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    Azenta Inc (AZTA)

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    Azenta, Inc. is a global leader in life sciences solutions, specializing in the management and exploration of biological and chemical compound samples. The company supports pharmaceutical, biotechnology, academic, and healthcare institutions by providing innovative products and services that enable faster development of therapies and scientific breakthroughs. Azenta's offerings include sample management systems, genomic services, and cold-chain solutions, catering to the growing needs of the life sciences industry.

    1. Sample Management Solutions (SMS) - Provides end-to-end sample management products and services, including automated storage systems, cryogenic systems, sample consumables, and repository solutions to ensure sample quality, security, and integrity throughout their lifecycle.

      • Sample Repository Solutions (SRS) - Offers comprehensive storage and management of biological samples.
      • Core Products - Includes automated stores, cryogenic systems, automated sample tubes, and consumables and instruments.
    2. Multiomics - Delivers genomics services such as gene sequencing, synthesis, and editing, supporting research in areas like cell and gene therapy, antibody development, and biomarker discovery.

    3. B Medical Systems - Specializes in temperature-controlled storage and transportation solutions for cold chain management, including vaccine storage and transport systems.

    NamePositionExternal RolesShort Bio

    David Wang

    Executive

    Senior Vice President and General Manager, Sample Management Solutions (SMS)

    None

    Leads SMS business; previously held roles at McKinsey, Johnson & Johnson, and PerkinElmer.

    Dr. Ginger Zhou

    Executive

    Senior Vice President and General Manager, Multiomics

    None

    Leads Multiomics business; joined Azenta in 2018 and has a Ph.D. in Molecular Biology and Biochemistry.

    Jason W. Joseph

    Executive

    Senior Vice President, General Counsel, and Secretary

    None

    Oversees legal affairs, corporate governance, and compliance; joined Azenta in 2011 and promoted to SVP in 2017.

    John P. Marotta

    Executive

    President and Chief Executive Officer (CEO)

    None

    Extensive experience in life sciences and healthcare; previously CEO of PHC Holdings Corporation; joined Azenta in 2024.

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    Lawrence Lin

    Executive

    Executive Vice President and Chief Financial Officer (CFO)

    None

    Finance leader with expertise in business systems and lean principles; previously CFO at GeoStabilization International LLC.

    Olga Pirogova

    Executive

    Senior Vice President and Chief Human Resources Officer (CHRO)

    None

    Leads HR strategy; previously CHRO at Speedcast and held leadership roles at BD (Becton, Dickinson & Company).

    Violetta Hughes

    Executive

    Vice President, Chief Accounting Officer, and Principal Accounting Officer

    None

    Oversees financial accounting and reporting; previously SVP and CAO at Akebia Therapeutics.

    Alan J. Malus

    Board

    Director

    None

    Former Corporate EVP at Thermo Fisher; extensive experience in life sciences and diagnostics.

    Didier Hirsch

    Board

    Nominee for Director and Chair of the Audit Committee

    Board Member at Knowles Corporation and Sophia Genetics SA

    Former CFO of Agilent Technologies; expertise in financial management and governance.

    Dr. Martin Madaus

    Board

    Director

    Board Member at Repligen Corporation, Quanterix Corporation, and Standard BioTools Inc.; Senior Operating Executive at The Carlyle Group

    Former CEO of Millipore Corporation; expertise in life sciences and diagnostics.

    Erica J. McLaughlin

    Board

    Director and Chair of the ESG Committee

    EVP, CFO, and Head of Corporate Strategy at Cabot Corporation; Member of FM Global New York Advisory Board

    Financial expert with experience in ESG, mergers, and acquisitions; CFO at Cabot Corporation.

    Frank E. Casal

    Board

    Chair of the Board of Directors

    None

    Former Vice Chair of Audit at KPMG LLP; joined Azenta's Board in 2021 and became Chair in 2024.

    Michael Rosenblatt

    Board

    Director

    Director at Rubius Therapeutics; Senior Advisor at Flagship Pioneering and Bain Capital Life Sciences

    Former EVP and CMO at Merck; extensive experience in healthcare and life sciences.

    Quentin Koffey

    Board

    Director

    Founder and Managing Partner at Politan Capital Management; Director at Masimo Corporation (NASDAQ: MASI)

    Investment expert with a focus on capital allocation and governance; founder of Politan Capital Management.

    Robyn C. Davis

    Board

    Director and Chair of the Finance Committee

    Corporate Director at Psychemedics Corporation (NASDAQ: PMD); Director at Akston Biosciences, LLC

    Managing Director of AngelHealthcare Investors; expertise in growth strategy and leadership development.

    Tina S. Nova

    Board

    Director

    Director at Exagen, Inc. (NASDAQ: XGN)

    Industry veteran in life sciences; expertise in IPOs, mergers, and acquisitions.

    William L. Cornog

    Board

    Director and Chair of the Value Creation Committee

    Board Member at Brightview Holdings Inc. (NYSE: BV) and LiveWire (NYSE: LVWR)

    Former head of KKR Capstone; expertise in portfolio management and value creation.

    1. Your guidance for the Multiomics segment remains at low single-digit growth despite achieving 11% growth in NGS this quarter; what factors are causing you to anticipate a deceleration in growth for the remainder of the year?
    2. Despite your confidence in the SMS backlog and pipeline, large stores revenue was down 13% this quarter; is this decline purely due to timing, or are you observing underlying customer cautiousness that could impact your mid-single-digit growth guidance for SMS?
    3. Given the 11% year-over-year decline in Sanger Sequencing revenue due to shifts in sequencing technology, how do you plan to address these headwinds and offset the declines within the Multiomics segment?
    4. With the sale process of B Medical Systems still in the initial stages, how might this extended timeline affect your strategic initiatives and capital allocation priorities, and what steps are you taking to ensure it doesn't hinder value creation?
    5. You have undertaken restructuring to rightsize your G&A cost structure and improve margins; can you provide more details on the expected cost savings, any associated one-time charges, and how these changes might impact your ability to invest in growth initiatives?
    Program DetailsProgram 1
    Approval DateNovember 4, 2022
    End Date/DurationFully utilized by September 30, 2024
    Total Additional Amount$1.5 billion
    Remaining Authorization$0 (as of February 20, 2025)
    DetailsRepurchased and retired 30.0 million shares through ASR agreements and open market repurchases. Focused on enhancing shareholder value but prioritized other capital allocation initiatives like R&D, geographic expansion, and M&A.

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Hamilton Company

    A main competitor in the Sample Management Solutions segment, specifically for automation systems.

    Liconic AG

    A main competitor in the Sample Management Solutions segment, specifically for automation systems.

    A main competitor in the Sample Management Solutions segment, particularly for storage, consumables, and services.

    A main competitor in the Sample Management Solutions segment, particularly for storage, consumables, and services.

    BGI Genomics Co., Ltd.

    A main competitor in the Multiomics segment, particularly in genomic services.

    Eurofins Scientific S.E.

    A main competitor in the Multiomics segment, particularly in genomic services.

    GenScript Biotech Corporation

    A main competitor in the Multiomics segment, particularly in genomic services.

    Integrated DNA Technologies, Inc.

    A main competitor in the Multiomics segment, particularly in genomic services.

    Novogene Co., Ltd.

    A main competitor in the Multiomics segment, particularly in genomic services.

    A main competitor in the Multiomics segment, particularly in genomic services.

    Vestfrost Solutions

    A main competitor in the B Medical Systems segment, particularly in temperature-controlled storage and transportation solutions.

    Haier Biomedical

    A main competitor in the B Medical Systems segment, particularly in temperature-controlled storage and transportation solutions.

    No recent press releases or 8-K filings found for AZTA.