | 143,424 | 119,288 | ||||||||||||
Operating income |
6,955 | 22,340 | 79,597 | 47,007 | ||||||||||||
Interest income |
267 | 307 | 1,153 | 1,121 | ||||||||||||
Interest expense |
(26 | ) | (46 | ) | (65 | ) | (80 | ) | ||||||||
Sale of intellectual property rights |
| | | 7,840 | ||||||||||||
Sale of contract manufacturing business |
| | 45,009 | | ||||||||||||
Loss on investment |
| | | (191 | ) | |||||||||||
Other income, net |
397 | 662 | 1,882 | 367 | ||||||||||||
Income from operations before income taxes and equity
in earnings of joint ventures |
7,593 | 23,263 | 127,576 | 56,064 | ||||||||||||
Income tax provision (benefit) |
(3,369 | ) | (527 | ) | 1,954 | (2,746 | ) | |||||||||
Income from operations before equity in earnings of
joint ventures |
10,962 | 23,790 | 125,622 | 58,810 | ||||||||||||
Equity in earnings of joint ventures |
1,164 | 518 | 2,782 | 215 | ||||||||||||
Net income |
12,126 | 24,308 | 128,404 | 59,025 | ||||||||||||
Add: Net income attributable to noncontrolling interests |
(28 | ) | (132 | ) | (52 | ) | (43 | ) | ||||||||
Net income attributable to Brooks Automation, Inc. |
$ | 12,098 | $ | 24,176 | $ | 128,352 | $ | 58,982 | ||||||||
Basic net income per share attributable to Brooks
Automation, Inc. common stockholders |
$ | 0.19 | $ | 0.38 | $ | 1.99 | $ | 0.92 | ||||||||
Diluted net income per share attributable to Brooks
Automation, Inc. common stockholders |
$ | 0.19 | $ | 0.38 | $ | 1.97 | $ | 0.92 | ||||||||
Shares used in computing income per share |
||||||||||||||||
Basic |
64,750 | 64,068 | 64,549 | 63,777 | ||||||||||||
Diluted |
65,118 | 64,330 | 65,003 | 64,174 |
Year Ended September 30, | ||||||||
2011 | 2010 | |||||||
Cash flows from operating activities |
||||||||
Net income |
$ | 128,404 | $ | 59,025 | ||||
Adjustments to reconcile net income to net cash provided by
operating activities: |
||||||||
Depreciation and amortization |
17,249 | 18,420 | ||||||
Sale of intellectual property rights |
| (7,840 | ) | |||||
Stock-based compensation |
6,752 | 6,567 | ||||||
Amortization of premium on marketable securities |
2,283 | 942 | ||||||
Undistributed earnings of joint ventures |
(383 | ) | (215 | ) | ||||
Sale of contract manufacturing business |
(45,009 | ) | | |||||
Loss on disposal of long-lived assets |
10 | 4 | ||||||
Loss on investment |
| 191 | ||||||
Changes in operating assets and liabilities, net of acquisitions
and disposals: |
||||||||
Accounts receivable |
9,916 | (53,163 | ) | |||||
Inventories |
(19,131 | ) | (31,341 | ) | ||||
Prepaid expenses and other current assets |
1,806 | (499 | ) | |||||
Accounts payable |
(15,099 | ) | 39,352 | |||||
Deferred revenue |
1,841 | 1,487 | ||||||
Accrued warranty and retrofit costs |
(1,420 | ) | 2,483 | |||||
Accrued compensation and benefits |
2,036 | (913 | ) | |||||
Accrued restructuring costs |
(3,212 | ) | (4,123 | ) | ||||
Accrued expenses and other current liabilities |
1,607 | (2,505 | ) | |||||
Net cash provided by operating activities |
87,650 | 27,872 | ||||||
Cash flows from investing activities |
||||||||
Purchases of property, plant and equipment |
(6,455 | ) | (3,472 | ) | ||||
Purchases of marketable securities |
(186,718 | ) | (117,473 | ) | ||||
Sale/maturity of marketable securities |
120,095 | 84,546 | ||||||
Increase in restricted cash |
(1,293 | ) | | |||||
Proceeds from the sale of the contract manufacturing business |
78,249 | | ||||||
Acquisitions, net of cash acquired |
(88,309 | ) | | |||||
Proceeds from the sale of intellectual property rights |
| 7,840 | ||||||
Purchase of intangible assets |
| (892 | ) | |||||
Other |
181 | 243 | ||||||
Net cash used in investing activities |
(84,250 | ) | (29,208 | ) | ||||
Cash flows from financing activities |
||||||||
Issuance of common stock under stock option and stock purchase plans |
1,358 | 1,245 | ||||||
Common stock dividend paid |
(5,180 | ) | | |||||
Net cash provided by (used in) financing activities |
(3,822 | ) | 1,245 | |||||
Effects of exchange rate changes on cash and cash equivalents |
(568 | ) | (71 | ) | ||||
Net decrease in cash and cash equivalents |
(990 | ) | (162 | ) | ||||
Cash and cash equivalents, beginning of year |
59,823 | 59,985 | ||||||
Cash and cash equivalents, end of year |
$ | 58,833 | $ | 59,823 | ||||
Quarter ended | ||||||||||||||||||||||||
September 30, 2011 | June 30, 2011 | September 30, 2010 | ||||||||||||||||||||||
$ | per share | $ | per share | $ | per share | |||||||||||||||||||
Net income attributable to Brooks Automation, Inc. |
$ | 12,098 | $ | 0.19 | $ | 66,183 | $ | 1.02 | $ | 24,176 | $ | 0.38 | ||||||||||||
Purchase accounting impact on contracts acquired |
957 | 0.01 | 313 | 0.00 | | | ||||||||||||||||||
Restructuring charges |
479 | 0.01 | 97 | 0.00 | 235 | 0.00 | ||||||||||||||||||
Gain on sale of contract manufacturing, net of tax |
| | (42,588 | ) | (0.65 | ) | | | ||||||||||||||||
Merger costs |
719 | 0.01 | | | | | ||||||||||||||||||
Inventory charges recorded for acquistions |
625 | 0.01 | | | | | ||||||||||||||||||
Litigation settlement |
| | (664 | ) | (0.01 | ) | | | ||||||||||||||||
One-time tax benefit |
(2,758 | ) | (0.04 | ) | | | | | ||||||||||||||||
Adjusted net income attributable to Brooks Automation, Inc. |
12,120 | 0.19 | 23,341 | 0.36 | 24,411 | 0.38 | ||||||||||||||||||
Stock-based compensation |
1,541 | 0.02 | 1,595 | 0.02 | 1,678 | 0.03 | ||||||||||||||||||
Adjusted net income attributable to Brooks Automation,
Inc. excluding stock-based compensation |
$ | 13,661 | $ | 0.21 | $ | 24,936 | $ | 0.38 | $ | 26,089 | $ | 0.41 | ||||||||||||
Year ended | ||||||||||||||||
September 30, 2011 | September 30, 2010 | |||||||||||||||
$ | per share | $ | per share | |||||||||||||
Net income attributable to Brooks Automation, Inc. |
$ | 128,352 | $ | 1.97 | $ | 58,982 | $ | 0.92 | ||||||||
Purchase accounting impact on contracts acquired |
1,270 | 0.02 | | | ||||||||||||
Restructuring charges |
1,036 | 0.02 | 2,529 | 0.04 | ||||||||||||
Gain on sale of contract manufacturing, net of tax |
(42,588 | ) | (0.66 | ) | | | ||||||||||
Merger costs |
719 | 0.01 | | | ||||||||||||
Inventory charges recorded for acquisitions |
625 | 0.01 | | | ||||||||||||
Litigation settlement |
(664 | ) | (0.01 | ) | | | ||||||||||
Sale of intellectual property rights, net of tax |
| | (7,730 | ) | (0.12 | ) | ||||||||||
Loss on investment |
| | 191 | 0.00 | ||||||||||||
One-time income tax benefit |
(2,758 | ) | (0.04 | ) | (3,899 | ) | (0.06 | ) | ||||||||
Adjusted net income attributable to Brooks Automation, Inc. |
85,992 | 1.32 | 50,073 | 0.78 | ||||||||||||
Stock-based compensation |
6,752 | 0.10 | 6,567 | 0.10 | ||||||||||||
Adjusted net income attributable to Brooks Automation,
Inc. excluding stock-based compensation |
$ | 92,744 | $ | 1.43 | $ | 56,640 | $ | 0.88 | ||||||||
Quarter ended | Year ended | |||||||||||||||||||
Sep 30, | June 30, | Sep 30, | Sep 30, | Sep 30, | ||||||||||||||||
2011 | 2011 | 2010 | 2011 | 2010 | ||||||||||||||||
Net income attributable to Brooks Automation, Inc. |
$ | 12,098 | $ | 66,183 | $ | 24,176 | 128,352 | 58,982 | ||||||||||||
Less: Interest income |
(267 | ) | (350 | ) | (307 | ) | (1,153 | ) | (1,121 | ) | ||||||||||
Add: Interest expense |
26 | 10 | 46 | 65 | 80 | |||||||||||||||
Add: Income tax provision (benefit) |
(3,369 | ) | 3,300 | (527 | ) | 1,954 | (2,746 | ) | ||||||||||||
Add: Depreciation |
3,177 | 2,990 | 3,419 | 12,621 | 14,563 | |||||||||||||||
Add: Amortization of completed technology |
718 | 539 | 479 | 2,216 | 1,887 | |||||||||||||||
Add: Amortization of acquired intangible assets |
1,018 | 495 | 493 | 2,412 | 1,970 | |||||||||||||||
Add: Stock-based compensation |
1,541 | 1,595 | 1,678 | 6,752 | 6,567 | |||||||||||||||
Add: Restructuring charges |
479 | 97 | 235 | 1,036 | 2,529 | |||||||||||||||
Add: Loss on investment |
| | | | 191 | |||||||||||||||
Add: Purchase accounting impact on contracts acquired |
957 | 313 | | 1,270 | | |||||||||||||||
Add: Merger costs |
719 | | | 719 | | |||||||||||||||
Add: Inventory charges recorded for acquisitions |
625 | | | 625 | | |||||||||||||||
Less: Gain on sale of contract manufacturing, pre-tax |
| (45,009 | ) | | (45,009 | ) | | |||||||||||||
Less: Litigation settlement |
| (664 | ) | | (664 | ) | | |||||||||||||
Less: Sale of intellectual property rights, pre-tax |
| | | | (7,840 | ) | ||||||||||||||
Adjusted EBITDA |
$ | 17,722 | $ | 29,499 | $ | 29,692 | $ | 111,196 | $ | 75,062 | ||||||||||
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 1 4th Quarter Fiscal 2011 Financial Results Conference Call November 10, 2011 |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 2 Safe Harbor Statement "Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995; certain matters in this presentation, including forecasts of future demand and future Company performance, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to materially differ, either better or worse, from those projected. Further discussions of risk factors are available in the Company's most recent SEC filings including form 10-K for the fiscal year ended 9/30/10. The Company assumes no obligation to update the information in this presentation. Regulation G This presentation contains certain non-GAAP measures which are provided to assist in an understanding of the Brooks business and it's operational performance. These measures should always be considered in conjunction with the appropriate GAAP measure. Reconciliations of all non-GAAP amounts to the relevant GAAP amount are provided in either an attachment to our fourth quarter financial results press release issued on November 10, 2011 or as an attachment to call slides used to accompany prepared comments made during our financial results conference call of the same date. Both documents are available on our web site at www.brooks.com. |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 3 Significant events reflected in September quarter financials Acquisition of Nexus Biosystems effective July 28. Integration and restructuring commenced to create Brooks Life Science Systems Significant slow down in Semiconductor, LED equipment and Data Storage equipment demand Enhanced product development investment capabilities Initiation of substantial supply chain initiatives Substantial favorable resolution of prior year foreign tax uncertainties |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 4 Revenue and Operating Profits Waterfall 3rd Quarter Fiscal 2011 $ 186.1 $22.6 Contract manufacturing divestiture ( 42.3) ( 2.0) Brooks Life Science Systems 6.3 ( 1.5) Brooks Global Services 1.4 0.7 Brooks Product Solutions ( 20.5) ( 7.6) Increased investment in BPS engineering ( 0.8) Consulting and other initatives ( 1.7) 4th Quarter Fiscal 2011 $ 131.0 $ 9.7 Revenues Operating Profit before Special Charges $ millions |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 5 Business transformation impacts Income Statement ratios $ millions Q3FY11 Q4FY11 Change Revenues $ 186.1 $ 131.0 $ ( 55.1) Gross Profit, (excluding acquisition accounting)* 57.3 48.6 (8.7) Gross Margin % 30.8% 37.1% 6.3% Research & development 10.0 11.5 (1.5) Selling, general & administrative 24.7 27.4 (2.7) Operating Income (before special charges)* $ 22.6 $ 9.7 $ (12.9) * Non -GAAP measure See www.brooks.com for reconciliation to the appropriate GAAP measure |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 6 Significant Impact of Non-recurring Items $ millions Q3FY11 Q4FY11 Change Revenues $ 186.1 $ 131.0 $( 55.1) Operating profit (before special charges)* 22.6 9.7 ( 12.9) Special charges* (0.4) 0.0 0.4 After-tax gain on sale of business* 42.6 0.0 ( 42.6) Other items 1.4 0.7 ( 0.7) Income tax benefit (provision), excluding non-recurring items* (0.9) 0.6 1.5 Minorities & joint venture earnings 0.9 1.1 0.2 Net Income Attributable to Brooks $ 66.2 $ 12.1 $ 54.1 GAAP DEPS $ 1.02 $ 0.19 $(0.83) Adjusted DEPS * $ 0.36 $ 0.19 $(0.17) * Non -GAAP measure See www.brooks.com for reconciliation to the appropriate GAAP measure |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 7 Strong Full Year Performance $ millions FY10 FY11 Change Revenues $ 593.0 $ 688.1 $ 95.1 Gross profit (before special charges)* Margin% to sales 166.3 28.0% 224.9 32.7% 58.6 4.7% Operating profit (before special charges)* 49.5 83.2 33.7 Non-recurring gains, net of special charges* 8.9 42.5 33.6 Other non-operating items, net 1.6 5.1 3.5 Income tax (provision), excl special charges* ( 1.0) ( 2.4) ( 1.4) Net Income Attributable to Brooks $ 59.0 $ 128.4 $ 69.4 GAAP DEPS $ 0.92 $ 1.97 $ 1.05 Adjusted DEPS * $ 0.78 $ 1.32 $ 0.54 * Non -GAAP measure See www.brooks.com for reconciliation to the appropriate GAAP measure |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 8 Cash and Cash flow Adjusted EBITDA * $ 17.7 Restructuring Cash Flow ( 0.3) Reduction in accounts receivable 10.4 Increase in inventories ( 7.9) Other working capital ( 2.4) Capital expenditures ( 2.3) Dividends ( 5.1) M & A activity, net ( 86.7) Net Change in Cash and Marketable securities ( 77.6) Cash and Marketable securities at September 30 $ 205.8 FY11 Q4 $ millions * Non -GAAP measure See www.brooks.com for reconciliation to the appropriate GAAP measure |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 9 Diversification and Dilution of Customer Exposures # of >10% Customers 3 0 % of Business to Top 3 Customers 46% 19% FY10 Q4 FY11 Q4 Semi front end products BGS Industrial Life Sciences Other adjacencies East 0.467 0.183 0.168 0.068 0.114 47% 18% 11% 17% F Y 1 1 Q 4 7% |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 10 Brooks Life Science Systems Reconciliation of GAAP to underlying performance $ millions Q4FY11 GAAP Adjust-ments Q4FY11 Non-GAAP Comments Revenues $ 8.5 $ 0.5 $ 9.0 Adjustment for fair value accounting on contracts acquired Gross Profit 1.6 1.9 3.5 39% underlying gross margin - low margins on certain new product introductions Operating Expenses 5.0 0.0 5.0 Modest restructuring benefits in the fourth quarter Segment Operating Loss $( 3.4) $( 1.5) |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 11 Brooks Product Solutions Sequential Performance $ millions Q3FY11 Q4FY11 Comments on Sequential Trends Revenues $ 119.1 $ 98.5 Semiconductor product revenues down 27% Gross Profit 44.4 36.7 Margin of 37.3% flat with prior quarter Operating Expenses 25.7 28.7 Increased engineering and operations consulting costs Segment Operating Income $ 18.7 $ 8.0 8.2% operating margin |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 12 Brooks Global Services Sequential Performance $ millions Q3FY11 Q4FY11 Comments on Sequential Trends Revenues $ 22.6 $ 23.9 Robot service growth net of end-user spares decline Gross Profit 7.9 8.7 Gross margin increases to 36.2% with favorable business mix Operating Expenses 4.4 4.5 Segment Operating Income $ 3.5 $ 4.2 17.6% operating margin |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 13 Revenue, Margin & Earnings Guidance $ millions Q4FY11 Q1FY12 Comments on Sequential Trends Revenues $ 130.9 $112.0 - $122.0 Continued semi-conductor product and spares declines. Full quarter of Nexus in Life Science Systems Adjusted DEPS * $ 0.19 $ 0.01 - $0.06 Higher income taxes, adverse volume impact, unfavorable mix impacts * Non -GAAP measure. See www.brooks.com for reconciliation of historical measure to GAAP measure |
(c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 14 4th Quarter Fiscal 2011 Financial Results Conference Call November 10, 2011 |
GAAP to Non-GAAP Reconciliation - Q3 FY11 vs. Q4 FY11 |
GAAP to Non-GAAP Reconciliation - FY10 vs. FY11 (c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 16 |
Unaudited historical segment data, in thousands: (c) Copyright 2011 by Brooks Automation, Inc. - Proprietary Information 17 |
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