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ASM INTERNATIONAL N.V. REPORTS SECOND QUARTER AND SIX MONTHS OPERATING RESULTS

 ASM INTERNATIONAL N.V. REPORTS SECOND QUARTER
 AND SIX MONTHS OPERATING RESULTS
 BILTHOVEN, The Netherlands, Aug. 26 /PRNewswire/ -- ASM International N.V. (NASDAQ: ASMIF) today reported lower revenues and operating losses for the second quarter and six months, ended June 30, 1992.
 For the six months, revenues declined 22 percent to Dfls 197.5 million from Dfls 250.0 million. Second quarter revenues of Dfls 112.7 million were 27 percent below the Dfls 155.0 million for the corresponding period in the prior year. The 1991 revenue figures include Dfls 39.8 million and Dfls 27.7 million, respectively, from a technology contract with the former USSR.
 On lower volume, ASM International incurred a half-year loss of Dfls 19.2 million, equal to a loss of Dfls 2.59 per share, compared to net income of Dfls 7.0 million, or Dfls 0.94 per share. The second quarter loss totaled Dfls 8.9 million, or Dfls 1.20 per share, versus a profit of Dfls 2.7 million, or Dfls 0.36 per share for the three month period in 1991. The prior year income figures included non-operating income of Dfls 10.2 million from the sale of 10 percent of the common stock of ASM Pacific Technology Ltd.
 Arthur H. del Prado, president and chief executive officer of this Netherlands-headquartered manufacturer of semiconductor equipment, said that the company's worldwide operations showed mixed results. The reported loss was incurred in the company's front-end, or wafer processing, equipment businesses, with the extended standstill in Japanese capital spending commitments and an eroded European market for wafer processing equipment having the most adverse impact on operations.
 "On the positive side, our profitable US-based epitaxial reactor operations are strengthening their world leadership position with an enlarged installed base during a flat year for this industry segment. Epitaxy, a critical processing step for denser and more complex devices, is expected to be one of the fastest growing segments of wafer processing through this decade," added del Prado. "We are also gratified with the early acceptance of our vertical thermal reactor which is making a significant contribution to our current front-end equipment backlog."
 ASM's back-end, or assembly and encapsulation, equipment business, which currently accounts for more than half of total revenues, maintained good margins on generally steady order flow. "ASM Pacific Technology Ltd., our majority-owned Asian subsidiary producing die and wire bonders and leadframe materials, was particularly strong. This was the result of earlier investments in cost-efficient manufacturing facilities in China and Singapore as well as a strong recovery in our leadframe division, which is often a bellwether for the industry." The half-year results of ASM Pacific Technology showed a 31 percent growth in revenues and more than double the level of profits for the similar period a year earlier.
 At June 30, 1992, backlog stood at Dfls 183 million, 9 percent less than the level of Dfls 201 million reported at March 31, 1992, but 3 percent higher than the Dfls 178 million at year end 1991.
 "Reflecting ASM's determination to integrate and turnaround all our front-end equipment activities in Europe, the U.S. and Japan, we are taking a number of steps to reduce costs long term. Expenses related to this reorganization may have short-term negative effects on operating results.
 "At the same time, we are encouraged by early indications of improved business activity for selected areas of wafer processing equipment which could be realized by the fourth quarter of this year," stated del Prado. The company anticipates a strong showing by its U.S. operations, led by its epitaxial and vertical thermal reactors, and strong improvement in its Japanese operations reflecting early indications of new investment commitments for capital equipment.
 Advanced Semiconductor Materials International N.V. (ASM International), headquartered in Bilthoven, the Netherlands, designs, manufactures and markets equipment and materials used to produce semiconductor devices. The company provides production solutions for the wafer processing, assembly and encapsulation areas through its facilities in Japan, the United States, Europe and Asia. U.S. operations are headquartered in Phoenix, Ariz. The company's stock is traded in the United States on the NASDAQ National Market System under the symbol "ASMIF".
 At June 30, 1992, 1.7220 Dutch guilders equaled one U.S. dollar.
 ASM INTERNATIONAL N.V.
 Consolidated Statements of Earnings
 (Thousands except per share, unaudited, in Netherlands guilders)
 Period ended Three months Six months
 June 30 1992 1991 1992 1991
 Net sales Dfls 112,728 155,008 197,499 249,050
 Cost and expenses:
 Cost of sales 67,675 104,838 120,500 163,664
 Selling,General & Admin. 30,849 34,124 60,212 60,370
 Research and development 12,393 9,594 21,606 19,360
 Interest, net 5,125 4,750 9,823 9,440
 Foreign currency transaction
 (gains) losses 1,558 (1,589) (373) (1,836)
 Total 117,600 151,717 211,768 250,998
 Earnings (loss) before
 income taxes, non-operating
 income and minority interest
 in net earnings of subsidiary (4,872) 3,291 (14,269) (1,948)
 Income taxes (credit) 1,219 (459) 1,367 (23)
 Earnings (loss) before non-
 operating income and minority
 interest in net earnings of
 subsidiary (6,091) 3,750 (15,636) (1,925)
 Non-operating income:
 Gain on sale of common
 stock of subsidiary -- -- -- 10,155
 Earnings before minority
 interest in net earnings
 of subsidiary (6,091) 3,750 (15,636) 8,230
 Minority interest in net
 earnings of subsidiary 2,820 1,087 3,555 1,268
 Net earnings (loss) Dfls (8,911) 2,663 (19,191) 6,962
 Earnings (loss) per share:
 Before non-operating income
 and minority interest Dfls (0.82) 0.51 (2.11) (0.26)
 Before minority interest (0.82) 0.51 (2.11) 1.11
 Net earnings (loss) (1.20) 0.36 (2.59) 0.94
 Weighted average number of
 common and common equivalent
 shares outstanding 7,404 7,404 7,404 7,404
 NOTE: At June 30, 1992, 1.7220 Dutch guilders equaled one U.S. dollar.
 -0- 8/26/92
 /CONTACT: Hans Peter Hukshorn of ASM International N.V., 011-31-30-28-18-36, or Mary Jo Dieckhaus of Dieckhaus, Dunlap & Wartski, Ltd., 212-686-8144, for ASM International N.V./
 (ASMIF) CO: ASM International N.V. ST: IN: CPR SU: ERN


TM-OS -- NY001 -- 3309 08/26/92 08:17 EDT
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Date:Aug 26, 1992
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