NANO*...posts 3Q EPS $0.33 vs. $0.10
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 19, 2000--Nanometrics Incorporated (Nasdaq:NANO - news) today reported record revenues and profits for the third quarter ended September 30, 2000.
Total revenues for the third quarter of 2000 were $20.7 million, an increase of 110% over the third quarter of 1999. The increase in sales during the third quarter of 2000 resulted from continued strong demand for semiconductor process control metrology equipment particularly in the U.S. and Pacific Rim countries. Net income in the third quarter of 2000 was $4,040,000 or $0.33 per diluted share compared to a net income of $900,000 or $0.10 per diluted share for the same period last year.
For the nine months ended September 30, 2000, Nanometrics' revenues increased 134% to $55.0 million compared to revenues of $23.5 million for the same period in 1999. Net income for the first nine months of 2000 was $9,797,000, or $0.83 per diluted share, compared to a net income of $1,003,000 or $0.11 per diluted share for the same period in 1999. The Company's financial position continues to be strong with cash and short-term investments totaling $74.0 million and working capital of $99.6 million.
About Nanometrics
Nanometrics Incorporated is a leading supplier of automated metrology equipment used in integrated circuit, flat panel display and magnetic head manufacturing. The Company's corporate office is located at 310 DeGuigne Drive, Sunnyvale, CA 94086, with sales and service offices worldwide. Nanometrics is traded on NASDAQ under the symbol NANO. Nanometrics' website is nanometrics.com. |
