SAN JOSE, Calif. Chip-equipment maker ASM International N.V. reported sales of 234.8 million euros ($299.9 million) in the second quarter of 2006, up 14 percent from the first quarter of 2006 and up 28 percent from the second quarter of 2005.
Net earnings were 17.4 million euros ($22.1 million) in the second quarter of 2006, compared to net earnings of 2.6 million euros ($3.3 million) in the first quarter of 2006 and net earnings of 0.5 million euros ($638,606) for the second quarter of 2005.
"The second quarter of 2006 was a good quarter for ASMI with both front-end and back-end segments exceeding expectations," commented Arthur del Prado, president and chief executive officer of ASMI (Bilthoven, the Netherlands), in a statement.
"We made considerable progress in the execution of our plan to bring ASMI's front-end segment to consistent profitability, as evidenced by its positive earnings from operations," he said. "Our back-end segment again reported outstanding results and reached quarterly sales and operating profit record levels, expressed in Hong Kong dollar, exceeding the previous record set in 2000."