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FSI INTERNATIONAL, INC. ANNOUNCES SALES AND INCOME GAINS FOR FISCAL THIRD QUARTER AND NINE MONTHS

 MINNEAPOLIS, June 16 /PRNewswire/ -- FSI International, Inc. (NASDAQ: FSII), a manufacturer of capital equipment for the semiconductor industry, today reported strong increases in sales and earnings for the fiscal 1993 third quarter and nine months ended May 29, 1993.
 For the third quarter, sales rose to $20.9 million, up 55 percent from $13.5 million in the year-earlier period. The company's net income totaled $668,000, or $.14 per share, a significant turnaround from a loss of $100,000, or $.02 per share, last year.
 For the first nine months of fiscal 1993, sales increased 86 percent to $58.1 million from $31.3 million in the year-earlier period. The company's 1993 first nine months net income was $2.0 million, or $.43 per share, versus a net loss of $3.4 million, or $.82 per share, last year.
 According to Joel Elftmann, FSI chairman, president and chief executive officer, "Order activity in all three core businesses -- microlithography, surface conditioning and chemical management -- was strong during the quarter, resulting in this year's highest order backlog. During the quarter, orders exceeded shipments. Although the orders can be canceled or delayed by customers, we expect the increasing backlog to have a continued positive effect on sales in future quarters."
 Elftmann said the company is especially pleased with the growing acceptance of its POLARIS microlithography cluster tool. During the third quarter, FSI announced its first major POLARIS order in Europe to Ericsson-Sweden. With that order and the multi-unit order from Texas Instruments that was also announced in the third quarter, FSI has received more than 40 POLARIS orders in fiscal 1992 and 1993.
 Concluded Elftmann, "We see a growing number of opportunities for POLARIS and our other core products domestically and overseas. Certain U.S. semiconductor manufacturers are proceeding with new manufacturing facilities and expansions. While considerable pricing pressures remain in a highly competitive environment, these facilities will require sophisticated equipment. FSI anticipates benefiting from these manufacturing investments and from our high backlog, both in the fourth quarter of fiscal 1993 and in fiscal 1994. We continue to focus on maximizing our sales opportunities and on improving profit margins and controlling operating expenses."
 FSI International, Inc. is a leader in producing automated surface conditioning equipment for processing silicon wafers. The company develops, manufactures, markets and services spray processing systems, vapor phase processing systems, photoresist processing cluster tools, and chemical management systems for use in the fabrication of advanced semiconductor integrated circuits. FSI's customers include semiconductor manufacturers located throughout North America, Europe, Japan and the FarEast.
 FSI INTERNATIONAL, INC.
 SUMMARY CONSOLIDATED FINANCIAL DATA
 (In thousands, except per share data)
 (Unaudited)
 Third Quarter Ended Nine Months Ended
 5/29/93 5/30/93 5/29/93 5/30/93
 Income Statement Data:
 Sales $20,909 $13,528 $58,072 $31,307
 Gross Profit 7,648 5,701 20,708 12,521
 Selling, General and
 Administrative Expenses 3,762 3,061 10,204 7,956
 Research and Development
 Expenses 3,327 2,678 8,438 6,992
 Operating Income (Loss) 559 (38) 2,066 (2,427)
 Interest Expense (141) (140) (433) (272)
 Other Income (Expense), Net 1 5 (127) 37
 Income (Loss) Before
 Income Taxes 419 (173) 1,506 (2,662)
 Income Tax Expense 127 -- 227 267
 Equity in Earnings (Loss) of
 Affiliates 376 73 717 (465)
 Net Income (Loss) $668 $(100) $1,996 $(3,394)
 Net Income (Loss)
 per Common Share $.14 $(.02) $.43 $(.82)
 Weighted Average Common
 Shares 4,686 4,203 4,611 4,119
 5/29/93 8/29/92
 (unaudited) (audited)
 Balance Sheet Data:
 Assets:
 Cash and Cash Equivalents $3,561 $179
 Receivables, Net 12,364 13,434
 Inventories 11,208 13,330
 Total Current Assets 29,444 29,064
 Total Assets 36,807 36,151
 Liabilities and Equity
 Short-Term Debt 2,613 4,842
 Total Current Liabilities 16,340 18,143
 Long-Term Debt 457 866
 Stockholders' Equity 20,010 17,142
 -0- 6/16/93
 /CONTACT: Marian Briggs, 612-871-8877, of Padilla Speer Beardsley, for FSI; or Benno Sand, 612-448-8936 of FSI/
 (FSII)


CO: FSI International, Inc. ST: Minnesota IN: CPR SU: ERN

DB -- MN002 -- 2500 06/16/93 09:30 EDT
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Date:Jun 16, 1993
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