Here is IBD article dated 3/23/98...this is a scanned copy...try to correct mistakes but may miss a few.
PLASMA-ThERM INC.
(PTIS) ANNOUNCES RECORD
FIRST QUARTER 1998 RESULTS
ST.PETERSBURG, FL - Plasma-
Therm: Inc. (Nasdaq: PTIS) announced
its first quarter 1998 results and, in
comparison to first quarter 1997, re-
ported a record 30% increase in reve-
nue, a 77% increase in net income, as
well as a 63% increase in earnings per
share.
For the three months ended February
28, 1998, the Company reported net
income of $1,474,000, an increase of
$642,000 over the same period in 1997.
Net income for the first quarter of 1998
represented 12% of sales, an increase of
3% over the first quarter 1997 figure of
9%.Earnings per share (basic and
diluted) for the quarter came in at $0.13,
an increase of $0.05 in comparison to the
same period in 1997. The average shares
outstanding used in computing Income
per share was 11,284,000 in 1998 and
10,757,000 in 1997. Plasma-Therm also
reported net sales for the quarter of
$12,312,000, an Increase of $2,831,000
compared to the first quarter of 1997.
Commenting on the Company's re-
sults, Scott Deferrari, President & COO
stated, "We are extremely pleased in
having had such a successful first quar-
ter. I attribute this success to our market
diversification and the production-pro-
ven reliability of Plasma-Therm's equip-
ment systems."
In comparison to first quarter 1997,
backlog orders grew 33% to $16 million.
Conversely, in comparison to fourth
quarter 1997, backlog declined 16%,
moving from $19 million to $16 million, a
direct result of cancellations from a
Korean and a thin film head customer.
Otherwise, P11's book to bill was slightly
less than 1 to 1. Mr. Deferrari noted that
"We currently have no 'suspect' Asian or
thin film head orders in backlog and we
expect second quarter backlog to in-
crease consistent with planned growth."
Looking forward to the rest of 1998,
Deferrari stated, "Even with the chal
lenges our industry is facing, I artt
confident that PTI will maintain its
competitive edge in marketing, techno-
logical development and customer serv-
ice. Further, I anticipate continued
momentum throughout the year culmi-
nating in PTI meeting its 1998 revenue
and income goals as outlined in the
Company's year end announcement."
The statements contained In this re-
lease which are not historical facts may
be deemed to contain forward-looking
statements with respect to events, the
occurrence of which involve risks and
uncertainties, including without limita-
tion, demand and compettion for the
Company's services and products and
other risks or uncertainties detailed in
the Company's Securities and Exchange
Commission filings.
Plasma-Therm, Inc., headquartered in
St. Petersburg, Florida, is a leading
producer of plasma process equipment
primarily used by manufacturers requir-
ing expertise In thin film etching and
deposition. More information about PTI
may be obtained by visiting their website
at http.www.plasmatherm.com
CONTACT: Scott Deferrari, President-
Chief Operating Officer, or Nick Goetz,
Vice President~orporate Secretary,
both of Plasma-Therm, (813) 5774999; E-
mall, info@plasmatherm.com, website:
http:I/www.plasmatherm.com
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