DuPont Photomasks Inc. posted revenue of USD 94.8 million and a loss of USD 1 million, or USD0.06 per share for its fiscal 1Q 2005, in results published on 20 October 2004.
The quarter saw the return…
DuPont Photomasks Inc. posted revenue of USD 94.8 million and a loss of USD 1 million, or USD0.06 per share for its fiscal 1Q 2005, in results published on 20 October 2004. The quarter saw the return to operating income for the photomask manufacturer, as it narrowed its quarterly losses. It posted operating income of USD 900,000, versus a loss of USD 13.9 million in the year ago period. “This milestone is a direct reflection of the improvements we have made to our operations, which have resulted in more consistent performance on all fronts over the last year,” Marshall Turner, chairman and CEO, said in a statement. While the company continued to reduce its quarterly losses, its revenue was down slightly from the previous quarter. In its fiscal 4Q 2004, the company posted revenue of USD 97 million and a net loss of USD 34.1 million, which included a USD 30.4 million non-cash valuation impairment charge. The Texas-based company“s fiscal 1Q 2005 results included a number of special items: a USD 700,000 gain from the revision of a sales rebate estimate recorded previously; a USD 400,000 expense related to professional services for the definitive merger agreement between DuPont Photomasks Inc. and Toppan Printing Co. Ltd.; and a USD 300,000 million severance charge resulting from previously announced workforce reductions in France.