Brooks Automation, Inc. (NASDAQ:BRKS) Q2 2018 Earnings Conference Call - Final Transcript

Aug 06, 2018 • 05:00 pm ET


Brooks Automation, Inc. (NASDAQ:BRKS) Q2 2018 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you very much for standing by and welcome to the Brooks Automation Q3 2018 Financial Results Call. (Operator Instructions) As a reminder, this conference is being recorded today, Monday, August 6, 2018.

I would like to turn the conference over to Lindon Robertson, Chief Financial Officer. Please go ahead.

Lindon Robertson

Thank you, David and good afternoon, everyone. We would like to welcome each of you to the third quarter financial results conference call for the Brooks' fiscal year 2018. We will be covering the results of the third quarter ended on June 30 and then we will provide an outlook for this fourth fiscal quarter ending September 30, 2018.

A press release was issued after the close of the markets today and it's available at Investor Relations page of our website,, as are the illustrated PowerPoint slides that will be used to support our prepared comments during the call.

(Forward-Looking Cautionary Statements)

On the call with me today is our Chief Executive Officer, Steve Schwartz. We will open with his remarks on the business environment and our third quarter highlights, then we'll provide an overview of the third quarter financial results and a summary of our financial outlook for the quarter ending September 30, which is our fourth quarter of the fiscal year 2018. We will then take your questions at the end of those comments.

During our prepared remarks, again, we will, from time-to-time, make reference to the slides I mentioned, available to everyone on the Investor Relations page of our Brooks website.

With that, I'd like to turn the call over now to our CEO, Steve Schwartz.

Steve Schwartz

Thank you, Lindon. Good afternoon, everyone and thank you for joining our call. We're pleased to be able to have the chance to update you on the results of yet another strong quarter. But before I begin with my prepared remarks, I'd like to set the stage with our review on the current business environment. We're one of those moments in the semiconductor equipment industry when we resurrect all of the uncertainty vocabulary that includes words like pause, slowdown, push-out, dip, and many others. These times are part of the nature of the semiconductor equipment business and they are common to all of us who supply the industry and we'll deal with any situations we have in the past.

What we are certain of is that we've built the semiconductor segment of our business to be able to quickly react to (inaudible) and to be able to ramp up and down in short order. These days, our supply-chain is conditioned to support this environment and it's an asset rather than a liability. Also we're confident in our market share position, and at the investments that we've made and are making are securing our position, so the subsequent growth in the semiconductor business will deliver even greater growth in our business.

I want to emphasize that we do not know more than our customers about the length or depth