Blow out qtr-- dou u have conf call #
A T M I Reports Record First Quarter Results, 64% Revenue Increase Drives 580% Profitability Improvement
DANBURY, Conn.--(BUSINESS WIRE)--April 19, 2000--A T M I, Inc.
(Nasdaq: ATMI), today announced financial results for the quarter
ending March 31st. Revenues for the quarter increased 64% to $61.2
million, from $37.3 million a year ago.
First quarter earnings per share from operations were $0.29, more
than five times 1999's first quarter EPS of $0.05. Including gains
from investments, EPS was $0.47 for the first quarter this year.
Gene Banucci, A T M I' s CEO, said, "We are experiencing
significant year-on-year growth in each of our product lines. Clearly,
the industry is in the midst of an unparalleled ramp in production.
Simultaneously, it is adopting new materials technologies that A T M I
has developed or acquired over the last few years. We see no dampening
of these trends."
Dan Sharkey, A T M I' s CFO, said, "During the quarter, the
A T M I Technologies businesses grew 70% over the first quarter of
1999, reaching revenues of $30.9 million. This includes our life safety
equipment business, which is continuing to book business slightly in
excess of the growth rate of industry front-end equipment sales. Our
epi services business more than doubled over the first quarter of
1999; we are adding capacity as fast as possible to satisfy demand in
excess of what we can presently supply."
"The A T M I Materials business grew 58% over the first quarter of
1999, with revenues of $30.3 million, primarily as a result of
aggressive growth in the SDS Gas Source product line. Our other
packaging lines had a pause in their sequential growth during the
quarter, based on an extremely strong fourth quarter of 1999. However,
all other signs indicate that we are continuing to grow share in this
segment as well."
"On April 4, 2000, we completed a public offering of 2.8 million
shares at $45 per share. A T M I raised approximately $64 million on
the 1.5 million shares it sold; the remaining 1.3 million shares were
sold by non-management selling shareholders."
A T M I provides specialty materials and related equipment and
services to the worldwide semiconductor industry. Related equipment
includes materials packaging systems, delivery systems, sensors, and a
full line of environmental equipment. Services include materials
management, equipment servicing, and thin film deposition. |
