Brooks Automation, Inc. (NASDAQ:BRKS) Q3 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 04:30 pm ET


Brooks Automation, Inc. (NASDAQ:BRKS) Q3 2020 Earnings Conference Call - Final Transcript


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Operator: Greetings and welcome to the Brooks Automation Q3 2020 Financial Results. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded, Thursday, July 30, 2020.

I would now like to turn the conference over to Mark Namaroff. Please go ahead.

Mark J. Namaroff

Thank you. Thank you, Malika, and good afternoon everyone on the line today. We'd like to welcome you to our earnings conference call for the third quarter of fiscal 2020. Our Q3 earnings press release was issued after the close of the market today and it is available on our Investor Relations website located at, as are the supplementary PowerPoint slides that we'll be using during the prepared remarks today.Before we start, I would like to remind everyone that during the course of the call, we'll be making a number of forward-looking statements within the meaning of the Private Litigations and Securities Act of 1995. There are many factors that may cause actual financial results or other events to differ from those identified in such forward-looking statements.I would refer you to the section of our earnings release titled Safe Harbor Statement, the Safe Harbor slide on our aforementioned PowerPoint presentation on our website and our various filings with the SEC, including our Annual Reports on Form 10-K -- reports on Form 10-Q. We make no obligation to update these statements and should future financial data or events occur that differ from the forward-looking statements presented today.We may refer to a number of non-GAAP financial measures all during the call today, which are used in addition to and in conjunction with results presented in accordance with GAAP. We believe that non-GAAP measures provide an additional way of viewing aspects of our operations and performance, but when considered with GAAP financial results and the reconciliation of GAAP measures, they provide an even more complete understanding of the Brooks' business. Non-GAAP measures should not be relied upon to the exclusion of GAAP measures themselves.

So, on the call with me today is our President and Chief Executive Officer, Steve Schwartz; and Executive Vice President and Chief Financial Officer, Lindon Robertson. We'll open the call-up with remarks from Steve on the highlights of the second quarter, and then Lindon will provide a more detailed look into our financial results for the quarter, and our outlook for the fourth quarter. And then we will have some time to take your questions after the -- after the prepared remarks.

So with that in my mind, I'd like to turn the call over to our CEO, Steve Schwartz.

Stephen S. Schwartz

Thank you, Mark, and good afternoon, everyone. We're pleased to have you with us today as we report results, of a strong third quarter. In spite of COVID headwinds and uncertainties, we delivered a solid top line, increased profitability and strengthen our market position in each segment. And we forecast strong growth again next quarter for demonstrating the value of