MKS Instruments, Inc., reported record quarterly sales of USD 211.4 million, up 18% from USD 179.1 million in the 1Q 2006 and up 6% from USD 199.9 million in the 4Q 2006. Net income increased by 77% t…
MKS Instruments, Inc., reported record quarterly sales of USD 211.4 million, up 18% from USD 179.1 million in the 1Q 2006 and up 6% from USD 199.9 million in the 4Q 2006. Net income increased by 77% to USD 27.3 million, from USD 15.4 million in the 1Q 2006, and by 3% from USD 26.5 million in the 4Q 2006. Non-GAAP net earnings, which exclude amortization of acquired intangible assets and special items, increased by 53% to USD 29.9 million from USD 19.6 million in the 1Q 2006, and by 15% from USD 25.9 million in the 4Q 2006. Leo Berlinghieri, CEO and president, said, “After achieving an outstanding 2006, we generated record 1Q sales on strong demand for our process-critical technologies in the semiconductor market, as our customers“ process performance and productivity requirements continued to increase”. “We are focused on leveraging our broad technology portfolio to grow our business in key semiconductor process areas and in attractive, less cyclical non-semiconductor market sectors. Our outlook anticipates variations in customer order patterns across markets. Considering these fluctuations, and given our higher than expected 6% sequential growth in the 1Q and the semiconductor industry“s more cautious outlook, we anticipate that 2Q 2007 sales could range from USD 195 to USD 205 million. Net income could range from USD 0.36 to USD 0.42 per diluted share on approximately 58.0 million shares outstanding. Non-GAAP net earnings could range from USD 0.41 to USD 0.47 per diluted share”. MKS Instruments, Inc. is a leading worldwide provider of process control solutions for improving productivity in advanced manufacturing processes such as semiconductor device manufacturing; thin-film manufacturing for flat panel displays, data storage media, architectural glass and electro-optical products; and technology for medical imaging equipment and other markets.