Azenta, Inc. (AZTA) announced on December 10, 2025 that its Board of Directors approved a share‑repurchase program authorizing the company to repurchase up to $250 million of its outstanding common stock. The program began on December 9, 2025 and will remain in effect through December 31, 2028 unless extended or terminated earlier by the Board.
The buyback is part of Azenta’s capital allocation strategy, which the company says focuses on driving productivity and gross‑margin improvement, accelerating organic growth, pursuing disciplined strategic acquisitions, and returning capital to shareholders. The program gives Azenta flexibility to buy back shares through open‑market purchases, private negotiations, or other compliant methods, allowing the company to respond to market conditions and business needs.
Azenta’s balance sheet underpins the buyback with a strong cash position. As of the fiscal year‑end 2025, the company held $546 million in cash and marketable securities and had no net debt. The cash balance has declined from $565 million at the end of Q3 2025 and $754 million at the end of Q3 2024, but remains well above any debt obligations, giving Azenta ample liquidity to fund growth initiatives.
The company’s Q4 2025 earnings reinforced confidence in the buyback. Non‑GAAP EPS of $0.21 beat consensus estimates of $0.19 by $0.02, a 10% lift, while revenue of $159 million exceeded the $156.46 million forecast by $2.54 million. The earnings beat was driven by disciplined cost management and a favorable mix shift toward higher‑margin multiomics services, which grew 4% year‑over‑year, offsetting a 4% decline in sample‑management revenue. Adjusted EBITDA margin improved to 12.3% from 10.2% in the prior year, reflecting stronger pricing power and operational leverage.
Analysts noted the buyback and earnings beat, underscoring confidence in Azenta’s capital allocation strategy and its focus on maintaining financial flexibility while investing in growth. The announcement was positively received by investors, reflecting the market’s approval of the company’s strategy to return capital while pursuing disciplined growth.
John Marotta, President and CEO, said the share‑repurchase authorization reflects Azenta’s deliberate use of its capital allocation levers to enhance long‑term shareholder value while preserving the flexibility to invest in high‑return opportunities.
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