elix Reports Third Quarter Results
2004-10-22 08:43 (New York)
MANSFIELD, Mass.--(BUSINESS WIRE)--Oct. 22, 2004
Helix Technology Corporation (Nasdaq: HELX) today
announced results for the third quarter ended October 1, 2004. Net
income for the quarter was $5.8 million, or $0.22 per diluted share,
compared with a net loss of $9.1 million, or $(0.35) per diluted
share, for the third quarter of 2003. Net income for the 2004 quarter
was positively impacted by a $0.04 per diluted share adjustment in our
tax provision due to a substantially lowered estimated full-year tax
rate. Sales for the third quarter of 2004 were $40.4 million, compared
with $26.0 million a year ago.
Net income for the nine months ended October 1, 2004, was $16.8
million, or $0.64 per diluted share, compared with a net loss of $11.9
million or $(0.46) per diluted share, for 2003. Sales for the
nine-month period were $124.8 million in 2004 versus $74.2 million in
2003.
Commenting on the third quarter, Helix President and Chief
Executive Officer, Robert J. Lepofsky, said, "While revenues were
constrained by the recent softening in the semiconductor capital
equipment market, we are pleased with our strong third quarter gross
margin, operating income and balance sheet performance. These results
are reflective of the strength of our business model and our ability
to quickly adjust to changing market conditions. Despite short-term
uncertainty, we continue to have confidence in our strategic
direction. Customers throughout the world recognize the value inherent
in the newer product and service support offerings which are at the
foundation of our longer-term growth prospects."
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 components and subsystems that are
key to the manufacture of semiconductors, flat panel displays and data
storage devices. In addition, our highly regarded Global Support
activity provides critical ongoing operational support services to
semiconductor device producers throughout the world. |
