|A very nice earnings report from HELX this morning.|
MANSFIELD, Mass.--(BUSINESS WIRE)--Oct. 16, 2000--Helix Technology Corporation (Nasdaq:HELX - news) today announced record high net income for the third
quarter ended September 29, 2000, of $13.5 million, or $0.59 per diluted share. Third quarter 2000 earnings increased 181 percent compared to net income of $4.8
million, or $0.21 per diluted share, in the third quarter of 1999. Sales for the third quarter of 2000 also set a new record at $69.9 million and were up 79 percent
when compared with the $39.0 million of sales reported in the same period of 1999.
Net income for the nine months ended September 29, 2000, has grown 246 percent over 1999. Net income for the most recent nine-month period was $31.2 million, or $1.37 per diluted share,
compared with net income of $9.0 million, or $0.40 per diluted share, for the same period in 1999. Sales for the nine-month period were $178.5 million in 2000 versus $97.5 million in 1999.
Commenting on the results, Helix President, Robert J. Lepofsky, said, ``During the third quarter we again set new records for bookings, billings and net income. The coordinated efforts of our own
people and the critical business partners that comprise our supply chain combined to allow us to meet the increasing demands of our customers. New order bookings increased throughout the entire
quarter, reflecting the strength in the global semiconductor capital equipment industry. Given our excellent backlog position, continued strong order booking trends and the breadth of our product
offerings for both OEM customers and end-users, we are quite optimistic about our ability to continue to deliver impressive results going forward.''