Reported Q: Q4 2024 Rev YoY: -1.3% EPS YoY: -276.7% Move: +3.12%
Azenta Inc
AZTA
$28.72 3.12%
Exchange NASDAQ Sector Healthcare Industry Medical Instruments Supplies
Q4 2024
Published: Nov 27, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AZTA

Reported

Report Date

Nov 27, 2024

Quarter Q4 2024

Revenue

170.06M

YoY: -1.3%

EPS

-0.10

YoY: -276.7%

Market Move

+3.12%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $170.06M down 1.3% year-over-year
  • EPS of $-0.10 decreased by 276.7% from previous year
  • Gross margin of 40.8%
  • Net income of -4.98M
  • "“We are focused around three areas portfolio optimization, operational excellence and value-enhancing capital allocation.”" - John Marotta
AZTA
Company AZTA

Executive Summary

Azenta Inc reported a modest Q4 2024 revenue of $170.1 million and a GAAP bottom line that remained negative, while non-GAAP metrics showed meaningful improvement driven by the company’s transformation program. Revenue declined 1% year-over-year (down 2% organically) to reflect a softer life-sciences market, though SMS and Multiomics delivered continued growth (SMS up 4% YoY; Multiomics up 8% YoY). The company reaffirmed its strategic pivot away from B Medical Systems, announcing plans to divest that business to sharpen focus on core Sample Management Solutions (SMS) and Multiomics franchises. For the full year, Azenta reported revenue of $656 million, a decline of 1% on a reported basis and 2% on an organic basis, with combined SMS/Multiomics delivering mid-single-digit growth while B Medical contributed $83 million (down 27% organic). Management emphasized margin expansion from the Ascend 2026 program, delivering two consecutive quarters with adjusted EBITDA margins above 10% (4Q24 at 10.2%, full year 7.5%), and guided 2025 organic revenue growth of 3-5% (excluding B Medical), with Multiomics expected to grow in the low-single digits and SMS in the mid-single digits. The guidance implies continued margin discipline and cost optimization, alongside ongoing investments in automation, capacity, and geographic expansion. The operating outlook is tempered by macro uncertainty but supported by a large, recurring base and a backlog-anchored growth strategy. Investors should monitor: (1) the B Medical divestiture timeline and the resulting “RemainCo” trajectory, (2) progress on Ascend 2026 initiatives (site rationalization, IT optimization, simplified incentive plans), and (3) the rate/path of NGS pricing stabilization and SMS/Multiomics growth cadence as 2025 unfolds.

Key Performance Indicators

Revenue
Decreasing
170.06M
QoQ: -1.59% | YoY: -1.33%
Gross Profit
Increasing
69.41M
40.82% margin
QoQ: 0.52% | YoY: 2.03%
Operating Income
Increasing
-12.29M
QoQ: -22.50% | YoY: 26.08%
Net Income
Decreasing
-4.98M
QoQ: 24.28% | YoY: -247.67%
EPS
Decreasing
-0.10
QoQ: 16.67% | YoY: -276.68%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 143.42 -0.88 -9.9% View
Q1 2025 147.51 -0.29 -4.4% View
Q4 2024 170.06 -0.10 -1.3% View
Q3 2024 172.81 -0.12 +4.1% View
Q2 2024 159.13 -2.47 +7.2% View