Brooks Automation Announces Fiscal 2000 Record Third Quarter Results

Brooks AutomationBusiness/Technology EditorsBrooks AutomationCHELMSFORD, Mass.--(BUSINESS WIRE)--July 26, 2000-- <%=company%> , Inc. (Nasdaq:BRKS) today reported results for its third fiscal quarter ended June 30, 2000. The results include a full quarter of operations of Irvine Optical Company LLC ("IOC") which was acquired May 5, 2000. All FY99 results have been restated to reflect the acquisitions of Smart Machines, Inc. and IOC, both of which were acquired in pooling of interests transactions.Brooks AutomationSales for the quarter were $87,827,000, more than triple the $29,054,000 of Q3 FY99. Net income before amortization of acquired intangible assets and acquisition-related charges was $8,110,000, or $0.44 per diluted share, compared to a net loss one year ago of $999,000, or $0.09 per diluted share on the same basis, and was up 26% sequentially from the $6,435,000, or $0.42 per diluted share, in the March 2000 quarter, restated for the acquisition of IOC. Weighted average diluted shares for the three months ended June 30, 2000 were 18.3 million, compared to 15.4 million in the second quarter of 2000 and 11.1 million in the third quarter of 1999.Brooks AutomationNew orders set a record, breaking the $100M mark and growing 18%, to $101,674,000 in Q3 FY00, from a restated $86,120,000 in Q2 FY00, and triple the restated $33,659,000 from one year ago.Brooks Automation"The indications of a more rapid transition to 300mm wafer size in pilot and production lines is good news for Brooks," said Robert J. Therrien, President and Chief Executive Officer of Brooks Automation, Inc. "Our strategy of 300mm bridge tools, thought by a leading industry analyst to be the best at the recent SEMICON West trade show, coupled with software able to meet the advanced standards of a 300mm fab, position Brooks as a leading supplier in this major industry transition. Our lead in design-ins for next generation tool-sets, our robust tool control and fab software, and our milestone in being the first to reach the 1000th unit shipped in 300mm load ports from our FIXLOAD family, gives us confidence that the future is bright for Brooks as the industry moves to a larger wafer size.Brooks AutomationWe expect significant growth in the amount of our tool automation business coming from 300mm products. Starting from sales of approximately $3M in FY99, 300mm products should increase tenfold to over $30M in FY00. I credit development work in prior years, as well as the contribution from our acquisitions, with giving Brooks a strong position in this emerging market."Brooks AutomationQ3 FY00 Major AccomplishmentsBrooks Automation-- New orders set a record at $102M, up 18% sequentially and up 202% over Q3 FY99 on a restated basisBrooks Automation-- Revenues up 10.4% sequentially, 202% over Q3 FY99 on a restated basisBrooks Automation-- EPS before amortization of acquired intangible assets and acquisition-related charges of $0.44, compared to a loss one year earlier of $0.09Brooks Automation-- Completed acquisition of Irvine Optical Company LLC, the leader in sorters for fab automationBrooks Automation-- Unit number 1000 from FIXLOAD(TM) family shipped to Hitachi Ltd. Instruments GroupBrooks Automation-- New patent on FOUP technology awarded, strengthening technology portfolioBrooks Automation-- Multi-million dollar order for integrated fab software received from ATMEL CorporationBrooks Automation-- Completed acquisition of assets of MiTeX, a provider of advanced process control solutionsBrooks Automation-- Chuck McKenna hired as Executive Vice President of the Automation Systems DivisionBrooks Automation-- Orders for 32 systems of newly introduced 300/200mm FabExpress, an integrated front-end module; fastest adoption rate of any Brooks productBrooks Automation-- Eleven new design-ins, a record number of wins for 300mm tools and 300/200mm bridge tools