Rudolph Technologies Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011; Provides Tax Rate Guidance for the Year 2012; Provides Gross Margin Guidance for the First Quarter of 2012
January 30, 2012 at 09:05 pm
Share
Rudolph Technologies Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net income of $6,230,000 or $0.20 per basic share and $0.19 per diluted share on revenue of $43,620,000 against net income of $9,554,000 or $0.30 per basic and diluted share on revenue of $54,011,000 a year ago. Operating income was $200,000 compared to $10,951,000 a year ago. Loss before income taxes was $1,019,000 compared to income before income taxes was $10,891,000 a year ago. Non-GAAP operating income was $7,082,000 compared to $13,047,000 a year ago. Non-GAAP net income was $5,007,000 or $0.15 per diluted share compared to $11,339,000 or $0.36 per diluted share a year ago. The fourth quarter results were negatively impacted by the cost associated with the patent lawsuit and positively impacted by the reversal of certain valuation allowances against the company's deferred tax assets. Capital expenditures in the quarter were $256,000. The company generated $9.9 million in cash from operations.
For the year, the company reported net income of $25,226,000 or $0.79 per basic share and $0.78 per diluted share on revenue of $187,196,000 against net income of $27,015,000 or $0.86 per basic and diluted share on revenue of $195,305,000 a year ago. Operating income was $21,472,000 compared to $30,625,000 a year ago. Income before income taxes was $20,394,000 compared to $30,537,000 a year ago. Non-GAAP operating income was $34,662,000 or $0.91 per diluted share compared to $39,971,000 or $1.10 per diluted share a year ago. Non-GAAP net income was $29,206,000 compared to $34,526,000 a year ago. Capital expenditures for the year were $1.6 million. The company generated $45.4 million in cash from operations.
For the year, 2012, the company anticipates its effective tax rate will be approximately 26%.
For the first quarter of 2012, the company expects to maintain its gross margins in the 53% to 54% range.
Onto Innovation Inc. is engaged in the design, development, manufacture and support of metrology and inspection tools for the semiconductor industry. The Companyâs products include Automated Metrology Systems; Integrated Metrology Systems; Silicon Wafer All-surface Inspection/Characterization; Macro Defect Inspection; Automated Defect Classification and Pattern Analysis; Yield Analysis; Opaque Film Metrology, and others. Its products are primarily used by silicon wafer manufacturers, semiconductor integrated circuit fabricators, and advanced packaging manufacturers operating in the semiconductor market. Its products are also used for process control in a number of other specialty device manufacturing markets, including light emitting diodes, vertical-cavity surface-emitting lasers, micro-electromechanical systems, CMOS image sensors, silicon and compound semiconductor power devices, analog devices, RF filters, data storage, and certain industrial and scientific applications.
Rudolph Technologies Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011; Provides Tax Rate Guidance for the Year 2012; Provides Gross Margin Guidance for the First Quarter of 2012