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Technology Stocks : Align-Rite Int'l (MASK) Undervalued compared to PLAB DPMI -- Ignore unavailable to you. Want to Upgrade?

To: Joe Dancy who wrote (118)	10/30/1997 4:47:00 PM
From: BillyG	Respond to of 388

Q2 results (Part 2 of 2)........................ ALIGN-RITE INTERNATIONAL, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (thousands, except per share data) Three Months Ended September 30, 1997 (Unaudited) 1996 NET SALES $11,424 100.0% $9,666 100.0% COST OF SALES 7,234 63.3% 6,026 62.3% GROSS PROFIT 4,190 36.7% 3,640 37.7% SELLING AND GENERAL ADMINISTRATIVE 1,829 16.0% 1,558 16.1% INCOME FROM OPERATIONS 2,361 20.7% 2,082 21.5% INTEREST INCOME 29 0.3% 80 0.8% INCOME BEFORE PROVISION FOR TAXES 2,390 20.9% 2,162 22.4% PROVISION FOR INCOME TAXES 899 7.9% 787 8.1% NET INCOME $1,491 13.1% $1,375 14.2% Earnings per share $0.31 $0.29 Weighted average number of shares: 4,872 4,809 ALIGN-RITE INTERNATIONAL, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (thousands, except per share data) Six Months Ended September 30, 1997 (Unaudited) 1996 NET SALES $22,040 100.0% $19,179 100.0% COST OF SALES 13,832 62.8% 11,944 62.3% GROSS PROFIT 8,208 37.2% 7,235 37.7% SELLING AND GENERAL ADMINISTRATIVE 3,523 16.0% 3,112 16.2% INCOME FROM OPERATIONS 4,685 21.3% 4,123 21.5% INTEREST INCOME 45 0.2% 202 1.1% INCOME BEFORE PROVISION FOR TAXES 4,730 21.5% 4,325 22.6% PROVISION FOR INCOME TAXES 1,791 8.1% 1,610 8.4% NET INCOME $2,939 13.3% $2,715 14.2% Earnings per share: $0.61 $0.57 Weighted average number of shares: 4,853 4,805 ALIGN-RITE INTERNATIONAL INC. CONDENSED CONSOLIDATED BALANCE SHEETS September 30, March 31, 1997 1997 (Unaudited) (Audited) (thousands) ASSETS Current assets: Cash, cash equivalents $6,601 $6,734 Accounts and notes receivable, net 6,841 6,121 Inventories 2,730 2,178 Other current assets 1,109 1,233 Total current assets 17,281 16,266 Property and equipment, net 26,424 22,089 Other assets 1,025 424 Total Assets $44,730 $38,779 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Current liabilities $8,544 $5,540 Total current liabilities 8,544 5,540 Other liabilities 2,130 1,867 Total liabilities 10,674 7,407 Shareholders' equity 34,056 31,372 Total liabilities and shareholders' equity $44,730 $38,779 SOURCE Align-Rite International, Inc.