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Cabot Microelectronics has record revenue for 4Q 2013.

TELECOMWORLDWIRE-October 30, 2013-Cabot Microelectronics has record revenue for 4Q 2013(C)1994-2013 M2 COMMUNICATIONS http://www.m2.com

Cabot Microelectronics Corp. (NASDAQ: CCMP) has reported total revenue during the fourth fiscal quarter of 2013 was USD116.3m, which represents a record revenue level for the company.

This reflects an increase of 5.1 percent compared to the same quarter last year and an increase of 5.7 percent from the prior quarter, on solid demand for the company's products.

The company achieved a gross profit margin of 50.9 percent of revenue in the fourth fiscal quarter, which is the highest level since December 2009, and diluted earnings per share of USD0.70, an increase of 42.9 percent compared to the prior year quarter. For the full fiscal year, the company achieved revenue of USD433.1m, a gross profit margin of 49.0 percent of revenue, which is the highest level since full fiscal 2010, and diluted earnings per share of USD2.16, 23.4 percent higher than in the prior year. The company's balance sheet reflects a cash balance of USD226.0m, which is USD24.4m higher than in the prior quarter and USD47.6m higher than last year, and USD161.9m of debt outstanding as of September 30, 2013.

Cabot Microelectronics, headquartered in Aurora, Illinois, is the world's leading supplier of CMP polishing slurries and a growing CMP pad supplier to the semiconductor industry. For more information about Cabot Microelectronics Corp., visit www.cabotcmp.com

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Publication:Telecomworldwire
Article Type:Financial report
Date:Oct 30, 2013
Words:260
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