PLASMA-THERM ANNOUNCES SECOND QUARTER 1992 RESULTS
PLASMA-THERM ANNOUNCES SECOND QUARTER 1992 RESULTS ST. PETERSBURG, Fla., July 14 /PRNewswire/ -- Plasma-Therm, Inc.
(NASDAQ: PTIS) today reported net income of $158,989 ($.02 per share) on sales of $3,914,315 for the three months ended May 31, 1992.
For the same quarter in fiscal 1991 the company incurred a net loss of $272,708 ($.03 per share) on revenues of $4,742,646. Income (loss) per share was computed based on 8,120,592 and 8,173,911 outstanding shares for 1992 and 1991, respectively. For the six months ended May 31, 1992, the company reported sales of $8,122,857 vs. $9,187,570 for the comparable 1991 period. Net income for the first half of fiscal 1992 amounted to $295,983 ($.04 per share) compared to a net loss of $570,682 ($.07 per share) for the same period in fiscal 1991. Income (loss) per share was computed based on 8,109,187 outstanding shares in 1992 and 8,127,467 shares in 1991. Management added, that despite the expected sales decline, it is pleased that the cost cutting measures initiated in 1991 have resulted in a return to profitability in 1992. However, due to the economic slowdown, the company said it anticipates that sales and profits for the remainder of the year will remain at or below levels of the first half of the year. In another matter, the company noted that the pending spin-off of its RF Power Products subsidiary is proceeding and that final SEC approval is anticipated shortly. Plasma-Therm, Inc., headquartered in St. Petersburg, is a producer of plasma process systems used primarily by manufacturers of semiconductor devices. /delval/ -0- 7/14/92 /CONTACT: Ronald Deferrari of Plasma-Therm, 813-577-4999/ (PTIS) CO: Plasma-Therm, Inc. ST: Florida IN: SU: ERN
MK-MJ -- PH024 -- 9202 07/14/92 15:06 EDT
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|Date:||Jul 14, 1992|
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