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Align Rite International Inc

BUSINESS
June 4, 1996
Align-Rite International Inc. posted record net income and record revenue for its fiscal year that ended March 31. The Burbank-based company posted net income of $4.96 million for the year, a 45% increase from net income of $3.42 million in 1995. Revenue for the latest year rose 31% to $33.3 million, up from $25.4 million a year earlier. In the fourth quarter, Align-Rite's profit climbed 12% to $1.33 million, up from $1.19 million last year. Sales in the latest quarter jumped 29% to $8.
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BUSINESS
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.
BUSINESS
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.
BUSINESS
February 13, 1996
Align-Rite International Inc., a Burbank maker of photomasks for the semiconductor industry, posted record earnings and revenues for the fiscal third quarter ending Dec. 31. Earnings for the quarter were $1.35 million, up from $597,000 a year earlier. Revenues were $8.6 million, up 46% from $5.9 million for the corresponding year-earlier period. For the nine months that ended Dec. 31, earnings were up 63% to $3.6 million from $2.2 million in the same period a year earlier.
BUSINESS
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.
BUSINESS
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.
BUSINESS
July 4, 1995 | JILL LEOVY, TIMES STAFF WRITER
CEO Jim MacDonald says it's just tenacity that kept Align-Rite International Inc. chugging ahead as rivals on every side closed shop or got swallowed by big conglomerates. That tenacity has earned the newly public Burbank company a seat at a very exclusive table. Following a massive consolidation of its industry, Align-Rite is now one of only four independent companies in this country doing significant business in photomasks--a high-tech product critical to the production of computer chips.
BUSINESS
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.
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