Helix Technology Corporation Reports Fourth Quarter and Full-Year 2001 Results
MANSFIELD, Mass., Feb 21, 2002 (BUSINESS WIRE) -- Helix Technology Corporation (Nasdaq: HELX) today announced financial results for both the fourth quarter and the full year 2001. Net loss for the fourth quarter ended December 31, 2001, was $3.6 million, or $(0.16) per diluted share, compared with net income of $14.7 million, or $0.65 per diluted share, for the fourth quarter of 2000. Sales for the fourth quarter of 2001 were $17.3 million, versus $74.6 million a year ago.
Net loss for the twelve months ended December 31, 2001, was $5.9 million, or $(0.26) per diluted share, compared with net income of $45.9 million, or $2.02 per diluted share, reported for 2000. Sales for 2001 were $113.0 million, compared with $253.1 million in 2000.
Commenting on the results, Helix President, Robert J. Lepofsky, said, "Over the course of the past year we have had to balance the effect of a challenging semiconductor capital equipment market with our own commitment to unmatched customer responsiveness in every area of our business. We remained committed to expanded initiatives in new product development and the operational support of our large installed base of equipment. As a result, we are extremely well positioned to take advantage of the eventual upturn that will occur in our principal markets. While our fourth quarter results were limited by extensive year-end plant closings by our customers throughout the world, we are encouraged by the order booking rates we have been experiencing since the beginning of the new year. We are currently projecting improved sequential quarterly performance as a result of our quarter-to-date order booking rates and the generally positive statements made by many of our largest customers over the past two weeks." |
