Brooks Automation Reports Fiscal First Quarter Ended December 31, 2012 Results and Timetable for Chief Financial Officer

Brooks Automation Reports Fiscal First Quarter Ended December 31, 2012 Results
and Timetable for Chief Financial Officer Retirement

CHELMSFORD, Mass., Jan. 31, 2013 (GLOBE NEWSWIRE) -- Brooks Automation, Inc.
(Nasdaq:BRKS), a leading worldwide provider of automation, vacuum and
instrumentation solutions for multiple markets, including semiconductor
manufacturing and life sciences, today reported financial results for the
first quarter ended December 31, 2012.

Fiscal First Quarter 2013 Financial and Operational Highlights:

  *Revenues were $98.0 Million; Order Bookings were $92.6 million;
  *Life Sciences revenues increased 10% on a year-over-year basis;
  *GAAP Loss Per Share was $(0.14); Adjusted Loss Per Share excluding special
    charges was $(0.06);
  *Cash flow from operations was $5.1 million;
  *Cash, Cash Equivalents and Marketable Securities, as of December 31, was
    $142 million, or $2.17 per diluted share with no Debt;
  *Generated 21 Design-in-Wins for Semiconductor and Adjacent market
    customers.

Summary of GAAP and Non-GAAP Earnings
                                          Fiscal 2013 Fiscal 2012 Fiscal 2012
$000's except EPS                          1st Quarter 4th Quarter 1st Quarter
                                                                
GAAP Net Income (Loss) attributable to     $(9,236) $116,217 $2,823
Brooks
GAAP Diluted Earnings (Loss) per share    $(0.14)   $1.77     $0.04
                                                                
Adjusted Net Income (Loss) attributable to $(3,842) $5,496   $3,607
Brooks
Adjusted Diluted Earnings (Loss) per Share $(0.06)   $0.08     $0.06

A reconciliation of non-GAAP measures to the most nearly comparable GAAP
measure follows the consolidated statements of operations, balance sheets and
statements of cash flows included in this release.

Management Comments

"Consistent with our outlook for the quarter, we experienced a 20% sequential
decline in product revenues for front-end semiconductor applications and a 31%
sequential decline in revenues into our industrial customers as caution and
uncertainty drove weak demand across almost all market sectors we
serve.However, our Life Science Systems business increased on both a
sequential and year-over-year basis as we continue to win the majority of the
market share opportunities for automated sample management systems," said
Steve Schwartz, President and Chief Executive Officer of Brooks. "The
integration of Crossing Automationinto Brooks is moving ahead effectively and
quickly.We are ahead of our aggressive schedule to drive annualized
integration synergies of $12 million within the first five quarters of
ownership. We are also pleased with the opportunities already opening up for
revenue growth in atmospheric automation from developments using both Brooks
and Crossing technologies."

Dr. Schwartz continued, "We see modest improvement in most of our markets in
the March 2013 quarter.While near term visibility is limited, we view
favorably the capital expenditure plans of end users for our products and
consequently expect a far stronger second half to our current fiscal year."

First Quarter Fiscal 2013 Results

Revenues for the first quarter of fiscal 2013 were $98.0 million, compared to
revenues of $119.5 million in the fourth quarter of fiscal 2012 and $120.2
million in the first quarter of fiscal 2012. The revenues for the first
quarter of fiscal 2013 included $6.5 million of product sales and $2.0 million
of service sales from the acquisition of Crossing Automation that closed one
month into the quarter.

Revenues for the Brooks Global Services segment increased 0.3% on a sequential
basis compared to the fiscal fourth quarter of 2012 with the addition of
Crossing service revenues.Revenues for the Brooks Product Solutions segment
declined 26% sequentially due to overall industry weakness. Revenues for the
Brooks Life Science Systems segment grew sequentially to $14.1 million
compared to the fourth quarter of 2012 at $13.9 million and grew 10% on a
year-over-year basis.

Order bookings for the first quarter of fiscal 2013 declined sequentially 5%
to $92.6 million, compared to order bookings in the fiscal fourth quarter 2012
of $97.5 million.

Gross profit margin was 29.7% for the first quarter of fiscal 2013, compared
to gross profit margins of 32.3% for the fourth quarter of fiscal 2012 and
33.6% for the first quarter of fiscal 2012.Excluding acquisition related
nonrecurring charges, gross profit margin was 31.9% for the first quarter of
fiscal 2013, compared to gross profit margins of 32.3% for the fourth quarter
of fiscal 2012 and 33.9% for the first quarter of fiscal 2012. The first
quarter of fiscal 2013 sequential margin improvements in Services and Life
Sciences were offset by a decrease in Product Solutions margins off lower
revenue volumes.

Adjusted EBITDA (as defined in the Notes on non-GAAP measures) for the first
quarter of fiscal 2013 was $3.3 million, which compared to $10.2 million in
the fourth quarter of fiscal 2012 and $10.6 million in the first quarter of
fiscal 2012.

A reconciliation of non-GAAP measures to the most nearly comparable GAAP
measure follows the consolidated statements of operations, balance sheets and
statements of cash flows included in this release.

Net cash provided by operating activities for the first quarter of fiscal 2013
was $5.1 million, which resulted in total cash, cash equivalents and
marketable securities of $142 million at December 31, 2012.

Quarterly Cash Dividend

The Company additionally announced that the Board of Directors had declared a
dividend of $0.08 per share payable on March 29, 2013 to stockholders of
record on March 8, 2013. Future dividend declarations, as well as the record
and payment dates for such dividends, are subject to the final determination
of the Company's Board of Directors.

Guidance for Second Fiscal Quarter

The Company announced revenue and earnings guidance for the second quarter of
fiscal 2013.Revenues are expected to range between $102 and $110 million and
non-GAAP earnings per share are expected to range between breakeven and a loss
of $(0.05).Including restructuring and acquisition related charges, GAAP
adjusted loss per share is expected to be between $(0.03) and $(0.10) per
diluted share.

Retirement of Chief Financial Officer

The Company announced that Martin S. Headley, Executive Vice President and
Chief Financial Officer has given notice of his intention to retire.The
Company and Mr. Headley have agreed in principle to the terms of a retention
agreement pursuant to which he would remain in his role through the end of
June 2013.The Company will be initiating a search and expects to be able to
name a successor within this timeframe.

"It has been my distinct pleasure to have worked closely with Martin over the
past three years," states Dr. Schwartz."Martin's extensive financial
experience and strategic insight have made him an outstanding partner and
business leader as we repositioned the Company.We will miss his leadership
and guidance but wish him the best in his retirement."

"My tenure at Brooks has afforded an opportunity to work with many outstanding
people and address unique business challenges and I am extremely proud of what
we have accomplished at Brooks over my five plus years as CFO," stated Mr.
Headley."As I have been considering my future plans over the last several
weeks, I have worked closely with Steve and our Board to ensure that we will
have a smooth transition."

Conference Call

Brooks management will webcast its first quarter earnings conference today at
4:30 p.m. Eastern Time to discuss the fiscal first quarter business
highlights. During the call, Company management will respond to questions
concerning, but not limited to, the Company's financial performance, business
conditions and industry outlook. Their responses could contain information
that has not been previously disclosed.

The call will be broadcast live over the Internet hosted at the Investor
Relations section of Brooks' website at www.brooks.com, and will be archived
online on this website for convenient on-demand replay. In addition, you may
call 1-800-734-8583 (North America only) or 1-212-231-2930 to listen to the
live broadcast.

About Brooks Automation, Inc.

Brooks is a leading worldwide provider of automation, vacuum and
instrumentation solutions for multiple markets including semiconductor
manufacturing, life sciences, and clean energy. Our technologies, engineering
competencies and global service capabilities provide customers speed to
market, and ensure high uptime and rapid response, which equate to superior
value in their mission-critical controlled environments. Since 1978, we have
been a leading partner to the global semiconductor manufacturing market and
through product development initiatives and strategic business acquisitions;
we have expanded our reach to meet the needs of customers in the life sciences
industry, analytical & research markets and clean energy solutions. Brooks is
headquartered in Chelmsford, MA, with direct operations in North America,
Europe and Asia.

For more information, please visit www.brooks.com.

"Safe Harbor Statement" under Section 21E of the Securities Exchange Act of
1934

Some statements in this release are forward-looking statements made under
Section 21E of the Securities Exchange Act of 1934. These statements are
neither promises nor guarantees but involve risks and uncertainties, both
known and unknown, that could cause Brooks' financial and business results to
differ materially from our expectations. They are based on the facts known to
management at the time they are made. These forward-looking statements include
statements regarding our revenue and operating margin expectations, our
ability to develop further our business in new and adjacent markets, and our
ability to achieve financial success in the future. Factors that could cause
results to differ from our expectations include the following: volatility of
the industries the Company serves, particularly the semiconductor industry;
our possible inability to meet demand for our products due to difficulties in
obtaining components and materials from our suppliers in required quantities
and of required quality; the inability of customers to make payments to us
when due; the timing and effectiveness of cost reduction and cost control
measures; price competition; disputes concerning intellectual property;
continuing uncertainties in global political and economic conditions, and
other factors and other risks that we have described in our filings with the
Securities and Exchange Commission, including but not limited to our Annual
Report on Form 10-K, current reports on Form 8-K and our quarterly reports on
Form 10-Q. As a result we can provide no assurance that our future results
will not be materially different from those projected. Brooks expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any such statement to reflect any change in our expectations or
any change in events, conditions or circumstances on which any such statement
is based. Brooks undertakes no obligation to update the information contained
in this press release.

BROOKS AUTOMATION, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited)
(In thousands, except share and per share data)
                                                               
                                                               
                                                   December31, September30,
                                                   2012         2012
                                                               
Assets                                                          
Current assets                                                 
Cash and cash equivalents                          $54,923      $54,639
Restricted cash                                    768          763
Marketable securities                              48,070       85,646
Accounts receivable, net                           63,832       78,855
Inventories                                        105,123      102,985
Deferred tax assets                                18,134       15,531
Prepaid expenses and other current assets          9,879        9,070
Total current assets                               300,729      347,489
Property, plant and equipment, net                 65,006       64,478
Long-term marketable securities                    38,996       59,946
Long-term deferred tax assets                      101,135      104,626
Goodwill                                           114,043      88,440
Intangible assets, net                             67,439       39,400
Equity investment in joint ventures                30,437       31,428
Other assets                                       7,044        6,153
Total assets                                       $724,829     $741,960
Liabilities and equity                                          
Current liabilities                                            
Accounts payable                                   $21,199      $28,988
Deferred revenue                                   8,927        9,986
Accrued warranty and retrofit costs                7,724        7,329
Accrued compensation and benefits                  13,425       14,118
Accrued restructuring costs                        4,793        2,098
Accrued income taxes payable                       891          1,699
Accrued expenses and other current liabilities     17,248       16,973
Total current liabilities                          74,207       81,191
Income taxes payable                               8,065        6,356
Long-term pension liability                        1,415        1,688
Other long-term liabilities                        3,853        3,424
Total liabilities                                  87,540       92,659
Contingencies                                                  
Equity                                                          
Preferred stock, $0.01 par value, 1,000,000 shares  —          —
authorized, no shares issued and outstanding
Common stock, $0.01 par value, 125,000,000 shares
authorized, 79,807,305 shares issued and 66,345,436
shares outstanding at December31, 2012, 79,790,557 798          798
shares issued and 66,328,688 shares outstanding at
September30, 2012
Additional paid-in capital                         1,819,402    1,817,706
Accumulated other comprehensive income             24,420       23,642
Treasury stock at cost, 13,461,869 shares at        (200,956)    (200,956)
December31, 2012 and September30, 2012
Accumulated deficit                                (1,007,027)  (992,524)
Total Brooks Automation, Inc. stockholders' equity 636,637      648,666
Noncontrolling interest in subsidiaries            652          635
Total equity                                       637,289      649,301
Total liabilities and equity                       $724,829     $741,960

                                                                    
BROOKS AUTOMATION, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
(In thousands, except per share data)
                                                                    
                                                                    
                                                           Three months ended
                                                           December31,
                                                           2012      2011
                                                                    
Revenues                                                             
Product                                                    $77,323   $97,098
Services                                                   20,702    23,130
Total revenues                                             98,025    120,228
Cost of revenues                                                     
Product                                                    54,481    64,289
Services                                                   14,386    15,582
Total cost of revenues                                     68,867    79,871
Gross profit                                               29,158    40,357
Operating expenses                                                   
Research and development                                   11,518    11,949
Selling, general and administrative                        25,947    26,742
Restructuring and other charges                            4,757     203
Total operating expenses                                   42,222    38,894
Operating income (loss)                                    (13,064)  1,463
Interest income                                            275       279
Interest expense                                           (1)       (7)
Other income (expense), net                                (93)      346
Income (loss) before income taxes and equity in earnings    (12,883)  2,081
(losses) of joint ventures
Income tax provision (benefit)                             (3,670)   300
Income (loss) before equity in earnings (losses) of joint   (9,213)   1,781
ventures
Equity in earnings (losses) of joint ventures              (6)       1,050
Net income (loss)                                          ($9,219)  $2,831
Net income attributable to noncontrolling interests        (17)      (8)
Net income (loss) attributable to Brooks Automation, Inc.  ($9,236)  $2,823
Basic net income (loss) per share attributable to Brooks    ($0.14)   $0.04
Automation, Inc. common stockholders
Diluted net income (loss) per share attributable to Brooks  ($0.14)   $0.04
Automation, Inc. common stockholders
Shares used in computing earnings (loss) per share                   
Basic                                                      65,567    64,812
Diluted                                                    65,567    65,309

                                                                    
BROOKS AUTOMATION, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(In thousands)
                                                                    
                                                                    
                                                           Three months ended
                                                           December31,
                                                           2012      2011
                                                                    
Cash flows from operating activities                                 
Net income (loss)                                          ($9,219)  $2,831
Adjustments to reconcile net income (loss) to net cash               
provided by operating activities:
Depreciation and amortization                              6,441     5,268
Stock-based compensation                                   2,511     1,743
Amortization of premium on marketable securities           370       654
Undistributed earnings (losses) of joint ventures          6         (1,050)
Deferred income tax benefit                                (4,310)   —
Pension settlement                                         87        —
Loss on disposal of long-lived assets                      13        —
Changes in operating assets and liabilities, net of                  
acquisitions and disposals:
Accounts receivable                                        20,216    3,935
Inventories                                                6,841     5,874
Prepaid expenses and other current assets                  317       (490)
Accounts payable                                           (10,793)  (5,910)
Deferred revenue                                           (1,340)   (2,427)
Accrued warranty and retrofit costs                        (1,127)   (152)
Accrued compensation and benefits                          (4,054)   (4,270)
Accrued restructuring costs                                2,390     32
Accrued expenses and other current liabilities             (3,237)   (929)
Net cash provided by operating activities                  5,112     5,109
Cash flows from investing activities                                 
Purchases of property, plant and equipment                 (641)     (2,063)
Purchases of marketable securities                         (18,168)  (23,579)
Sale/maturity of marketable securities                     75,622    24,549
Acquisition, net of cash acquired                          (56,033)  (8,716)
Payment of deferred leasing cost                           (686)     —
(Increase) decrease in restricted cash                     —        430
Net cash provided by (used in) investing activities        94        (9,379)
Cash flows from financing activities                                 
Common stock dividend paid                                 (5,311)   (5,185)
Net cash used in financing activities                      (5,311)   (5,185)
Effects of exchange rate changes on cash and cash           389       (165)
equivalents
Net increase (decrease) in cash and cash equivalents       284       (9,620)
Cash and cash equivalents, beginning of period             54,639    58,833
Cash and cash equivalents, end of period                   $54,923   $49,213

Notes on Non-GAAP Financial Measures:

The information in this press release is for: internal managerial purposes;
when publicly providing guidance on future results; and as a means to evaluate
period-to-period comparisons. These financial measures are used in addition to
and in conjunction with results presented in accordance with GAAP and should
not be relied upon to the exclusion of GAAP financial measures. Management
believes these financial measures provide an additional way of viewing aspects
of our operations, that, when viewed with our GAAP results and the
accompanying reconciliations to the corresponding GAAP financial measures,
provide a more complete understanding of our business. Management strongly
encourages investors to review our financial statements and publicly-filed
reports in their entirety and not rely on any single measure.

The press release includes financial measures which exclude the effects of
non-recurring income and special charges such as restructuring charges and
acquisition related charges. Management believes these measures are useful to
investors because it eliminates accounting charges that do not reflect Brooks'
day-to-day operations. A table reconciling income (loss) and diluted earnings
(loss) per share from operations is presented below.

                   Quarter ended
                   December 31, 2012     September 30, 2012 December 31, 2011
                   $          per share  $          per     $         per
                                                     share             share
                                                                 
Net income (loss)
attributable to     $(9,236) $(0.14)  $116,217 $1.77 $2,823  $0.04
Brooks Automation,
Inc.
                                                                 
Adjustments, net of                                               
tax:
Purchase accounting
impact on inventory 1,513     0.02      --        --    360      0.01
and contracts
acquired
Restructuring       3,425     0.05      2,150     0.03   203      0.00
charges
Pension settlement  --       --       8,937     0.14   --      --
Merger costs        456       0.01      --       --    221      0.00
One-time tax        --       --       (121,808) (1.85) --      --
benefit
Adjusted net income
(loss) attributable (3,842)   (0.06)    5,496     0.08   3,607    0.06
to Brooks
Automation, Inc.
                                                                 
Stock-based         2,511     0.04      1,744     0.03   1,743    0.03
compensation
Adjusted net income
(loss) attributable
to Brooks
Automation, Inc. -  $(1,331) $(0.02)  $7,240   $0.11 $5,350  $0.08
excluding
stock-based
compensation
                                                                 
                                                                 
                   Quarter ended
                   December 31, 2012     September 30, 2012 December 31, 2011
                   $          %          $          %       $         %
                                                                 
Gross profit /
gross margin        $29,158  29.7%      $ 38,607  32.3%   $40,357 33.6%
percentage
                                                                 
Adjustments:                                                      
Purchase accounting
impact on inventory 2,102     2.1%       --       --    360      0.3%
and contracts
acquired
                                                                 
Adjusted gross
profit / gross      $31,260  31.9%      $38,607  32.3%   $40,717 33.9%
margin percentage
                                                                 
                                                                 
                                                                 
                   Quarter ended                                    
                   Dec 31,    Sep 30,    Dec 31,                    
                   2012       2012       2011                       
                                                                 
Net income (loss)
attributable to     $(9,236) $116,217 $2,823                   
Brooks Automation,
Inc.
                                                                 
Less: Interest      (275)     (369)     (279)                     
income
Add: Interest       1         2         7                         
expense
Add: Income tax     (3,670)   (123,908) 300                       
provision (benefit)
Add: Depreciation   3,704     3,399     3,262                     
Add: Amortization
of completed        1,185     935       789                       
technology
Add: Amortization
of acquired         1,552     1,127     1,217                     
intangible assets
Add: Stock-based    2,511     1,744     1,743                     
compensation
Add: Restructuring  4,757     2,150     203                       
charges
Add: Purchase
accounting impact   2,102     --       360                       
on inventory and
contracts acquired
Add: Merger costs   634       --       221                       
Add: Pension        --       8,937     --                       
settlement
                                                                 
Adjusted EBITDA     $3,265   $10,234  $10,646                  

CONTACT: Lynne Yassemedis
         Brooks Automation, Inc.
         978-262-4443
         lynne.yassemedis@brooks.com
        
         John Mills
         Senior Managing Director
         ICR, LLC
         310-954-1105
         john.mills@icrinc.com