Brooks Automation, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported GAAP net loss of $9.2 million or $0.14 per diluted share, which includes special charges of $7.5 million before tax, being the restructuring and integration charges after tax of $3.4 million, or $0.05 a share, merger costs of $500,000 after tax, or $0.01 a share and after-tax purchase accounting charges of $1.5 million. Adjusted net loss excluding these charges was $3.8 million or $0.06 per diluted share against net income of $3,607,000 or $0.06 per diluted share a year ago. Adjusted EBITDA declined from $10.2 million in the September quarter to $3.3 million in the December quarter. Cash flow from operations less capital expenditures was $4.5 million. 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. Cash flow from operations was $5.1 million against $5.1 million a year ago. Operating loss was $13,064,000 against income of $1,463,000 a year ago. Purchases of property, plant and equipment were $641,000 against $2,063,000 a year ago.

For the second quarter ending March 31, 2013, the company provides guidance of revenues for between $102 million and $112 million. The company guide adjusted EBITDA to be between $5 million and $9.5 million. And this will translate to adjusted bottom line performance of between a $0.05 loss per diluted share and break-even. Excluded from these projections are the residual fair value acquisition adjustments and restructuring associated with the actions already announced. Consequently guidance for the GAAP loss per share is between $0.10 and $0.03. Non-GAAP earnings per share are expected to range between breakeven and a loss of $0.05.

The company provided tax rate guidance for the fiscal year 2013. The effective tax in light of the weak opening to the fiscal year is now projected at 28% with a cash tax rate of around 12%.

The company 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.