logo
Share SHARE
FONT-SIZE Plus   Neg

ATMI Q1 Profit Slips

ATMI Inc. (ATMI: Quote) Wednesday reported a decline in profit for the first quarter, due mainly to lower revenues.

The Danbury, Connecticut-based company reported a first-quarter net profit of $3.86 million or $0.12 per share, compared to $8.01 million or $0.25 per share last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter dropped 8 percent to $92.57 million from $100.72 million in the prior-year quarter. Four analysts had a consensus revenue estimate of $97.19 million for the quarter.

Chief Financial Officer Tim Carlson said, "We had $2.3 million of SDS integration, transition and operational spending during the quarter and anticipate completing the China business transition during the second quarter. Once completed, we anticipate incremental revenues of $7 million to $8 million per quarter and $0.08 to $0.09 of incremental quarterly earnings per diluted share as compared to our pre-transaction run-rate."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
'Booth babes' will not be seen at the RSA Conference scheduled to be held next month, as the exhibitors have added a new clause to its rules that ban revealing clothes. Although, RSA did not use the term "booth babe," its contract clearly explains that staff deployed at booths should wear business... Election fever has gripped the UK as Prime Minister David Cameron on Monday urged his people to prudently choose either a prosperous future under his Conservative Party or economic ruin under the Labour Party headed by Ed Miliband. Fast food giant McDonald's Corp. (MCD), reportedly plans to serve its breakfast menu for the whole day. According to a CNBC report citing analysts from Janney Capital Markets, McDonald's is planning to test serve breakfast for the whole day at select locations starting in the next few months. "Our...
comments powered by Disqus
Follow RTT