logo
Share SHARE
FONT-SIZE Plus   Neg

ATMI Q1 Profit Slips

ATMI Inc. (ATMI) 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

Quick Facts

Editors Pick
Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology. While reporting a wider loss for the first quarter, Sears Holdings Corp. said it has decided to "aggressively evaluate" all potential alternatives for its top brands - Kenmore, Craftsman and DieHard or KCD, and the Sears Home Services or SHS businesses. Sears has retained Citigroup Global Markets and LionTree Advisors to assist in its efforts. Philips Lighting, the splinter group of Dutch consumer electronics giant Philips, saw its shares rally around 8.50 percent on its debut on Friday at the Amsterdam stock exchange. The shares are currently at 21.70 euros, above its set pricing of 20 euros per share.
comments powered by Disqus
Follow RTT