Align-Rite Reports Rise in Revenue, Earnings
- Share via
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 $22.04 million for the same period in the previous fiscal year. Net income for the first six months of fiscal 1999 increased 22% to $3.59 million or 74 cents per share, against $2.93 million or 61 cents per share, for the comparable period of fiscal 1998.
Align-Rite makes photo masks--quartz or glass plates used to help transfer circuit patterns onto silicon wafers in the production of semiconductors.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
