November 3, 1998
Burbank-based Align-Rite International posted record revenue and earnings for the fiscal 1999 second quarter, the company reported. Revenue for the second quarter increased 22% to $13.99 million from $11.42 million in the second quarter of fiscal year 1998. Net income for the 1999 second quarter rose by 21% to $1.81 million or 37 cents per share, from 1998's $1.49 million or 31 cents per share. For the six months that ended Sept. 30, revenue increased 26% to $27.68 million, from $22.
August 11, 1998
Increased efficiency and strong global demand helped propel Align-Rite to post record first-quarter revenue and earnings figures, the company reported. First-quarter revenue was $13.69 million, up nearly 30% from the year-ago quarter. Net income for the first quarter rose by 23% to $1.78 million, or 36 cents per diluted share, compared with $1.45 million, or 30 cents per diluted share in the year-ago first quarter.
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.
February 3, 1998
Align-Rite International Inc. posted a 19% jump in its third-quarter net income on a 24% increase in revenues. In the period ending Dec. 31, Align-Rite's net income was $1.48 million, compared with $1.25 million a year earlier, and its revenues in the latest quarter climbed to $11.7 million, up from $9.4 million. For its nine-month period, the company's net income rose 12% to $4.4 million, compared with a profit of $3.
December 16, 1997
Align-Rite International Inc. expects a slight decline in revenues and earnings this quarter compared to its record performance in the quarter ended September. 30. For its third quarter, which ends December. 31, net earnings are expected to be 29 or 30 cents per share, compared to estimates by financial analysts of 33 cents. The company expects the shortfall to be temporary, attributing it to a slowdown in orders from four U.S.
November 4, 1997
Burbank-based Align-Rite International Inc. posted its second-highest income and sales in company history during its second quarter. Earnings for the three months that ended Sept. 30 were $1.5 million, up 7% from $1.4 million a year ago, while sales rose to $11.4 million, up 19% from $9.6 million in 1996. For the six months, Align-Rite reported earnings of $2.9 million, up 7% from $2.7 million in 1996, and sales of $22 million, up 15% from $19.2 million a year earlier.