KALISPELL, Mont.--Semitool Inc. here today reported net sales increased 94% to $70.7 million in the company's fourth fiscal quarter, ended Sept. 30, compared to $36.5 million in the same period last year. Sequentially, Semitool's sales grew 9% from the prior three-month period.
The supplier of copper electroplating tools and cleaning systems for wafer fabs said its net income reached a record $8.6 million, or $0.30 per diluted share, compared to $6.9 million, or $0.24 per share, in the period last year. Semitool's earnings beat Wall Street's consensus of $0.27 per share, based on a survey of analysts by First Call/Thomson Financial.
For the fiscal 2000 year, ended Sept. 30, Semitool posted a record net income of $24.4 million, compared with a net loss of $6.7 million last year. The company's net sales nearly doubled in the fiscal 2000 year, coming in at $239.4 million vs. $122.5 million last year.
During the fiscal year, orders more than tripled for Semitool's electrochemical deposition (ECD) plating systems, said Ray Thompson, president and chief executive officer of the company. "Our Millennium single-wafer cleaning tool, which is the tool that helps our customers move to the demands of 300-mm technology, went from a single order in fiscal 1999 to multiple orders in fiscal 2000," he added.