SAN JOSE, Calif. For the fourth quarter of 2005, lithography-light source vendor Cymer Inc. reported a net income of $16.4 million, or $0.45 per share, compared to net income of $10.4 million, or $0.28 per share, in the fourth quarter of 2004, and net income of $12.7 million, or $0.35 per share, in the third quarter of 2005.
Total revenue for the fourth quarter of 2005 was $102.8 million, compared to total revenue of $128.1 million in the fourth quarter of 2004, and total revenue of $99.7 million in the third quarter of 2005.
During the first week of January, the company completed a buy-out of the minority shareholder of its Cymer Korea subsidiary.
For the year, net income increased 5 percent to $45.4 million, equal to $1.24 per share, from net income of $43.2 million, equal to $1.15 per share, in 2004. Total revenue for 2005 was $383.6 million, an 8 percent decrease from 2004.
Bob Akins, Cymer's chief executive, was upbeat. "Overall, we're pleased with our fourth quarter and 2005 performance, and we are optimistic about our 2006 prospects,” he said in a statement.
Cymer (San Diego) estimate that total product revenue in the first quarter of 2006 should be up between 15-to-18 percent over fourth quarter 2005 revenue.
Foreign currency adjusted ASPs should be relatively flat with the $1,062,000 reported for the fourth quarter of 2005. “Though we are seeing growing demand for our XLA 300s, our most advanced ArF light source, ASP growth will be offset somewhat by concurrent growth in demand for lower priced, capacity related krypton fluoride light sources,” according to Cymer.