MANSFIELD, Mass., Apr 18, 2002 (BUSINESS WIRE) --
Helix Technology Corporation (Nasdaq: HELX) today announced financial results for the first quarter ended March 29, 2002.
Net loss for the quarter was $4.5 million, or $(0.19) per diluted share, compared with net income of $5.0 million for the first quarter of 2001, or $0.22 per diluted share. Sales for the first quarter of 2002 were $20.4 million compared with $48.6 million a year ago.
Commenting on first quarter results, Helix President, Robert J. Lepofsky, said, "The 18% improvement in sequential quarterly sales we achieved in the first quarter is indicative of the improving trends in the global semiconductor capital equipment market. Equally important, new order bookings in the first quarter increased 41% over the severely depressed levels reported in the fourth quarter of 2001. Current order booking rates give us confidence in projecting a continuation of improved financial performance.
As a result of the investments we made throughout the downturn in product development, infrastructure improvements and customer support capabilities, as well as the financial flexibility we gained from our recently completed equity offering, we believe that we are very well positioned to take full advantage of the much anticipated industry recovery."
Helix Technology Corporation is a global leader in the development and application of innovative solutions in the field of vacuum technology. Our CTI-Cryogenics and Granville-Phillips product offerings provide a broad range of critical vacuum components and subsystems that are key to the manufacture of semiconductors, flat panel displays, and data storage devices. Our highly regarded Global Support activity leverages Helix's unique On-Board(R) information solutions and our GOLDLink(R) remote diagnostic and monitoring capability to provide ongoing operational support services to semiconductor device producers throughout the world.
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