ESI Announces Fiscal 2001 First Quarter Sales and Earnings
Portland, Oregon (September 18, 2000) -- Electro Scientific Industries Inc. (Nasdaq™ – ESIO) announced record results for its fiscal 2001 first quarter, ended September 2, 2000. First quarter sales were $129 million, an increase of 18% over fourth quarter sales of $109 million. Earnings were $23.3 million, or $0.83 per diluted share, up 35% over fourth quarter earnings of $17.2 million, or $0.61 per diluted share.
"This record performance demonstrates the broad based strength we are seeing in our business," said Donald R. VanLuvanee, ESI's Chief Executive Officer and President. "The continued growth in sales of our Electronic Component Systems products is evidence of success in penetrating the in-house, captive market segment. The Semiconductor Yield Improvement business achieved record results, with strong demand for traditional memory segments and broadened applications of embedded memory in logic devices."
Backlog was $197 million on September 2, 2000, compared to $169 million at the end of fiscal 2000 on June 3, 2000.
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