Third quarter IBO Life Science Index sales grew 7.0% on a reported and currency-neutral basis, to $3,581 million. Operating profit climbed 12.7% to $762 million. Index results were elevated by Illumina’s performance but partially offset by Bruker. Excluding these two companies, organic sales and adjusted operating profit grew 5.4% and 6.7%, respectively. Based on continuing […]

Fiscal fourth quarter sales ending September 30 for Brooks Automation’s Life Science Systems (LSS) segment climbed 77.4% to $20.0 million to account for 16% of company sales. Excluding the acquisition of Matrical (see IBO 7/31/13), sales grew 63% driven by demand for automated sample-management systems and services. Including the acquisition, Product and Service revenue grew […]

Encouraging economic data and corporate-earnings reports lifted US equity markets to new highs in November. Following 4.6% growth in the second quarter, US third quarter GDP growth was revised upwards 40 basis points to 3.9% due to strong consumer spending. However, weaker-than-expected capital-goods orders and a spike in US jobless claims, coupled with slow manufacturing […]

St. Louis, MO 11/3/14; Washington, DC 11/3/14; Washington, DC 11/25/14—Sigma-Aldrich has announced that it will hold a special stockholder meeting on December 5 to vote on Merck KGaA’s proposed acquisition of the company (see IBO 9/30/14). In addition, Sigma announced an agreement to settle one of three putative class-action suits brought by shareholders against the […]

Oberkochen, Germany 11/13/14—ZEISS has announced that it plans to reduce costs in its Microscopy business, according to a Google translation of a German press release from the company. The aim is to save at least $100 million in the medium term and to increase profitability and competitiveness. Three-quarters of the savings will come from fixed […]

Santa Clara, CA 11/3/14; Santa Clara, 11/20/14—Agilent Technologies has announced that beginning with the current quarter, the first quarter of its fiscal year 2015, it will report in three new divisions: the Life Sciences and Applied Markets Group (LSAG), the Diagnostics and Genomics Group (DGG), and the Agilent CrossLab Group (see IBO 9/30/14). “The organization […]

The calendar-year third quarter produced mixed financial results for the revenues of major publicly held analytical instrument and laboratory-product businesses. Growth in selected clinical and pharmaceutical end-markets offset continued weakness in industrial end-markets and China. Companies forecast little change for the next quarter. Revenues for the seven businesses whose results are detailed on pages 9–11 […]

To augment IBO’s coverage of quarterly financial results, IBO will now provide sidebar summaries of results for companies not in the Sales Indexes. Third quarter FEI sales grew 4.2%, 3.5% organically, to $218.5 million (see page 12), with acquisitions contributing 0.9% and currency lowering sales 0.2%. Industry sales grew 3.3%, 1.7% organically, to account for […]