Brooks Automation

Azenta announced the immediate resignation of CEO, president and director John Marotta; the stock plunged intraday by about 10.4% from $37.40 to as low as $31.90. Dr. Martin Madaus will serve as interim CEO, and the search for a permanent successor is being handled by Heidrick & Struggles. The company confirmed its revenue guidance but announced a one-time consulting charge of about $3 million in adjusted EBITDA, which, together with leadership uncertainty, intensified downward pressure on the share price. » More on de.investing.com

Azenta reported Q3 fiscal 2026 revenue of $161 million, up 12% year over year and 9% organically, driven by recurring-revenue businesses and improved Multiomics performance. Adjusted EBITDA margin rose sequentially to 11.4% and non-GAAP EPS was $0.16, while the company held $529 million in cash and no debt. Management raised full-year revenue guidance to $613 million–$618 million and expects adjusted EBITDA of $59 million–$62 million, and repurchased $50 million of shares during the quarter. Operational actions include standardizing Automated Stores, cost reductions and modular product strategies to improve scalability and profitability. » More on finance.yahoo.com

Brooks Automation, a company specializing in robotics and software automation, is in talks with potential advisers about a possible initial public offering. The firm, backed by Thomas H. Lee Partners, was spun off in a $3 billion transaction in 2021/22. Brooks supplies robotic and automation platforms for semiconductor manufacturing, the life sciences and other high-tech industries and employs more than 2,000 people across about 14 countries. Discussions are ongoing and the details of any offering could still change. » More on de.investing.com