FSI International, Inc. – FSII – Announces Q3 and First Nine Months Fiscal 2012 Financial Results
FSI International, Inc. (Nasdaq: FSII), a manufacturer of capital equipment for the microelectronics industry, today reported financial results for the third quarter of fiscal 2012 and for the first nine months ended May 26, 2012.
FSII generated $28 million in cash from operating activities during the quarter and ended the third fiscal quarter with $51 million in cash and cash equivalents, restricted cash and long-term securities
FSII – Fiscal 2012 Third Quarter and First Nine Months
Sales for the third quarter of fiscal 2012 increased 98 percent to $50.8 million, compared to $25.6 million for the same period in fiscal 2011. The company’s net income for the third quarter of fiscal 2012 was $10.0 million, or $0.25 per share, compared to net income of $4.1 million, or $0.10 per share, for the third quarter of fiscal 2011. Third quarter fiscal 2012 financial results included $433,000 of non-cash stock-based compensation charges, compared to $274,000 in the prior year comparable period. Fiscal 2012 third quarter results included a $677,000 impairment charge associated with the Company’s investment in its Japanese distributor.
Sales for the first nine months of fiscal 2012 were $102.5 million, compared to $67.2 million for the same period of fiscal 2011. The company’s net income for the first nine months of fiscal 2012 was $10.7 million, or $0.27 per share, as compared to net income of $6.5 million, or $0.17 per share for the first nine months of fiscal 2011. The financial results for the first nine months of fiscal 2012 included $1.2 million of non-cash stock-based compensation charges, compared to $0.7 million in the prior year comparable period. Year-to-date fiscal 2012 financial results included a $677,000 impairment charge associated with the Company’s investment in its Japanese distributor.
About FSI – FSII
FSI International, Inc. (FSII) is a global supplier of surface conditioning equipment, technology and support services for microelectronics manufacturing. Using the company’s broad portfolio of cleaning products, which include batch and single-wafer platforms for immersion, spray and cryogenic aerosol technologies, customers are able to achieve their process performance flexibility and productivity goals. The company’s support services programs provide product and process enhancements to extend the life of installed FSI equipment, enabling worldwide customers to realize a higher return on their capital investment.
More Posts by this author
- Gold Prices Edge Lower
- Stocks End on a Mixed Note
- Stocks Marginally Lower after Fed Policy Statement
- Gold Prices Lower ahead of Fed Decision; Silver Prices in Green
- Quest Software – QSFT – Amended its previously announced merger agreement with affiliates of Insight Venture Partners
- Stocks Struggle for Direction Ahead of Fed Decision
- Nidec – NJ – To Acquire Shares in Jiangsu Kaiyu Auto Appliance in China
 |
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
|
