Brooks Automation's Q1 sales rise, net losses narrow

February 5, 2010 by MassDevice staff

Brooks Automation Inc. (NSDQ:BRKS) boosted its top line and slashed losses during the first quarter.

Revenues for the Chelmsford, Mass.-based semiconductor imaging components maker neared $106.2 million for the three months ended Dec. 31, 2009, compared to revenues of $73.4 million during the same period last year. Compared with the fourth quarter last year, sales rose 65.7 percent from $64.1 million.

Brooks pared its Q1 net losses to
$2.8 million, or 4 cents per diluted share, from $35.1 million, or 56 cents per diluted share, during Q1 2009. Net losses were also down sequentially from $14.5 million during Q4 2009.

President and CEO Robert Lepofsky said the company's customers are projecting strong demand for the next several quarters, saying in prepared remarks that "we believe that trend will translate into excellent financial performance for Brooks in the quarters ahead."

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