May 23, 1995
Align-Rite International Inc., a Burbank-based maker of photo masks, is going public. The company is offering 1.2 million shares, with stockholders offering an additional 600,000 shares, according to documents filed with the Securities and Exchange Commission. The expected offering price is between $11 and $13 per share. The proceeds will be used to repay outstanding debt, acquire capital equipment and for general corporate purposes. For fiscal 1995, the company reported a net income of $3.
November 21, 1995
Align-Rite International Inc. posted a 74% jump in net income on a 25% increase in sales for the second quarter that ended Sept. 30. The Burbank company, which makes precision quartz or glass plates used by semiconductor makers to transfer circuit patterns onto silicon wafers, earned $1.2 million in the latest quarter, up from a $706,000 profit a year earlier. Quarterly sales rose to $8 million, up from $6.4 million last year. For the six-month period, the company's net income grew 40% to $2.
April 2, 1996
Align-Rite International Inc. said it plans a $10-million expansion of its manufacturing operations in Europe that would boost its production capacity by more than 40%. The expansion program will be completed by July 1997. The Burbank-based company, which has customers in 20 countries, manufactures photomasks, which are quartz or glass plates used by semiconductor manufacturers as master images to transfer circuit-board patterns onto silicon wafers.
June 9, 1998
Align-Rite International Inc. reported record fourth-quarter revenue of nearly $13 million, up 38% from $9.5 million in the fourth quarter of fiscal 1997. It marked the fifth consecutive quarter of growth for the Burbank-based company, which makes photo masks--glass plates used by semiconductor makers in the production of integrated circuits. Revenue for the fiscal year that ended March 31 rose 23% to $46.7 million from $38 million the previous year.
March 26, 1996
Align-Rite International Inc. in Burbank signed a five-year joint marketing effort with a Taiwanese concern, Innova Inc., which supplies products to the semiconductor industry. Align-Rite manufactures photo masks, which are quartz plates used by semiconductor manufacturers as master images to transfer circuit patterns onto silicon wafers. Align-Rite primarily markets its products to the U.S. and Europe, and its deal with Innova will expand its presence in the Pacific Rim.
December 12, 1995
Align-Rite International Inc., a Burbank maker of equipment used in the manufacture of semiconductors, said it will expand its leased manufacturing facilities in Burbank during the next year. The $9-million expansion will increase the company's manufacturing capacity by 50%. Chief financial officer Peter Katurich said the expansion is prompted by increased demand for the company's products, called photomasks, due to the rapid growth of the semiconductor market.