SpeedFam Intl Q3 results
CHANDLER, Ariz., March 25 (Reuters) -
SpeedFam International, Inc. and Consolidated Subsidiaries
Condensed Consolidated Statements of Operations
(dollars and shares in thousands, except per share data)
Three Months Ended Nine Months Ended
Feb. 28, Feb. 28, Feb. 28, Feb. 28,
1999 1998 1999 1998
Revenue:
Net sales $31,295 $47,004 $90,985 $152,818
Commissions
from affiliate 781 1,376 1,518 5,936
Total revenue 32,076 48,380 92,503 158,754
Cost of sales 21,355 28,341 61,573 90,941
Gross margin 10,721 20,039 30,930 67,813
Research,
development and
engineering 7,468 7,669 26,919 22,372
Selling,
general and
administrative 9,492 8,726 25,045 26,814
Operating
profit
(loss) (6,239) 3,644 (21,034) 18,627
Other income,
net 1,645 1,581 5,233 3,851
Earnings
(loss)
from
consolidated
companies
before income
taxes (4,594) 5,225 (15,801) 22,478
Income tax
expense
(benefit) (2,332) 1,822 (8,009) 7,966
Earnings (loss)
from consolidated
companies (2,262) 3,403 (7,792) 14,512
Equity in net
earnings of
affiliates 211 1,740 1,640 3,808
Net earnings
(loss) (2,051) 5,143 (6,152) 18,320
Net earnings
(loss) per
share:
Basic (0.13) 0.32 (0.38) 1.25
Diluted (0.13) 0.31 (0.38) 1.19
Weighted
average number
of shares:
Basic 16,166 15,861 16,113 14,641
Diluted 16,166 16,429 16,113 15,391
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