SAN DIEGO — Despite a continuing slowdown in the semiconductor industry, sales at Cohu Inc. remained strong and 1984 net income jumped to $1.7 million from $1.2 million in the year earlier.
The maker of semiconductor test equipment, television cameras and metal detectors said Wednesday that revenue rose to $23.6 million from $20 million the prior year. The year-end backlog of orders rose to $8.3 million from $5.7 million. The results include a gain on land sales of $205,672, compared to a similar gain of $160,000 the prior year.
For the fourth quarter, net income rose to $503,033 from $368,274 a year earlier. Revenue rose to $6.4 million from $6 million.
The company said results of its Broadcast Microwave Services Inc. unit, which was acquired last December for about $400,000 in common stock, won't be reflected in Cohu's consolidated figures until the first quarter of 1985.